Global  

SoftBank Group

Japanese conglomerate company

SoftBank Group    ▸ Facts   ▸ Comments   ▸ News   ▸ Videos   

SoftBank Group: Japanese conglomerate company
SoftBank Group Corp. is a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo. SoftBank owns stakes in many technology, energy, and financial companies. It also runs Vision Fund, the world's largest technology-focused venture capital fund, with over $100 billion in capital.

0
shares
ShareTweetSavePostSend
 

SoftBank introduces new restaurant robot to Japan [Video]

SoftBank introduces new restaurant robot to Japan

SoftBank's robotics arm said on Monday it will bring a food service robot developed by California-based Bear Robotics to Japan as restaurants grapple with labour shortages and a new socially distanced..

Credit: Reuters Studio     Duration: 01:00Published
SoftBank sells Arm to Nvidia in $40 bln deal [Video]

SoftBank sells Arm to Nvidia in $40 bln deal

SoftBank Group Corp said on Monday it has agreed to sell chip designer Arm to Nvidia Corp for as much as $40 billion in a deal set to reshape the semiconductor landscape. Libby Hogan reports.

Credit: Reuters Studio     Duration: 02:02Published
SoftBank Takes $10-Billion Hit [Video]

SoftBank Takes $10-Billion Hit

On Tuesday, SoftBank stock took a hit. SoftBank lost 7.7% over two days following reports that the conglomerate had been making huge and risky bets on tech stocks. The losses have wiped roughly $10..

Credit: Wochit News     Duration: 00:42Published
SoftBank Dives Into Tech Stocks [Video]

SoftBank Dives Into Tech Stocks

Japan's SoftBank Group Corp. bought $4 billion of shares in tech companies and another $4 billion of call options. Business Insider says the purchase is tied to roughly $50 billion in tech stocks,..

Credit: Wochit News     Duration: 00:27Published

You Might Like


Alphabet and SoftBank’s solar-powered drone provides first LTE connection

alphabet and softbank’s solar-powered drone provides first lte connection
HAPSMobile’s Sunglider aircraft during a test flight in New Mexico. | Image: HAPSMobile via NewAtlas Airborne cell towers have a number of advantages over their terrestrial brethren. They can..
The Verge - Published

Nvidia confirms $40B purchase of Arm, bringing together two chip giants

nvidia confirms $40b purchase of arm, bringing together two chip giants
After weeks of on-and-off speculation, Nvidia this evening confirmed that it intends to buy chip design giant Arm Holdings for a total of up to $40 billion from existing owner SoftBank, which bought..
WorldNews - Published

Nvidia is acquiring Arm for $40 billion

nvidia is acquiring arm for $40 billion
Nvidia said Sunday it is acquiring chipmaker Arm from SoftBank for $40 billion. Arm will operate as an division of Nvidia and will remain headquartered in the UK, and, will “continue to operate its..
The Verge - Published

SoftBank is reportedly preparing to sell ARM to Nvidia for more than $40 billion

softbank is reportedly preparing to sell arm to nvidia for more than $40 billion
Photo by Sam Byford / The Verge SoftBank is reportedly is preparing to sell chipmaker ARM to Nvidia as early as next week in a deal worth more than $40 billion, The Wall Street Journal..
The Verge - Published

SoftBank value slumps as investors fear it may be the 'Nasdaq whale'

softbank value slumps as investors fear it may be the 'nasdaq whale'
The value of the Japanese technology investor, SoftBank, slumped by about £7bn on Monday after shareholders were spooked by reports the company has been making huge bets on US technology firms listed..
WorldNews - Published

Japan tech giant SoftBank's profits rise on investments

japan tech giant softbank's profits rise on investments
TOKYO (AP) — Japanese technology giant SoftBank Group Corp.'s said Tuesday that its profit rose 12% in April-June from a year earlier as its investments added to its coffers, including sales of its..
WorldNews - Published

Nikkei turns higher as SoftBank and FamilyMart draw buying

nikkei turns higher as softbank and familymart draw buying
The benchmark Nikkei stock average turned higher Thursday, backed by the popularity its heavily weighted components SoftBank Group and FamilyMart.The Nikkei average of 225 selected ... ......
WorldNews - Published

SoftBank's Son leaves Alibaba board following Ma's departure

softbank's son leaves alibaba board following ma's departure
Masayoshi Son, the chief executive of Japanese technology company SoftBank Group Corp., said Thursday that he is stepping down from the board of Chinese e-commerce giant Alibaba. ......
WorldNews - Published

Sale of SoftBank's 198 million T-Mobile shares prices at $103 per share

sale of softbank's 198 million t-mobile shares prices at $103 per share
CNBC's David Faber reports the details of SoftBank's sale of 198 million T-Mobile shares. ......
WorldNews - Published

SoftBank Plans to Sell $21 Billion Worth of T-Mobile Shares

softbank plans to sell $21 billion worth of t-mobile shares
SoftBank’s decision to sell T-Mobile shares is part of the company’s efforts to boost liquidity in a bid to fight the negative economic of the coronavirus pandemic. The internal responses by..
WorldNews - Published

