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The Latest Breaking News from SoftBank Group Corp

Jack Ma, Warren Buffett Backed Paytm Looks To Breakeven Soon: Bloomberg

Paytm, backed by SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) and Alibaba Group Holding Ltd's (NYSE:BABA) fintech affiliate Ant Group, looks to break even on an operating basis over the next year-and-a-half, Bloomberg reports. The Indian digital payments pioneer doubled its gross merchandise value to $34.3 billion in the March quarter. Paytm looks to become profitable in…

SoftBank Loses Vision Fund Leader; Continues To Liquidate Portfolio

SoftBank Loses Vision Fund Leader; Continues To Liquidate Portfolio

Ron Fisher looked to depart as the head of SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) Vision Fund and Chair and director of SoftBank Investment Advisors U.S. on April 15, Bloomberg reports. Fisher would remain a senior advisor to SoftBank's founder and CEO, Masayoshi Son. Fisher left SoftBank's board in 2021. Fisher began working with…

South Korean Chipmaker Weighs Arm Takeover Options

South Korean Chipmaker Weighs Arm Takeover Options

South Korean chipmaker SK Hynix Inc (OTC:HXSCL) CEO admitted to weighing a consortium to acquire British semiconductor company Arm Ltd, Reuters reports citing Yonhap news agency. “I don’t believe Arm is a company that could be bought by one company,” SK Hynix Vice-Chair and co-CEO Park Jung-ho admitted, FX Empire reports. SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) looked…

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Here's How Arm Looks To Speed Up Its US IPO

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF)-owned Arm Ltd, looks to transfer shares in its China joint venture to a SoftBank special purpose vehicle to speed up its U.S. IPO, the Financial Times reports. SoftBank will hold 28% of Arm China after the transfer, Bloomberg reports. Arm will hold less than 20% of Arm China and treat it…

China Tech's Dwindling Fortunes Fuel More Alibaba Stake Selloff Speculations By SoftBank

The dwindling fortunes of the Chinese tech shares have prompted concerns over Alibaba Group Holding Ltd (NYSE:BABA) stake selloff by SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF), the Wall Street Journal reports. SoftBank's single most significant investment in the e-commerce giant was hit hard by the domestic crackdown. The Nasdaq Golden Dragon China Index of U.S.-listed Chinese stocks…

This SoftBank-Owned Japanese Social Media Giant Is Launching An NFT Marketplace

LINE, co-owned by the Masayoshi Son-led SoftBank Group Corp (OTC: SFTBY), is all set to launch a non fungible token (NFT) marketplace.

Nvidia Weighs Intel As Chip Making Foundry

NVIDIA Corp (NASDAQ:NVDA) looked to explore Intel Corp (NASDAQ:INTC) as a foundry for making its chips, Reuters reports citing CEO Jensen Huang. “They’re interested in us using their foundries. We’re very interested in exploring it,” Huang said. However, foundry discussions take a long time as it’s about integrating supply chains and not like “buying milk.”…

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Pear Therapeutics, SoftBank Team On Sleep/Wake Disorder Therapeutic For Japanese Market

Pear Therapeutics, SoftBank Team On Sleep/Wake Disorder Therapeutic For Japanese Market

Pear Therapeutics Inc (NASDAQ: PEAR) has agreed with SoftBank Group Corp (OTC: SFTBY) to develop a Japanese-language digital therapeutic for sleep/wake disorders for the Japanese market.

Microsoft Joins Other Investors In Raising Funds For This Blockchain Start-up

Microsoft Joins Other Investors In Raising Funds For This Blockchain Start-up

Blockchain start-up ConsenSys raised $450 million in a new round of funding that more than doubled its valuation to $7 billion, CNBC reports. Joseph Lubin founded ConsenSys. Lubin was also the co-founder of Ethereum, the blockchain platform behind ether, the second-biggest cryptocurrency. ConsenSys' most popular products include the MetaMask cryptocurrency wallet and Infura,…

SoftBank Founder Boosts Collateral To 33% Of Stock As Stock Prices Sink

SoftBank Founder Boosts Collateral To 33% Of Stock As Stock Prices Sink

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son has raised the collateral stock to financial institutions as its shares plunged over 2021, Bloomberg reports. Son boosted the stock pledged as collateral to ~33% of his stake or 153.3 million shares in SoftBank as its shares sank 60% from their peak last year.…

