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Saturday, Oct 01, 2022

Softbank

SOFTBANK NEWS

‘SoftBank cuts OYO valuation by over 20%’

September 23, 2022 3:28 am

The Japanese investor, the largest shareholder in OYO, cut its estimated value for the firm to $2.7 billion in the June quarter from an earlier $3.4 billion after benchmarking it against peers with similar operations, the report said.

SoftBank’s Son plans to discuss Arm partnership with Samsung

September 21, 2022 7:05 pm

The UK firm sells and licenses semiconductor technology that’s found in everything from smartphones to supercomputers.

SoftBank execs’ pay slashed after historic Vision Fund loss

May 30, 2022 11:20 am

The company’s founder and Chief Executive Officer Masayoshi Son kept his pay unchanged at 100 million yen (roughly $785,000), however some of his top executives whose compensation was made public through a company filing on Monday saw big drops following a record $20.5 billion loss.

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.

Post ‘assessments’, Unacademy hands pink slips to about 600 staff, educators

April 08, 2022 5:53 am

The startup has around 6,000 employees, with the downsizing round impacting close to 10 per cent of its workforce.

Explained: Why is Softbank slowing down investments, and what could be its impact in India?

April 02, 2022 9:47 am

The founder of Softbank Masayoshi Son has told his top executives to slow down investments, according to a report by Financial Times. Why has the Japanese conglomerate taken this decision? Will it affect the start-up ecosystem in India?

Meesho IPO: SPAC listing in US or public offering in India on the cards

March 05, 2022 11:00 pm

The company is also looking to build a compliance framework by the end of this month, for its public offering planned in the first half of 2023, according to sources

Explained: Why did SoftBank, Nvidia call off Arm Ltd deal?

February 10, 2022 6:19 am

In addition to the impact that Nvidia’s acquisition of Arm could have on its rivals, the regulators looked at the impact of a deal this size on the strategic interests of their respective jurisdictions.

Nvidia to withdraw from acquisition of SoftBank’s Arm

February 08, 2022 12:33 pm

Nvidia announced the acquisition in September 2020, aiming to take control of chip technology that’s used in everything from phones to factory equipment.

SoftBank confirms that COO Marcelo Claure will depart

January 28, 2022 10:37 am

Michel Combes will take over Claure’s responsibility for SoftBank Group International and oversee SBGI’s operating and investment portfolio, the company said in a statement.

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