TOKYO (Reuters) - Shares in SoftBank Group Corp were untraded in Tokyo on Tuesday amid a glut of sell orders, after the heavily indebted company said it would buy Britain's ARM Holdings for $32 billion.
The purchase, announced on Monday, is SoftBank's largest takeover to date and marks a departure for a group whose tech and telecoms portfolio ranges from U.S. carrier Sprint to a stake in Chinese e-commerce giant Alibaba and humanoid robot 'Pepper' - but does not yet include a major presence in the semiconductor industry.
SoftBank shares were not traded on Monday, a market holiday in Japan.
(Reporting by Chang-Ran Kim; Editing by Ryan Woo)
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