Softbank Group Corp

SoftBank is now expected to sell fewer Arm shares in the initial public offering (IPO) and would likely be retaining a stake of as much as 90% in the company

Chipmaker Arm to make its own semiconductor: Report

The SoftBank Group Corp-backed company's newest chip, on which it started work in the past six months, is "more advanced" than ever before

SoftBank cuts India investments by 84% in 2022 amid macroeconomic headwinds

The Japanese conglomerate, which posted huge losses globally, also logged the highest number of exits from India this year

SoftBank swings to profit on sale of Alibaba stake after worst-ever quarter; Vision Fund reports 1.38 trillion yen loss

SoftBank Group reported a net profit of 3.08 trillion yen ($21.77 billion) in the three months to September 30, thanks to a $37.93 billion yen gain related to the early settlement of prepaid forward contracts using Alibaba’s shares, the company’s regulatory filings showed

SoftBank cuts about 150 staff globally - source

Notices are going out to employees on Thursday and will affect around 30% of employees across the two businesses, the person said, declining to be identified as the information is not public.

SoftBank's Rajeev Misra to step aside from main roles to build and run a new fund

Misra's move to step away from main roles at SoftBank comes six months after the Japanese conglomerate's chief operating officer Marcelo Claure resigned due to disputes over compensation. More importantly, it comes at a time when many of the Japanese investment conglomerate's bets turned sour with technology valuations plunging across the globe over the last six months.

SoftBank will cut investments to a fourth in 2022 as tech shares plunge globally

Compared to last year, the amount of new investment will be half or could be as small as a quarter, said the conglomerate's billionaire CEO Masayoshi Son

SoftBank posts $13 billion loss for FY22 as tech shares plunge across the globe

The result compared with a record 4.99 trillion yen profit a year earlier, when the boost from the listing of South Korean e-commerce firm Coupang saw SoftBank's earnings surpass global heavyweights including Warren Buffett's Berkshire Hathaway.

SoftBank Group to report Q3 results as valuations continue to slide

Major SoftBank assets that went public over the last year and are now trading below their listing price include Didi Global, e-commerce firm Coupang, and Auto1 Group.

SoftBank COO Marcelo Claure to step down after dispute with CEO over compensation

Claure has spent several years at SoftBank clearing up messy investments and had expected to be paid higher, however, CEO Masayoshi Son was looking to pay him a much smaller sum

Oyo hotels has about $1 billion to fund operations until IPO, says founder Ritesh Agarwal

Ritesh Agarwal said Oyo's focus is on getting revenue for per available room to 60-80 percent of pre-COVID-19 pandemic levels across all markets, and India, China, Japan, and Southeast Asia are making progress in reaching that range

SoftBank builds $1.2 billion Amazon stake; invests in Netflix, Tesla

Chief Executive Masayoshi Son last week announced a new investment management subsidiary that would park excess cash from a massive asset sale programme in liquid stocks.

Softbank's Son hopes 'winged unicorns' can save crumbling tech empire

The 62-year-old businessman offered few clues as to which of the fund's 88 portfolio companies would eventually succeed.

SoftBank shares fall 3.5% after flagging first FY loss in 15 years

The disastrous performance by the fund on which CEO Masayoshi Son has staked his reputation will drag the entire group to its first annual loss in 15 years, SoftBank said.

SoftBank sees $16.5 billion full year Vision Fund loss

The third consecutive quarter of losses by the Saudi Arabian-backed fund will push the group as a whole to an annual operating loss of 1.35 trillion yen, SoftBank said in a statement - its first loss for 15 years.

Didi Chuxing to launch Japan food delivery service from April

"DiDi begins recruiting food delivery partners in Osaka, Japan on Feb 25 and plans to officially launch this service in the city in early April," a company representative told Reuters.

SoftBank's Son sticks with gut-led investing in chat with Alibaba's Ma

SoftBank owns 26% of China's Alibaba, with its origin in a $20 million investment in 2000, and the stake is now worth more than the Japanese firm's market capitalization.

SoftBank Group CEO says to invest $2 billion in ride-hailing app Grab

SoftBank will also help the Southeast Asian technology company build a second headquarters in the Indonesian capital, Son said.

SoftBank planning IPO of $100 billion Vision Fund: Report

SoftBank is also in talks with Oman for an investment in the Vision Fund, which has raised nearly all of its funding so far from Saudi Arabia and Abu Dhabi, according to the report.

Softbank launches $5 billion fund to invest in LatAm tech firms

'Latin America presents significant opportunities for SoftBank Group, and the Vision Fund will have the ability to co-invest alongside the SoftBank Innovation Fund.'

SoftBank Corp says Q3 profit rose 24% in first post-IPO earnings

Operating profit was 191.6 billion yen ($1.74 billion) in October-December, compared with 155.1 billion yen in the same period a year earlier, SoftBank Corp said in a stock exchange filing.

SoftBank's Vision Fund nearing $1.5 billion investment in SE Asia's Grab: Source

Six-year old Grab has so far raised over $6.5 billion, led by SoftBank, Chinese ride-hailing firm Didi Chuxing and Toyota Motor Corp. After a fund raising in August, Grab was valued at around $11 billion.

SoftBank to shun Huawei in favour of Ericsson, Nokia equipment: Report

SoftBank will also order equipment from the two European suppliers instead of Huawei for its next-generation 5G network, Nikkei reported.

SoftBank's mobile unit launches $21 billion IPO

The unit, SoftBank Corp, will list on the Tokyo Stock Exchange on December 19, the filing with the Ministry of Finance showed on Monday.

SoftBank COO pulls out of Saudi Arabia conference: Report

Claure is the latest high profile executive to pull out of the conference amid mounting pressure on Riyadh over the disappearance and alleged killing of journalist Jamal Khashoggi.