Page 8 - Softbank Group

SoftBank sells $1.69 billion of Coupang as Son unloads assets

SoftBank sold 57 million shares at $29.685 on Sept. 14, the company said in a statement to the U.S. Securities and Exchange Commission. The Japanese company is still Coupang's largest shareholder

Edtech firm Eruditus nears $450-mn SoftBank-led funding, valued at $3.2 bn

Some existing shareholders are also offloading about $200 million stake

It's time for SoftBank Group to stop buying and start selling

Net income at the Japanese company dropped 39% for the June quarter, while profit at its eponymous investment unit plunged almost 90% amid a decline in the share prices of key holdings

SoftBank pauses China investing as tech crackdown roils portfolio

SoftBank to wait and see on China, says Chief Executive Masayoshi Son

Top headlines: Cloudtail to stop operations; Oyo gets IPO process going

Business Standard brings you the top headlines this evening

Europe's SoftBank Prosus plays long game to shrink valuation gap

Prosus, Europe's answer to SoftBank and its Vision Fund, is betting that its long-term investments can fill a yawning valuation gap

Shares of SoftBank, biggest investor in Didi, sink after China blocks app

SoftBank fell 5.4% in Tokyo, the most among stocks on Japan's Nikkei 225 Stock Average and the biggest decline since it reported earnings in May.

Arm CEO says Nvidia merger better than becoming standalone public company

Nvidia Corp's proposed $40 bn acquisition of Arm Ltd would better support creation of UK technology jobs than SoftBank Group unit becoming a standalone public company once again, Arm's CEO said

SoftBank CEO Masayoshi Son says share buybacks remain an option for firm

SoftBank Group Corp CEO Masayoshi Son said on Wednesday share buybacks remain an option for the conglomerate, amid a slide in its shares

SoftBank Group seeks $7.5-billion loan secured by planned Arm sale

A loan of that size would be among SoftBank's biggest in dollars, following a record facility recently.

SoftBank Group chief executive Masayoshi Son's pay fell by half last year

The disclosure ahead of SoftBank's annual general meeting on June 23 follows a turbulent year which saw the group pounded by the Covid-19 pandemic before rebounding to record profit

SoftBank-backed Ola strengthens UK Board with senior appointments

Names include luminaries such as S&P Global director Mike Rake who takes over as non-exec chairman and global transport expert Leon Daniels, an independent director

SoftBank Energy India sale: Cautionary tale for foreign companies

Industry execs say ambitious plans couldn't match up to Indian policy environment

SoftBank posts $37-bn Vision Fund profit in Q4 on Coupang, eyes more IPOs

TOKYO (Reuters) -SoftBank Group Corp <9984.T> on Wednesday reported a 4.027 trillion yen ($36.99 billion) fourth-quarter profit at its Vision Fund unit after booking a gain on investment Coupang, underscoring its recovery a year after a record loss.

Softbank Group to invest $450 million in Swiggy at $5.5 billion value

Second funding for food delivery startup in as many weeks

SoftBank to take 40% stake in warehouse robotics firm AutoStore for $2.8 bn

The Japanese company will acquire the stake from funds affiliated with AutoStore's majority shareholder Thomas H. Lee (THL) Partners and other investors

SoftBank Group-backed Compass valued at $8.22 billion in NYSE debut

Shares of SoftBank Group Corp-backed Compass Inc jumped 18% in their stock market debut on Thursday after being priced at the lower end of the reduced initial public offering (IPO) price range

How Masayoshi Son's 'money guy' Lex Greensill went from hero to zero

Son has had to write down his investment, making it among the worst in the history of his Vision Fund, alongside the implosion of WeWork Cos., another SoftBank portfolio company

SoftBank's internet business to invest $4.7 billion in tech over five years

The focus will be on artificial intelligence

SoftBank reaches settlement with ex-WeWork CEO Neumann, ends legal battle

SoftBank Group has reached a settlement with WeWork's special committee and the company's co-founder and former chief executive, Adam Neumann, putting to rest a legal battle dating back to 2019