SoftBank-backed Ola Electric buys Dutch scooter company Etergo

A unit of SoftBank Group-backed Indian ride-hailing company Ola will buy Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said..
Reuters India - Published

SoftBank-backed Ola follows Uber with job cuts as revenue sinks

SoftBank Group-backed Indian ride-hailing company Ola will cut 1,400 jobs, or about 35% of its workforce, as it navigates a strict coronavirus lockdown that has halted 95% of its business, company..
Reuters India - Published

SoftBank-backed Ola to cut about 35% workforce amid COVID-19 crisis

SoftBank Group-backed Indian ride-hailing company Ola will cut 1,400 jobs, or about 35% of its workforce, as it tries to navigate the coronavirus crisis, its chief executive officer said in a note to..
Reuters India - Published

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

SoftBank Group Corp CEO Masayoshi Son on Monday pinned his hopes on a small group of "winged unicorns" to save the performance of his $100 billion Vision Fund - although he gave few clues on which ones..
Reuters - Published

SoftBank's Vision Fund tumbles to $18 billion loss in 'valley of coronavirus'

Japan's SoftBank Group Corp reported a stunning $18 billion loss at its giant Vision Fund, pushing Masayoshi Son's conglomerate to a record loss and highlighting the deepening crisis at its portfolio..
Reuters - Published

SoftBank to raise over $11 billion for buybacks using Alibaba shares

Softbank Group will raise 1.25 trillion yen ($11.7 billion) using Alibaba stock to fund buybacks of its own shares, Chief Executive Masayoshi Son said on Monday.
Reuters - Published

SoftBank Vision Fund records $18 billion operating loss, portfolio slides underwater

Japan's SoftBank Group Corp on Monday reported an annual 1.9 trillion yen ($18 billion) operating loss at its gargantuan Vision Fund, as its tech bets slid below cost, pushing the group to its..
Reuters - Published

SoftBank posts record $13 billion operating loss as tech bets slide

SoftBank Group Corp on Monday reported a record 1.4 trillion yen ($13 billion) operating loss in the April-March financial year as the value of its tech bets via the $100 billion Vision Fund crumbled.
Reuters - Published

SoftBank in talks to sell down T-Mobile U.S. stake to Deutsche Telekom - WSJ

SoftBank Group Corp is in talks to sell "a significant portion" of its T-Mobile US stake to controlling shareholder Deutsche Telekom AG, the Wall Street Journal reported on Monday citing unidentified..
Reuters - Published

Alibaba's Jack Ma resigns from SoftBank board

SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.
Reuters - Published

SoftBank proposes three new board members as Alibaba's Jack Ma resigns

SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.
Reuters - Published

Telco SoftBank sees stable profit, offering Son respite from virus

telco softbank sees stable profit, offering son respite from virus
SoftBank Corp on Monday forecast operating profit for the current financial year at 920 billion yen ($8.6 billion), largely unchanged from a year earlier, as it continues to generate cash amid the..
WorldNews - Published

Adam Neumann, WeWork’s Former Chief, Sues SoftBank

The lawsuit accuses SoftBank of improperly backing out of an offer to buy shares held by Mr. Neumann, employees and other investors.
NYTimes.com - Published

WeWork co-founder Neumann sues SoftBank over failed tender offer

WeWork co-founder Adam Neumann filed a lawsuit against Japan's SoftBank Group Corp and its Vision Fund on Monday for terminating a $3 billion tender offer to the office-sharing startup's shareholders.
Reuters - Published

For SoftBank's Son, coronavirus turns vision to illusion

SoftBank Group Corp founder Masayoshi Son's dream of a global tech empire is unravelling, with the coronavirus crisis compounding losses at his $100 billion Vision Fund and distress at his big bets..
Reuters - Published

SoftBank posts its first loss in 15 years as tech investments underperform

softbank posts its first loss in 15 years as tech investments underperform
SoftBank expects its $100 billion (Dh367.3bn) Vision Fund to book a loss of ¥1.8 trillion yen (($16.7bn or Dh61.3bn) due to the worsening performance of its tech bets, which will tip the group as a..
WorldNews - Published

SoftBank CEO Son says will supply 300 million masks per month to Japan

SoftBank Group Corp CEO Masayoshi Son said he has secured a monthly supply of 300 million face masks for Japan from May after reaching a deal with Chinese electric vehicle maker BYD Co Ltd, which has..
Reuters - Published

WeWork sues SoftBank for dropping $3 billion tender offer

wework sues softbank for dropping $3 billion tender offer
A WeWork board committee that negotiated a $3 billion tender offer with SoftBank Group sued the Japanese conglomerate on Tuesday for abandoning the deal, accusing it of succumbing to "buyer's remorse"..
WorldNews - Published Also reported by •Reuters

SoftBank CEO Son's coronavirus poll shows 80% favor state of emergency

More than 80% of respondents to a Twitter poll initiated by SoftBank Group Corp's CEO Masayoshi Son would support a declaration of a state of emergency to fight the coronavirus, as the number of cases..
Reuters - Published

