Why Intel did not buy ARM is something that puzzles me...
In 2016 ARM sold to SoftBank for $31B.
In 2016 Intel had a market cap of ~$170B and about $17B cash on hand. I'm no M&A analyst but surely given their fundamentals at the time Intel could have bought ARM without financial difficulty, no?
If even Facebook can look two steps ahead and pay an eye watering $19B for WhatsApp couldn't someone in the C-level at Intel could have seen that owning ARM would have been a jolly good strategic purchase - or am I missing something?