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SoftBank introduces new restaurant robot to Japan
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SoftBank sells Arm to Nvidia in $40 bln deal
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SoftBank Takes $10-Billion Hit
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SoftBank Dives Into Tech Stocks
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Alphabet and SoftBank’s solar-powered drone provides first LTE connectionHAPSMobile’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..
Nvidia confirms $40B purchase of Arm, bringing together two chip giantsAfter 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..
Nvidia is acquiring Arm for $40 billionNvidia 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..
SoftBank is reportedly preparing to sell ARM to Nvidia for more than $40 billionPhoto 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..
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..
Japan tech giant SoftBank's profits rise on investmentsTOKYO (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..
Nikkei turns higher as SoftBank and FamilyMart draw buyingThe 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 ... ......
SoftBank's Son leaves Alibaba board following Ma's departureMasayoshi 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. ......
Sale of SoftBank's 198 million T-Mobile shares prices at $103 per shareCNBC's David Faber reports the details of SoftBank's sale of 198 million T-Mobile shares. ......
SoftBank Plans to Sell $21 Billion Worth of T-Mobile SharesSoftBank’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..
SoftBank-backed Ola Electric buys Dutch scooter company EtergoA 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..
SoftBank-backed Ola follows Uber with job cuts as revenue sinksSoftBank 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..
SoftBank-backed Ola to cut about 35% workforce amid COVID-19 crisisSoftBank 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..
SoftBank's Son hopes 'winged unicorns' can save crumbling tech empireSoftBank 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..
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..
SoftBank to raise over $11 billion for buybacks using Alibaba sharesSoftbank 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.
SoftBank Vision Fund records $18 billion operating loss, portfolio slides underwaterJapan'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..
SoftBank posts record $13 billion operating loss as tech bets slideSoftBank 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.
SoftBank in talks to sell down T-Mobile U.S. stake to Deutsche Telekom - WSJSoftBank 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..
Alibaba's Jack Ma resigns from SoftBank boardSoftBank 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.
SoftBank proposes three new board members as Alibaba's Jack Ma resignsSoftBank 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.
Telco SoftBank sees stable profit, offering Son respite from virusSoftBank 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..
Adam Neumann, WeWork’s Former Chief, Sues SoftBankThe lawsuit accuses SoftBank of improperly backing out of an offer to buy shares held by Mr. Neumann, employees and other investors.
WeWork co-founder Neumann sues SoftBank over failed tender offerWeWork 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.
For SoftBank's Son, coronavirus turns vision to illusionSoftBank 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..
SoftBank posts its first loss in 15 years as tech investments underperformSoftBank 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..
SoftBank CEO Son says will supply 300 million masks per month to JapanSoftBank 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..
WeWork sues SoftBank for dropping $3 billion tender offerA 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"..
Also reported by •Reuters
SoftBank CEO Son's coronavirus poll shows 80% favor state of emergencyMore 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..
SoftBank Group withdraws $3 bil. tender offer plan for WeWorkSoftBank 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..
SoftBank terminates $3 billion WeWork tender offerSoftBank 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..
SoftBank to abandon $3 billion deal for additional WeWork sharesJapan'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..
Also reported by •NYTimes.com
Softbank-backed satellite startup OneWeb files for bankruptcyNew 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..
SoftBank to buy back $41 billion in assets to trim debtBANKGOK (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...
WeWork board's special committee prepares for fight against SoftBankThe 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..
Exclusive: Indonesia considers 2032 Olympics bid for new capital city with SoftBank's helpIndonesian 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..
SoftBank communications chief Gary Ginsberg takes leave to aid Bloomberg campaign: sourcesGary 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..
T-Mobile, Sprint amend merger terms, SoftBank takes a hitT-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..
SoftBank spends $2.5 billion to get second Vision Fund off the ground: sourcesSoftBank 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..
SoftBank’s quarterly profits erased on losses in vision fundTokyo — 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..
Hedge fund Elliott Management builds $3 billion stake in SoftBank: sourcesHedge 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..
Exclusive: SoftBank leads latest Alto Pharmacy funding round at over $1 billion valuationSoftBank'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..
WeWork inks office space deal with SoftBank-backed Gympass: sourcesWeWork 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..
Japan arrests ex-SoftBank employee suspected of spying for RussiaTokyo: 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..
SoftBank's $3 billion WeWork financing talks stall with Japan banks: sourcesSoftBank 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..
SoftBank’s China strategy wobbles as key bets disappointFor SoftBank Group Inc , financial technology firm OneConnect's IPO should have been a vindication of an aggressive China investing strategy.
SoftBank's Son sticks with gut-led investing in chat with Alibaba's MaWeeks 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..
Also reported by •Reuters