SoftBank Group withdraws $3 bil. tender offer plan for WeWork

softbank group withdraws $3 bil. tender offer plan for wework
SoftBank Group Corp. said Thursday it has withdrawn a plan to buy up to $3 billion worth of shares in WeWork as part of a bailout package to rebuild the struggling U.S. co-working space operator. The..
WorldNews - Published

SoftBank terminates $3 billion WeWork tender offer

SoftBank Group Corp said it has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders, including ousted co-founder Adam Neumann, drawing threats of legal..
Reuters - Published

SoftBank to abandon $3 billion deal for additional WeWork shares

Japan's SoftBank Group Corp will not complete a $3 billion tender offer for additional WeWork shares agreed last year with its shareholders, a special committee of the U.S.-based shared-office..
Reuters - Published Also reported by •NYTimes.com

Softbank-backed satellite startup OneWeb files for bankruptcy

softbank-backed satellite startup oneweb files for bankruptcy
New York (CNN Business)OneWeb — which for years chased a multibillion-dollar dream of beaming cheap, high-speed Internet from space — filed for bankruptcy on Friday. The company said it plans to..
WorldNews - Published

SoftBank to buy back $41 billion in assets to trim debt

softbank to  buy back $41 billion in assets to trim debt
BANKGOK (AP) — The Japanese technology and telecoms company SoftBank said Monday it plans to buy back up to 4.5 trillion yen ($41 billion) of its assets as it seeks to trim its gigantic debt burden...
WorldNews - Published

WeWork board's special committee prepares for fight against SoftBank

The special committee of WeWork's board is preparing for a fight against Japan's SoftBank Group Corp saying that SoftBank should complete its tender offer promised to the office sharing company's..
Reuters - Published

Exclusive: Indonesia considers 2032 Olympics bid for new capital city with SoftBank's help

Indonesian President Joko Widodo is weighing an audacious 2032 Olympics bid centered on the country's not-yet-built new capital and is in early talks with SoftBank chief executive Masayoshi Son and..
Reuters - Published

SoftBank communications chief Gary Ginsberg takes leave to aid Bloomberg campaign: sources

Gary Ginsberg, the global head of communications for SoftBank Group Corp , has taken an indefinite leave of absence to advise Michael Bloomberg's U.S. presidential campaign, people familiar with the..
Reuters - Published

T-Mobile, Sprint amend merger terms, SoftBank takes a hit

T-Mobile US and Sprint Corp said on Thursday that they had agreed on new merger terms that would reduce the stake of major Sprint shareholder SoftBank, while leaving the offer to other shareholders..
Reuters - Published

SoftBank spends $2.5 billion to get second Vision Fund off the ground: sources

SoftBank Group Corp has pumped $2.5 billion of its own cash into new investments since October, people familiar with the matter said, hoping to restore its money-making credentials as it courts..
Reuters - Published

SoftBank’s quarterly profits erased on losses in vision fund

softbank’s quarterly profits erased on losses in vision fund
Tokyo — Quarterly profit at SoftBank Group was almost wiped out as the Japanese technology giant was hit for a second straight quarter by losses at its $100bn vision fund. Wednesday’s dismal..
WorldNews - Published

Hedge fund Elliott Management builds $3 billion stake in SoftBank: sources

Hedge fund Elliott Management Corp, one of the world's most powerful activist investors, has amassed a nearly $3 billion stake in SoftBank Group Corp and is pushing for changes to boost the Japanese..
Reuters - Published

Exclusive: SoftBank leads latest Alto Pharmacy funding round at over $1 billion valuation

SoftBank's second Vision Fund has led a new round of funding for Silicon Valley-based drug delivery firm Alto Pharmacy that valued it at over $1 billion, according to two people familiar with the..
Reuters - Published

WeWork inks office space deal with SoftBank-backed Gympass: sources

WeWork has signed a deal to provide space to 250 employees of gym membership app company Compass in New York, the latest example of the U.S. office-sharing start-up's majority owner, SoftBank Group..
Reuters - Published

Japan arrests ex-SoftBank employee suspected of spying for Russia

japan arrests ex-softbank employee suspected of spying for russia
Tokyo: Japanese police have arrested a former SoftBank employee for allegedly stealing proprietary information from the telecom giant and giving it to Russian officials, police and media reports said..
WorldNews - Published

SoftBank's $3 billion WeWork financing talks stall with Japan banks: sources

SoftBank Group Corp's talks to secure $3 billion from Japan's three biggest banks have stalled as the lenders have hit internal lending limits to the firm, two people said, complicating a $9.5 billion..
Reuters - Published

SoftBank’s China strategy wobbles as key bets disappoint

For SoftBank Group Inc , financial technology firm OneConnect's IPO should have been a vindication of an aggressive China investing strategy.
Reuters - Published

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

softbank's son sticks with gut-led investing in chat with alibaba's ma
Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp's founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group..
WorldNews - Published Also reported by •Reuters


 Page 1  〉