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The Latest Breaking News from SoftBank

Silicon Valley and Saudi Arabia are still closely intertwined despite age-old controversy

Nearly 40 venture firms, from Andreessen Horowitz to Craft Ventures to Techstars, have accepted money from Saudi Arabia’s sovereign wealth fund.

Fortune

Arm’s move to New York is a bitter pill to swallow -- London must learn a vital lesson

Russ Shaw, founder of Tech London Advocates, explains why the odds were never really in the City’s favour

Evening Standard

THG's Matthew Moulding brands London Stock Exchange 'incredibly tough place' as he backs Arm's US move

In January, Rishi Sunak reportedly restarted talks with SoftBank to persuade it to list the computer chip maker in London

Birmingham Post

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London loses Arm wrestle with New York as tech giant heads to the US in blow to the City

The re-listing of shares in Cambridge-based Arm Holdings will be on the Nasdaq not the FTSE

Evening Standard

Inside Microsoft's strategy shift at venture arm M12

As Microsoft angles to beat rivals in hot areas like A.I., it's redesigning its venture arm to cleave more closely to the mothership. But the new direction has prompted some tough conversations.

Fortune

UK chip designer Arm chooses US-only listing in blow to Rishi Sunak

PM had held talks with firm’s owner SoftBank in effort to make London first choice for tech flotations

The Guardian - UK

70% of dealmakers say that investment managers share culpability for FTX

Investors have historically been made out to be victims in court when a startup implodes. But investors think VC firms share some responsibility.

Fortune

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Matthew Moulding praises SoftBank after THG signs AutoStore Systems deal

SoftBank sold its entire stake in THG to Mr Moulding and Qatar Investment Authority, the country's sovereign wealth fund, in October 2022

Birmingham Post

City watchdog may ‘ease rules’ in order to secure $40bn Arm listing

Officials locked in talks with tech firm’s Japanese owner, SoftBank, according to Sunday Times report

The Guardian - UK

THG lowers profit expectations despite record sales after £100m cost cutting

THG confirmed that a further £30m of savings are to be found this year

Birmingham Post

Future of THG's Manchester Airport plans up in the air after £70m loan cancelled

The deal with Trafford Council was first announced at the start of 2020

Manchester Evening News

THG's £70m loan to build new headquarters cancelled

The deal was first announced in January 2020

Birmingham Post

Elon Musk Breaks Guinness World Record For Largest Fortune Loss

Elon Musk made it to the Guinness World Records for the "largest loss of personal fortune:" from $340 billion in November 2021 to $137 billion in January 2023.

InsideEVs

Rishi Sunak restarts talks on London listing for UK tech firm Arm

Japanese investor SoftBank thought to favour New York for computer chip designer’s IPO

The Guardian - UK

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Fortune

The 10 biggest crypto funding rounds of 2022

How much did Crypto Winter freeze venture funding?

Benzinga

SoftBank Can't Catch A Break: Fund Invested $100M In FTX

Japanese conglomerate holding company SoftBank is positioned to take a big hit from its investments in bankrupt cryptocurrency exchange FTX. The FTX losses are just the latest in a long string of disastrous investments for SoftBank in recent years that have resulted in billions of dollars of losses.

Birmingham Post

Rollercoaster year for Matthew Moulding's THG continues as shares recover from historic low

The Manchester-based online retailer owns Lookfantastic, Cult Beauty and MyProtein

The Independent UK

Japan's SoftBank returns to profit as investments rebound

Japanese technology investor SoftBank Group has reported a 3 trillion yen, or $21 billion, profit for the July-September quarter, a sharp reversal from its loss a year ago

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Manchester Evening News

Tech investment giant SoftBank sells entire THG stake to Matthew Moulding and Qatar

The move comes after a $1.6bn deal that would have seen SoftBank take a near 20% stake in a major division of THG was abandoned in July

The Guardian - UK

THG shares rise after SoftBank sells stake to Moulding and Qatar

Founder of online shopping group cements control as Japanese firm offloads its holding at £450m loss

Birmingham Post

SoftBank sells entire THG stake to Matthew Moulding and Qatar

THG said it will receive £31m in proceeds after agreeing to sell 67.8 million shares to Qatar Investment Authority

Evening Standard

SoftBank cuts 150 jobs as investments plummet

It comes just weeks after the firm posted a staggering $23 billion (£19 billion) net loss

Financial Times

Why the value of my second-hand Toyota has risen tenfold in Japan

With new cars in short supply, AI is shaping a booming second hand market

Benzinga

Top Financial Media Stories Friday, September 16: Uber Internal Systems Hacked By A Teenager, Germany Takes Control of Oil Refineries Owned by Russia's Rosneft, Kanye West End Apparel Partnership with Gap And More..

New York Times

The Guardian - UK

Truss and Kwarteng in fresh push to persuade SoftBank to list Arm in UK

Cambridge-based chip designer’s owner prefers US to London but PM and chancellor aim to revive talks

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