Japan Fashion Magnate Maezawa Buys ‘Affectionate’ Robot Venture

Japan Fashion Magnate Maezawa Buys ‘Affectionate’ Robot Venture

Japanese fashion magnate Yusaku Maezawa is buying robotics startup Groove X, which makes an "affectionate" companion robot, saying on Tuesday he was drawn by its ability to "make people feel happy". A fund owned by Maezawa has taken a majority stake in the startup, founded by an alumni of SoftBank…

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Meta, SoftBank Backed Indian Startup Targets IPO; Exploring Indian and US Exchanges

Meta, SoftBank Backed Indian Startup Targets IPO; Exploring Indian and US Exchanges

Facebook parent Meta Platforms Inc (NASDAQ:FB) and SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) Vision Fund 2 backed Indian startup, Meesho, looks to go public in early 2023, Reuters reports. The Bengaluru-based social commerce platform is rooting for a listing by the end of 2022. Meesho is evaluating both Indian and U.S. exchanges. Resellers on the company's…

WeWork's Empty Chair Sparks Speculation Of Founder Adam Neumann's Return: Bloomberg

WeWork's Empty Chair Sparks Speculation Of Founder Adam Neumann's Return: Bloomberg

WeWork Inc (NYSE:WE) is yet to fill the Chair position since Marcelo Claure's exit in January, Bloomberg reports. Claure, SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) former COO, had held that position since the Japanese conglomerate rescued WeWork from near-insolvency in 2019. Claure resigned in January from SoftBank, the biggest investor in WeWork. Adam Neumann can…

Here's Why Jefferies Sees More Alibaba Stake Sale By SoftBank

Here's Why Jefferies Sees More Alibaba Stake Sale By SoftBank

SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) sold 20 million Alibaba Group Holding Ltd (NYSE: BABA) shares in the last quarter and "

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Read The Latest Update On SoftBank's Arm IPO

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) banks jostled for roles on a potential IPO of Arm Ltd to underwrite a margin loan of about $8 billion, Bloomberg reports. Banks plan to pitch IPO valuations for Arm of upward of $50 billion. Related Content: SoftBank Looks To List Arm In US, Ditching Its Home Market Arm is…

SoftBank-Owned Arm Faces China Roadblock After Nvidia

SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) U.K. chip designer Arm Ltd's escalating battle at its renegade China unit has jeopardized its IPO ambitions, the Financial Times reports. The joint venture head, Allen Wu, has launched a third legal case against Arm China through one of his shareholder companies. Wu's latest case aims to get reappointed…

SoftBank Looks To List Arm In US, Ditching Its Home Market

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) CEO Masayoshi Son looks to list British chip designer Arm Ltd in the U.S., shunning its home market, CNBC reports. Son aims for a "big IPO" and looks to publicly list Arm on the tech-focused Nasdaq stock market within the fiscal year ending March 31, 2023. Roughly…

Here's Why Citi Is Still Bullish On Nvidia Despite Arm Deal Fall Out

Citi analyst Atif Malik reiterated a Buy rating on Nvidia Corp (NASDAQ:NVDA) with a $350 price target. The price target implies an upside of 41.5%. The re-rating follows Nvidia's termination of the planned acquisition of SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) ARM Ltd due to significant regulatory challenges to closing the deal. The Street largely expected that the…

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SoftBank Aims For Arm IPO After Nvidia Dumps Takeover Plans

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) aims for an initial public offering for Arm Ltd. Nvidia Corp's (NASDAQ:NVDA) just abandoned the proposed acquisition of the chip designer amid fierce opposition from regulators and customers. SoftBank will keep a $1.25 billion breakup fee with the deal's termination. Related Content: Nvidia Quietly Looks To Dump Its Arm Ambitions SoftBank looks for…

SoftBank Clocks 6% Revenue Growth In Q3

SoftBank Group Corp (OTC:SFTBY) reported a third-quarter FY21 revenue growth of 6% Y/Y to ¥1.6 trillion. Arm revenue grew 20.6% Y/Y to ¥66 billion. The gross profit expanded 12.5% Y/Y to ¥841.9 billion. SoftBank's net income declined 95.1% Y/Y to ¥59.2 billion. EPS was ¥11.43. Softbank generated ¥2.4 trillion in operating cash flow…

Why Are SoftBank Shares Trading Lower Today?

SoftBank Group Corp (OTC:SFTBF) (OTC:SFTBY) COO Marcelo Claure is in advanced negotiations to depart after clashing with founder Masayoshi Son over his compensation and responsibilities, Bloomberg reports. Claure agreed to sell a majority stake in his cellphone distributor to SoftBank in 2013, becoming one of Son’s top lieutenants and a billionaire in…

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