LATEST SOFTBANK NEWS

Southeast Asia's Most Valuable Startup Grab Mulls $2B US IPO: Reuters SoftBank Group Corp (OTC: SFTBY)-backed ride-hailing firm Grab is looking to go public in the United States in 2021, Reuters reported read more....

benzinga.com
Uber surges over 7% to touch record highs as SoftBank announces it sold $2 billion in stock SoftBank announced that it had sold $2 billion in Uber stock at an average price of $53.46 per share on January 7.....

BusinessInsider
Lemonade shares fall 9% after online insurance provider announces secondary stock offering Lemonade, which is backed by SoftBank, focuses on digitizing the process of obtaining homeowners and renters insurance.....

BusinessInsider

SoftBank Dumps $2B Worth Of Uber Shares After Stock's Rally SoftBank Group Corp's (OTC: SFTBY) Vision Fund has disposed of $2 billion worth of Uber Technologies Inc (NYSE: UBER) common stock shares last week, as reported earlier by read more....

benzinga.com
Grab seeking US$750m term loan, revenue jumps 70% in 2020 SINGAPORE: Southeast Asian ride-hailing and food delivery firm Grab is seeking a US$750 million (RM3 billion) term loan, a term sheet showed on Monday after it announced that total group net revenue jumped by about 70% year-on-year in 2020 and had recovered to comfortably above pre-pandemic levels.....

TheSunDaily.my
This video of Boston Dynamics robots dancing is so incredible Boston Dynamics has released a new video of its robots' impressive capabilities -- this time, showing off their dance moves. The new video released by Boston Dynamics shows its Atlas, Spot, and Handle robots dancing in sync to the song Do You Love Me. Boston Dynamics' videos depicting it....

bgr.com

SoftBank joins Wall Street's latest craze in hunt for acquisitions SoftBank wants in on one of Wall Street's hottest trends as it looks to beef up its tech portfolio once again.....

CNN
SoftBank To File For First SPAC IPO Today, Seeking To Raise Up To $600M: Axios SoftBank Group Corp. (OTC: SFTBY) will be filing for an initial public offering of its first special purpose acquisition company on Monday, Axios reports. read more....

benzinga.com
Hyundai acquires Boston Dynamics for $1.1billion – The motive explained Kicking off as a Massachusetts Institute of Technology spinoff way back in 1992, Boston Dynamics founded by Marc Raibert, professor of Electrical Engineering and Computer Science at MIT, has come a long way ever since. Google bought the company in 2013 as a part of its X research and development win....

slashgear.com

Hyundai acquires robotics company Boston Dynamics in $1.1 billion deal Hyundai has officially confirmed rumors that have been flying around since November. It has acquired a controlling interest in robotics company Boston Dynamics. Under the terms of the agreement, Hyundai will hold an approximately 80 percent stake in Boston Dynamics, while previous owner SoftB....

Mashable
Hyundai dropped $1.1 billion for 80 percent of Boston Dynamics Automaker Hyundai Motor Group has announced it has completed a deal to acquire a controlling interest in robotics manufacturer Boston Dynamics. The deal is costing Hyundai $1.1 billion and gives the automaker group approximately an 80 percent stake in Boston Dynamics. SoftBank retains a roughly 20 p....

slashgear.com
Hyundai bought Boston Dynamics for nearly $1B — now build a walking car! At the start of last November, reports surfaced that Korean carmaker Hyundai was in talks to buy Boston Dynamics, the company that makes those robot dogs that will probably lead the charge when the machines rise up. Now, various reports confirm that a deal has been reached, and it will see Hyundai t....

