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SoftBank says did not use post-Brexit sterling fall to buy ARM cheaply

Reuters - UK Focus

LONDON, July 18 (Reuters) - A fall in the value of sterling after Britons voted to leave the European Union did not affect Japanese firm SoftBank's decision to buy British chip designer ARM Holdings (LSE: ARM.L - news) , its chairman and CEO said on Monday.

"We did not use this as an opportunity to buy cheaper... Brexit did not bring us any discount," Masayoshi Son told reporters at a news conference in London. (Reporting by Costas Pitas and Jemima Kelly; editing by Kate Holton)