The impending sale of Arm Holdings Inc. to Nvidia Corp. for $40 billion could have broad implications for the global semiconductor industry, further boosting one of its highest fliers and lifting another major bet by SoftBank Group Inc. The Japanese technology group said late Sunday it had reached anRead More →
© Reuters. U.S. Democratic presidential candidate Bloomberg appears at campaign event in Memphis By Kenneth Li and Greg Roumeliotis (Reuters) – Gary Ginsberg, the global head of communications for SoftBank Group Corp (T:), has taken an indefinite leave of absence to advise Michael Bloomberg’s U.S. presidential campaign, people familiar withRead More →
(Reuters) – Lab-grown meat producer Memphis Meats said on Wednesday it raised $161 million in a funding round led by Japan’s SoftBank Group (T:), Singapore’s wealth fund Temasek Holdings and Norwest Venture Partners. The company said https://www.dropbox.com/sh/a8d448rg2ia38wb/AADm73yA_KTatQr7C4RmZHTEa/Press%20releases?dl=0&preview=Series+B+press+release.pdf&subfolder_nav_tracking=1 the latest round took total funding to over $180 million and drew investmentRead More →
By Greg Roumeliotis and Anirban Sen NEW YORK/BANGALORE (Reuters) – SoftBank Group Corp (T:) will this week launch a previously agreed tender offer for as much as $3 billion of WeWork shares, including up to $970 million owned by the office sharing company’s cofounder Adam Neumann, two people familiar withRead More →
© Reuters. Investing.com – SoftBank Group is in talks with multiple Japan-based banks for financing worth as much as 300 billion yen ($2.8 billion), Bloomberg reported on Thursday citing people familiar with the matter. The funds will be used to pay for SoftBank’s $3 billion tender offer to shareholders ofRead More →
© Reuters. Investing.com – Softbank Group Corp. (T:) reported a whopping 704.4 billion yen ($6.5 billion) operating loss in the three months ended September 30, its first quarterly loss in 14 years. SoftBank’s signature Vision Fund, the world’s single largest pool of startup investments, reported a 970.3 billion yen lossRead More →
TOKYO (Reuters) – SoftBank Corp CEO Ken Miyauchi said on Tuesday WeWork’s Japanese business can become profitable “in the near future”. WeWork Japan, a joint venture between the office-space sharing startup, telco SoftBank Corp and its parent SoftBank Group Corp (T:), is growing well with high occupancy rates, executives saidRead More →
© Reuters. Investing.com – Japan-listed Softbank Group Corp. (T:) is close to taking over control of work space company WeWork, CNBC reported on Tuesday citing people familiar with the matter. The deal would be worth somewhere between $4 billion and $5 billion, the people said, adding that an announcement couldRead More →
(Reuters) – Japan’s SoftBank Group Corp (T:) is seeking the help of its chief operating officer, Marcelo Claure, to turn around WeWork, Bloomberg reported on Friday. Claure, who is also the former chief executive of Sprint Corp (N:) and remains its executive chairman, has been asked by SoftBank Chief MasayoshiRead More →
(Reuters) – Japan’s SoftBank Group Corp (T:) is planning to lend up to $20 billion to its employees, including Chief Executive Masayoshi Son, to buy stakes in its second Vision Fund, the Wall Street Journal reported https://on.wsj.com/307Ljih on Saturday, citing people familiar with the matter. Son himself may account forRead More →
© Reuters. FILE PHOTO: Japan’s SoftBank Group Corp Chief Executive Masayoshi Son bows his head after his presentation at a news conference in Tokyo By Sam Nussey TOKYO (Reuters) – Most investors in SoftBank Group Corp’s $100 billion Vision Fund want to join the group’s forthcoming second fund, founder andRead More →
© Reuters. FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos (Reuters) – General Motors (NYSE:) Co’s majority-owned Cruise self-driving car unit said on Tuesday it received a $1.15 billion investment from a consortium of investors, valuing the subsidiary at $19 billion.Read More →
© Reuters. SoftBank, others in talks to invest $1 billion in Uber’s self-driving unit: WSJ (Reuters) – A consortium that includes SoftBank Group Corp is in late-stage talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, the Wall Street Journal reported on Wednesday, citing peopleRead More →
