Glance: SoftBank and ARM Holdings

NEW YORK (AP) - Chipmaker ARM Holdings agreed to be bought by Japan's Softbank for about $32 billion. The deal would bring together two companies with far-flung businesses. It's both a big bet on the "Internet of Things" and the first big deal involving a British company since the nation voted in June to leave the European Union.

Name: SoftBank Group Corp.

Revenue: $82.6 billion in its last fiscal year

What it does: Mobile communications businesses including SoftBank Mobile, broadband services, telephone and data services, internet advertising and e-commerce services.

History: SoftBank was the first company to offer the iPhone in Japan. Since 2013 it has owned struggling U.S. mobile company Sprint. It also owns stakes in Chinese e-commerce giant Alibaba and Yahoo Japan and a piece of Finnish game developer Supercell, the maker of "Clash of Clans." In June it agreed to sell its stake in Supercell to Chinese technology company Tencent for $10.2 billion. Softbank also makes the humanoid companion robot Pepper.

Sports: SoftBank owns the Fukuoka Softbank Hawks baseball team, which won the Japan Series in 2014 and 2015.

Name: ARM Holdings PLC

Revenue: About $1.49 billion in 2015

What it does: ARM is the biggest publicly-traded technology company in Britain. It says its technology is used in almost all smartphones and most digital cameras, as well as augmented-reality headsets, biometric sensors, self-driving cars, commercial drones and smart watches. A major focus for the company is "Internet of Things" products, or technology used in internet-enabled home devices.