Thursday, Sep 29, 2022

SoftBank Corp


SoftBank racks up record $26 billion Vision Fund loss

May 12, 2022 1:13 pm

The loss was in stark contrast to a year earlier when SoftBank posted record annual profit, surpassing global heavyweights such as Warren Buffett's Berkshire Hathaway, after the listing of South Korean e-commerce firm Coupang.

SoftBank option purchases raise eyebrows as Wall Street backtracks

September 05, 2020 10:34 am

In total, SoftBank injected roughly $4 billion building up stakes in Inc, Netflix Inc, Tesla Inc, Microsoft Corp and Alphabet Inc, according to regulatory filings.

SoftBank explores a sale or IPO of chip company arm

July 14, 2020 11:19 am

If it pursues a listing, the chip-design company could go public as soon as next year, said the people, who asked not to be identified because the deliberations are private.

Oyo furloughs thousands of workers in setback for SoftBank

April 09, 2020 1:14 pm

Oyo has more than $1 billion of cash in the bank and is exploring options to remain viable over at least the next 36 months, one of the people said. SoftBank shares rose as much as 3.5% in Tokyo trading.

SoftBank blasts Moody’s for 'biased' ratings downgrade

March 26, 2020 11:23 am

SoftBank’s shares slid as much as 8.4% early in Tokyo trade. The Moody’s downgrade -- lowering SoftBank’s corporate family rating and senior unsecured rating to Ba3 from Ba1 -- pushed the company deeper into junk territory.

SoftBank profit wiped out by Vision Fund losses, second fund scaled back

February 13, 2020 10:40 am

SoftBank Group Corp profit was 2.6 billion yen ($24 million) in the October-December quarter versus 438 billion yen a year before.

SoftBank's Yahoo Japan, Line Corp announce merger

November 18, 2019 7:10 am

The companies aim for a definitive agreement by next month in a transaction that will see SoftBank Corp and Naver form a 50:50 venture that will control Z Holdings, which will in turn operate Line and Yahoo.

SoftBank Group shares slide 5 per cent as Saudi ties cause concern

October 15, 2018 9:10 am

Saudi Arabia, which provided much of the funding for the SoftBank Vision Fund, is seeing a growing number of attendees pull out of the "Davos in the Desert" investment conference after the disappearance of a prominent Saudi journalist.

SoftBank's ARM cedes control of China ops to consortium for $775 million

June 06, 2018 9:31 am

Arm will be selling the 51 percent of Arm Technology China to a consortium led by Hou An Innovation Fund, which is jointly managed by ARM and Chinese private equity firm Hopu Investments.

Grab vanquishes Uber with local strategy, billions from SoftBank

March 27, 2018 3:20 pm

Grab was able to acquire Uber's South East Asian unit on the back of strong local growth, ably backed by tech investor SoftBank.