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Mobile Minutes: SoftBank to buy ARM; Uber reaches 2B rides; Opera takeover fails; 62 bid in spectrum auction

Japan?s SoftBank will acquire UK chip design company, ARM Holdings, to cash in on growing demand for processors and other technologies for the internet of things and mobile markets.

Uber has completed more than 2 billion trips on its app, the company's chief executive said on Monday, a milestone that arrives just weeks after the ride service added another $4.7 billion to its warchest.

A $1.24 billion agreed takeover of Norwegian online browser and advertising company Opera Software by a Chinese consortium of internet firms has failed, Opera said on Monday, after warning last week the deal had yet to win regulatory approval.

The U.S. Federal Communications Commission said on Friday that 62 bidders have made upfront payments in a forthcoming wireless spectrum auction, including AT&T Inc, Verizon Communications Inc, Dish Network, T-Mobile US and Comcast Corp.