Factbox-What’s in SoftBank IPO pipeline after Arm listing
TOKYO (Reuters) – SoftBank Group’s Arm Holdings soared almost 25% above its Nasdaq debut price on Thursday, valuing the company at $65 billion. The following are some of the other SoftBank-backed firms…
Softbank sees Latin America exits picking up from 2025, exec says
By Peter Frontini SAO PAULO (Reuters) – Softbank expects exits from its investments in Latin American startups to intensify from 2025 as the region’s prospects improve, Alex Szapiro, regional head and managing…
SoftBank seen returning to profit as tech stocks gain
By Anton Bridge TOKYO (Reuters) – Japan’s SoftBank Group is likely to report a return to profit when it announces first-quarter earnings on Tuesday, analysts said, as its Vision Fund investing arm’s…
Japan’s SoftBank Corp posts 2.1% increase in Q1 profit
TOKYO (Reuters) – Japan’s SoftBank Corp, the domestic telecoms arm of SoftBank Group, posted a 2.1% increase in first quarter operating profit on Friday. Operating profit was 246.3 billion yen ($1.73 billion)…
Former SoftBank chief launches fund focused on LatAm startups
MEXICO CITY (Reuters) – The former chief executive of SoftBank Group International, Marcelo Claure, on Wednesday launched a fund focused on Latin America with initial commitments of around $440 million. The fund,…
Credit Suisse lodges $440 million London claim against SoftBank
LONDON (Reuters) – Credit Suisse has lodged a $440 million claim against Japan’s SoftBank Group Corp in London as it presses ahead with formal proceedings in a dispute borne from the failure…
SoftBank shares jump on Alibaba split-up plans
TOKYO (Reuters) – Shares in SoftBank Group Corp soared on Wednesday after Chinese e-commerce conglomerate Alibaba Group, in which the Japanese technology investor has a 13.7 % stake, announced a major restructuring…
SoftBank Q3 seen under pressure from tech weakness, Arm IPO eyed
By Kiyoshi Takenaka TOKYO (Reuters) – SoftBank Group Corp’s quarterly earnings on Tuesday are set to show persistent pressure from tech valuations that have yet to recover from a global sell-off, adding…
SoftBank makes no Arm investment proposal to Samsung-report
SEOUL (Reuters) – SoftBank Group Corp founder and CEO Masayoshi Son discussed on Tuesday a long-term cooperation between chip designer Arm and Samsung Electronics, but did not propose the South Korean firm…
SoftBank cuts about 150 staff globally -source
By Anirban Sen, Sam Nussey and Julie Zhu NEW YORK/TOKYO (Reuters) – Japan’s SoftBank Group Corp is cutting around 150 staff globally at its Vision Fund unit and SoftBank Group International, a…
SoftBank shares rise 5% on news of trimming Alibaba stake
TOKYO -Shares in SoftBank Group Corp rose 5% in morning trading in Tokyo on Friday after the Japanese conglomerate said it would book a $34.1 billion gain by trimming its stake in…
SoftBank overseas business chief exits in latest churn
By Sam Nussey TOKYO -Japan’s SoftBank Group Corp said on Wednesday it has appointed Alex Clavel as chief executive of its SoftBank Group International (SBGI) unit, replacing Michel Combes who leaves after…
Glass Lewis opposes lawyer election to SoftBank board for second year
By Sam Nussey TOKYO – Proxy adviser Glass Lewis has urged SoftBank Group Corp shareholders to oppose the election of corporate lawyer Ken Siegel to the board of directors for a second…
Japan’s SoftBank cuts borrowing from Mizuho, Goldman Sachs
By Sam Nussey TOKYO – SoftBank Group Corp trimmed borrowing from its main bank Mizuho Financial Group Inc by 4.5% in the year ended March to 812 billion yen ($6.38 billion), a…
SoftBank seen posting bruising Vision Fund loss on tech sell-off
By Sam Nussey TOKYO – Japan’s SoftBank Group Corp is set to report a bruising loss at its Vision Fund investment unit on Thursday, analysts said, after investors sold off the high-growth…
SoftBank execs to leave boards of India’s Paytm, Policybazaar – source
NEW DELHI – Representatives of SoftBank Group Corp will step down from the boards of Indian digital payments firm Paytm and the parent of online insurance aggregator Policybazaar, a person with direct…
Arm deal collapse leaves SoftBank asset sales in disarray
By Sam Nussey TOKYO – The collapse of SoftBank Group Corp’s deal to sell chip designer Arm to Nvidia marks a major setback to the Japanese conglomerate’s efforts to generate funds at…
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