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The Latest Breaking News from SoftBank

Scoop: Top SoftBank executive Ron Fisher steps down

Fisher has been with SoftBank for 27 years.

Axios

SoftBank Goes Defensive On Investments Following Tech Meltdown

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son looked to slow down investments to raise cash amid the tech stock meltdown and China's regulatory crackdown the Financial Times reports. Rising interest rates and the Ukraine crisis have ravaged its holdings. SoftBank also suffered due to considerable holding in Alibaba Group Holding Ltd (NYSE:BABA) and DiDi…

Benzinga

South Korean Chipmaker Weighs Arm Takeover Options

South Korean chipmaker SK Hynix Inc (OTC:HXSCL) CEO admitted to weighing a consortium to acquire British semiconductor company Arm Ltd, Reuters reports citing Yonhap news agency. “I don’t believe Arm is a company that could be bought by one company,” SK Hynix Vice-Chair and co-CEO Park Jung-ho admitted, FX Empire reports. SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) looked…

Benzinga

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Morning Brief: Top Stories Dominating Financial Media on Wednesday, March 30

Reuters Carrefour Aims To Install EV Charging Stations

Benzinga

Here's How Arm Looks To Speed Up Its US IPO

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF)-owned Arm Ltd, looks to transfer shares in its China joint venture to a SoftBank special purpose vehicle to speed up its U.S. IPO, the Financial Times reports. SoftBank will hold 28% of Arm China after the transfer, Bloomberg reports. Arm will hold less than 20% of Arm China and treat it…

Benzinga

China Tech's Dwindling Fortunes Fuel More Alibaba Stake Selloff Speculations By SoftBank

The dwindling fortunes of the Chinese tech shares have prompted concerns over Alibaba Group Holding Ltd (NYSE:BABA) stake selloff by SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF), the Wall Street Journal reports. SoftBank's single most significant investment in the e-commerce giant was hit hard by the domestic crackdown. The Nasdaq Golden Dragon China Index of U.S.-listed Chinese stocks…

Benzinga

Crowdfunding a capital: Indonesia’s unusual pitch raises eyebrows

Unorthodox proposal comes after Japan’s SoftBank opts not to invest in project estimated to cost $32bn.

Al Jazeera

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This SoftBank-Owned Japanese Social Media Giant Is Launching An NFT Marketplace

LINE, co-owned by the Masayoshi Son-led SoftBank Group Corp (OTC: SFTBY), is all set to launch a non fungible token (NFT) marketplace.

Benzinga

Pear Therapeutics, SoftBank Team On Sleep/Wake Disorder Therapeutic For Japanese Market

Pear Therapeutics Inc (NASDAQ: PEAR) has agreed with SoftBank Group Corp (OTC: SFTBY) to develop a Japanese-language digital therapeutic for sleep/wake disorders for the Japanese market.

Benzinga

GM Buys Out Softbank's Stake In Cruise Self-Driving Unit And Commits Additional Capital

General Motor Corporation (NYSE: GM) announced late Friday, a move that only goes to underline the seriousness with which the company is pursuing its electrifica

Benzinga

GM buys SoftBank’s $2.1 Billion stake in Cruise self-driving unit

General Motors Co. bought out the SoftBank Vision Fund 1’s stake in self-driving startup Cruise LLC for $2.1 billion, ending the Japanese investment firm’s involvement in the business and giving the Detroit automaker 80% ownership.

Tribune News Service

SoftBank Founder Boosts Collateral To 33% Of Stock As Stock Prices Sink

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son has raised the collateral stock to financial institutions as its shares plunged over 2021, Bloomberg reports. Son boosted the stock pledged as collateral to ~33% of his stake or 153.3 million shares in SoftBank as its shares sank 60% from their peak last year.…

Benzinga

SoftBank-Owned Arm Ltd Looks To Prune ~1K Jobs As It Prepares For IPO

SoftBank Group Corp(OTC:SFTBY) (OTC:SFTBF)-owned Arm Ltd looks to slash 15% of its workforce as it prepares for its initial public offering, Bloomberg reports. Arm aims to trim 12% - 15% of U.K. staff to control spending and focus on fewer projects. Also Read: SoftBank Aims For Arm IPO After Nvidia Dumps Takeover Plans, US Joins…

