Maybe it's just me, but I see this as a foolish move. ARM was better suited to being an independent company due to their licencing model. With the purchase by SoftBank now there's greater incentive for licensees to move away from ARM. I suspect we'll see much more investment in RISC-V as a result of this, which would be a good thing for most of us, but a less good thing for ARM.
That depends on how Softbank manages the acquisition. If they keep the company separate and just keep cashing in dividends, I don't see the problem. Softbank afaik is also very much focused on the Japanese market only.