TheNextWeb.com

SoftBank Contemplates Going Private Using 'Slow-Burn' Buyout: Bloomberg Japan's SoftBank Group Corp. (OTC: SFTBY) is considering going private by gradually buying back stock until founder Masayoshi Son has a significant enough stake to squeeze out the remaining investors, read more....

benzinga.com
Uber For Trucks — Manbang — Piles On Another $1.7B Funding Over Google, SoftBank's, Ahead Of Highly-Anticipated IPO SoftBank Group Corp (OTC: SFTBY)-backed Manbang, a trucking startup, raised $1.7 billion in its latest funding round, TechCrunch reported Tuesday. read more....

benzinga.com
SoftBank CEO says he doesn't understand bitcoin, and watching the price fluctuate was 'distracting my focus on my own business' The SoftBank CEO invested close to $200 million of his own money into bitcoin, but quickly grew tired of watching its price rise and fall daily.....

BusinessInsider

Japanese SoftBank Negotiating new Investment That Could Convert Brazilian MadeiraMadeira Into Unicorn RIO DE JANEIRO, BRAZIL - The Japanese SoftBank Group is among the current MadeiraMadeira investors that is negotiating a new round of investments of US$120 (R$660) million, in a transaction that will confer to the company the unicorn status, according to a source with knowledge on the subject. Home ....

TheRioTimes.com
After losing billions on WeWork investments, SoftBank CEO Masayoshi Son says he still loves and respects ousted founder Adam Neumann SoftBank reportedly invested over $18 billion in WeWork, the coworking startup that in 2019 ousted founder and CEO Adam Neumann after its failed IPO.....

BusinessInsider
Softbank CEO Masayoshi Son says he feels 'so stupid' for passing up early opportunities to invest in Tesla and Amazon SoftBank's CEO wanted to invest $100 million for 30% of Amazon, but Bezos argued Amazon was worth $350 million. Now, it's worth over $1.5 trillion.....

BusinessInsider

Softbank CEO Masayoshi Son racked up a $3.7 billion loss trading daily moves in tech stocks — and the risky investments are fueling concern with the company's second-biggest shareholder Hedge fund Elliott Management advised SoftBank executives as the company rebounded from a spring slump. Yet Son's trades are driving new tension.....

BusinessInsider
Japanese Group Approves Investment Fund of Over US$2 Billion in Brazil RIO DE JANEIRO, BRAZIL - Among changes in the board of directors and even a potential change of headquarters, the Japanese conglomerate Softbank has given its investment fund managers approval to allocate US$ 3 billion in the region. Around 70 percent of this sum should come to Brazil, amounting to ....

TheRioTimes.com
Hyundai Motor mulls acquiring US robotics firm from Softbank: reports Hyundai Motor Co., South Korea's biggest carmaker by sales, is in talks with Softbank Group Corp. to acquire a US-based robotics company for $1 billion, news reports said Tuesday, as it increases investments in future mobility solutions. Hyundai Mo....

KoreaHerald.com

SoftBank's Vision Fund Drives Q2 Profit SoftBank Group Corp (OTC: SFTBY) reported a staggering 253.1% year-over-year growth in net income to ¥1.87 trillion (roughly $18.1 billion) for the read more....

benzinga.com
Japan's SoftBank back in the black as investments improve TOKYO (AP) — Japanese technology company SoftBank Group Corp. said Monday it restored its profitability in the last quarter as its investments improved in value. The Tokyo-based company reported a 627 billion yen, or about $6.1 billion, profit in July-September, compared with a loss of 700 bill....

NewsOK.com
SoftBank books $1.3 bln loss from tech stock speculation TOKYO: Japan's SoftBank Group Corp on Monday reported a 131.7 billion yen ($1.27 billion) loss from speculation on technology stocks after an attempt to diversify using its massive cash pile backfired.Chief Executive Masayoshi Son in August said the firm would park excess cash from asset monetisatio....

TheSunDaily.my

SoftBank Group restarts dividend as finances stabilize SoftBank also said it had completed the sale of U.S. cellphone distributor Brightstar as it cuts ties to the telecoms industry to focus on investing....