Benzinga

Japan Fashion Magnate Maezawa Buys ‘Affectionate’ Robot Venture

Japanese fashion magnate Yusaku Maezawa is buying robotics startup Groove X, which makes an "affectionate" companion robot, saying on Tuesday he was drawn by its ability to "make people feel happy". A fund owned by Maezawa has taken a majority stake in the startup, founded by an alumni of SoftBank…

Asharq Al-Awsat

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Benzinga

SoftBank's $1B Block Sale Is Causing Coupang's Meltdown

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) Vision Fund's block trade sale worth $1 billion on March 9 triggered Coupang Inc (NYSE:CPNG) share's recent meltdown. SVF Investments (UK) Ltd sold 50 million Coupang shares for $20.87 per share. Coupang's shares closed at $22.70 on March 9 and $18.94 on March 10. Also Read: South Korean E-Commerce Company Coupang…

Benzinga

WeWork's Empty Chair Sparks Speculation Of Founder Adam Neumann's Return: Bloomberg

WeWork Inc (NYSE:WE) is yet to fill the Chair position since Marcelo Claure's exit in January, Bloomberg reports. Claure, SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) former COO, had held that position since the Japanese conglomerate rescued WeWork from near-insolvency in 2019. Claure resigned in January from SoftBank, the biggest investor in WeWork. Adam Neumann can…

Benzinga

Here's Why Alibaba Dumped Its Fundraising Plans

Alibaba Group Holding Ltd (NYSE:BABA) discussed raising at least $1 billion for Lazada before calling off negotiations when talks bogged down over the Southeast Asian online mall's valuation, Bloomberg reports. Alibaba had aimed to secure financing for Lazada ahead of its spinoff and a potential initial public offering. Alibaba ditched the fundraising…

Benzinga

Here's Why Jefferies Sees More Alibaba Stake Sale By SoftBank

SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) sold 20 million Alibaba Group Holding Ltd (NYSE: BABA) shares in the last quarter and "

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Evening Standard

SoftBank backs Deliveroo IPO platform PrimaryBid in $190 million round

London-based PrimaryBid helped Deliveroo offer shares to retail investors in its March 2021 IPO

Benzinga

Read The Latest Update On SoftBank's Arm IPO

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) banks jostled for roles on a potential IPO of Arm Ltd to underwrite a margin loan of about $8 billion, Bloomberg reports. Banks plan to pitch IPO valuations for Arm of upward of $50 billion. Related Content: SoftBank Looks To List Arm In US, Ditching Its Home Market Arm is…

The Guardian - UK

SoftBank’s Arm flotation hopes hit by legal fight in China

News of dispute comes as London Stock Exchange seeks to persuade SoftBank to reconsider its Nasdaq choice

Benzinga

SoftBank-Owned Arm Faces China Roadblock After Nvidia

SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) U.K. chip designer Arm Ltd's escalating battle at its renegade China unit has jeopardized its IPO ambitions, the Financial Times reports. The joint venture head, Allen Wu, has launched a third legal case against Arm China through one of his shareholder companies. Wu's latest case aims to get reappointed…

The Guardian - UK

Noisy activists aside, GSK investors backed Walmsley and her strategy

The ‘step-change’ in growth for the core pharma division has barely started, but the CEO is secure for now

Benzinga

Why Nvidia Shares Are Trading Higher Today

NVIDIA Corp (NASDAQ: NVDA) is trading higher Wednesday following the company's termination of its planned acquisition of British semiconductor company Arm Limited from SoftBank.

Benzinga

SoftBank Looks To List Arm In US, Ditching Its Home Market

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) CEO Masayoshi Son looks to list British chip designer Arm Ltd in the U.S., shunning its home market, CNBC reports. Son aims for a "big IPO" and looks to publicly list Arm on the tech-focused Nasdaq stock market within the fiscal year ending March 31, 2023. Roughly…

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