SoftBank Will Take Arm Public After $40B Deal by Nvidia Collapses
(WSJ) Softbank says it will pursue a public listing of its UK-based chip entity Arm following a collapse of the blockbuster $40 billion deal by Nvidia. The decision to call…
SoftBank Tumbles as China’s Regulators Advise Didi to Exit US Public Markets
(Bloomberg) Shares of SoftBank Corp. fell more than 5% in Tokyo as the Cyberspace Administration of China asked Didi Global Inc. to come up with a plan to delist from…
SoftBank’s Net Profit Drops 39% in Q2 Amid Sale of Major Stock Holdings
(Softbank Group Corp.) SoftBank reported a net income of 762 billion Japanese yen in the second quarter of the year, a drop of 39% compared to the same period last…
Credit Suisse Cuts Lending Relationship with SoftBank as Business Gets Sour
(WSJ) Credit Suisse has ended a long-term lending relationship with SoftBank Group and its CEO Masayoshi Son. The decision for the two institutions to slash lending relationships is due to…
SoftBank Posts Record 4.99T Yen Profit in FY20, the Largest by a Japanese Company
SoftBank posted a record group profit of $45.88 billion or 4.99 trillion yen in the year ended March, according to the company’s press release. The annual earning is the largest…
SoftBank-Backed Grab Listing Through SPAC in an Almost $40 Billion Deal
Ride-hailing giant Grab is set to list through an SPAC merger with Altimeter Growth Corp., according to CNBC. Grab will receive about $4.5 billion in cash, which includes $4 billion…
SoftBank Boosts Push in Public Companies with $1.2 Billion Investment in Invitae
SoftBank Group Corp. is expected to lead an investment of almost $1.2 billion into genetic-testing provider Invitae Corp., according to the Wall Street Journal. The investment, in the form of…
SoftBank-Backed Coupang Targets $58 Billion Valuation on Debut in Raised IPO Price
South Korea’s Coupang Inc. is seeking a valuation of more than $58 billion in the U.S stock market debut, according to Reuters. The valuation reflects a stock offering of between…
Softbank Cuts Stake in 24 Companies. September’s Portfolio Value Falls to $12.92 Billion
Softbank's September ending portfolio value fell to $12.92 billion from $17.52 billion after reducing its holding to only 4 companies, down from 26 firms at the end of Q2, according…