FoxBusiness.com
SoftBank Plans To Unveil SPAC In Two Weeks SoftBank Group Corp. (OTC: SFTBY) Vision Fund CEO Sanjeev Misra said that the Japanese group has plans to launch a special purpose acquisition company in the coming two weeks, Axios reported Monday. read more....

benzinga.com
SoftBank Vision Fund preparing blank cheque acquisition company - source TOKYO: SoftBank Group Corp's Vision Fund is preparing to launch a blank cheque acquisition company and will outline plans in the next two weeks, a source familiar with the matter said, following similar reported comments by the fund's head Rajeev Misra.SoftBank is looking to attract outside investme....

TheSunDaily.my

NVIDIA Arm acquisition might be blocked by UK government Japanese conglomerate SoftBank has been looking for someone to its semiconductor designer Arm and although it finally settled on NVIDIA, that deal may still fall through at least in one country. The UK government is reportedly preparing to intervene and block the acquisition if necessary on the grou....

slashgear.com
Softbank's new food service robot Servi could replace waitstaff and food runners at restaurants Softbank is the company behind the humanoid robot Pepper and its new Servi model has already worked at Denny's and other restaurants amid Japan's labor shortage.....

BusinessInsider
Japan's NTT launches ¥4.25 trillion buyout of wireless unit NTT Docomo TOKYO: Japan's Nippon Telegraph and Telephone Corp (NTT) said it will spend ¥4.25 trillion (RM167.3 billion) to take its wireless carrier business private, in a deal that opens the path to lower prices as the government calls for cuts.NTT will launch Japan's largest-ever tender offer for the 34% of....

TheSunDaily.my

WeWork's CMO Roger Solé on reinventing the way the world works after Covid-19 How do you sell workspace when nobody can go to the office? This has been the dilemma that WeWork's new CMO Roger Solé has faced since taking over the role from ad man Maurice Levy in April. Yet, as Solé explains, this tumultuous period has given WeWork some time to reflect on what the future of w....

Thedrum.com
WeWork Gives Away Control Of China Unit To Existing Investors In $200M Deal SoftBank Group Corp (OTC: SFTBY)-owned WeWork is selling a majority of the stake in its Chinese unit to existing investors, Reuters reported early Thursday. read more....

benzinga.com
Asian shares on shaky footing amid elevated valuations, oil skids SYDNEY: Asian shares were on the defensive on Monday as investors grappled with sky-high valuations against the backdrop of a global economy in the grip of a deep coronavirus-induced recession while oil prices dropped sharply.Chinese stocks started lower while shares of Hong Kong-listed Semiconducto....

TheSunDaily.my

Nvidia Purchase Of Arm Faces UK Scrutiny Nvidia Corporation's (NASDAQ: NVDA) purchase of British chipmaker Arm Ltd from SoftBank Group Corp (OTC: SFTBY) is under the scanner of the United Kingdom government, Reuters read more....

benzinga.com
Opendoor to go public via merger in $4.8B deal SoftBank-backed home-selling platform Opendoor is going public through a merger with a blank-check company led by venture investor Chamath Palihapitiya in a deal that will value the combined entity at $4.8 billion, the companies said on Tuesday.....

FoxBusiness.com
3 ETFs For Nvidia's Big Arm Holdings Acquisition News broke Saturday that semiconductor giant Nvidia (NASDAQ: NVDA) is in talks to acquire Arm Holdings, a UK-based chip designer, from Japan's SoftBank Group for $40 billion. read more....

benzinga.com

These are the 7 technology stocks Softbank piled into via call option strategies, report says Softbank told investors that its multi-billion dollar options bet is conservative given that it's concentrated in a group of blue-chip tech stocks.....

BusinessInsider
Nvidia to buy UK chipmaker Arm from Softbank in $40B deal LONDON (AP) — U.S. graphics chip maker Nvidia said it plans to buy U.K.-based Arm Holdings in a deal worth up to $40 billion, in a move that would create a global industry powerhouse. Nvidia and Arm's parent company, Japanese technology giant SoftBank, announced the deal Sunday. Nvidia is ba....

NewsOK.com
Arm Co-Founder On Nvidia Deal: Sale To 'Americans' A 'Disaster' For Europe Arm Ltd. CEO Hermann Hauser openly criticized Softbank Group Corporation's (OTC: SFTBY) sale of the chipmaker to Nvidia Corporation (NASDAQ: NVDA) on Monday. read more....

benzinga.com

SoftBank is selling British chipmaker ARM to Nvidia for $40 billion Nvidia is buying British chipmaker ARM from SoftBank for as much as $40 billion — a total that would make it the largest semiconductor deal ever.....

CNN
Nvidia just purchased ARM for $40 billion No immediate changes to Arm's open-licensing business are planned Update Purchase confirmed Arm Holdings is the company behind ARM processors, which power nearly every smartphone and tablet on Earth. SoftBank purchased Arm i....

androidpolice.com
Nvidia makes record-breaking $40 billion deal to buy Arm from SoftBank Nvidia has announced the biggest, most expensive semiconductor deal in history on Sunday, agreeing to purchase British company Arm Holdings from Japanese conglomerate SoftBank for $40 billion. SoftBank previously bought Arm for $32 billion in 2016 — its largest ever investment at the time, and....

Mashable

SoftBank sells key Apple chip supplier to Nvidia for $40bn 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. The deal is set to reshape the chip industry and heat up competition among semiconductor makers. The Arm.......

cyprus-mail.com
Nvidia Confirms $40B Cash, Stock Deal To Acquire SoftBank Chipmaker Arm Nvidia Corporation (NASDAQ: NVDA) announced Sunday it was acquiring British chipmaker Arm Ltd from SoftBank Group Corp's (OTC: SFTBY) Vision Fund, in a transaction valued at $40 billion. read more....

benzinga.com
Nvidia to buy rival chipmaker Arm from Softbank for $40B Computer graphics chip company Nvidia said it plans to buy Britain's Arm Holdings for $40 billion, in a merger of two leading chipmakers. Santa Clara, California-based Nvidia and Arm's parent company, Japanese technology giant SoftBank, announced the deal Sunday. Nvidia is best known for its g....

NewsOK.com

NVIDIA to officially buy Arm, focus on AI, promises neutrality Putting all speculation to rest, NVIDIA has finally announced that it is making an official bid to acquire Arm Limited from SoftBank. While the final say will be with regulators, this would mean that NVIDIA could soon be the owner of the intellectual property that pretty much powers the world’....

slashgear.com
SoftBank is close to selling off chipmaker Arm to Nvidia in $40 billion a mega-deal SoftBank negotiated the mega-sale to relieve pressure on its flagging stock price and make up for losses.....

BusinessInsider
SoftBank Close To Selling Chip Designer To Nvidia For $40B SoftBank Group Corp. may announce the sale of British chip designer Arm Holdings to Nvidia Corp. (NASDAQ: NVDA) in a cash-and-stock transaction valued at more than $40 billion as early as next week. read more....

benzinga.com

Nvidia is reportedly nearing a deal to purchase ARM The deal could value Arm Limited at around $40 billion Arm Limited is the company behind ARM processors, which power nearly every smartphone and tablet on Earth. SoftBank purchased Arm in 2016, and has been shopping around for potential buyers over the past few months. According to a new report f....

androidpolice.com
Government must safeguard ARM's UK HQ, says Labour Cambridge-based ARM's current owner, Softbank, is in talks to sell the firm to US chip maker Nvidia.....

BBC News
Retail option traders could have also played part in SoftBank's Nasdaq 'whale' bet Sundial Capital Research said retail traders spent almost $40 billion in the last 4 weeks on trades similar to SoftBank's Nasdaq whale trade.....

BusinessInsider

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