Softbank Group Stock News

Arm Ltd., the British chip maker owned by Japan's SoftBank Group Corp., confidentially filed for its long-awaited initial public offering over the weekend.

SoftBank Group Corp's chip maker Arm Ltd has filed with regulators confidentially for a U.S. stock market listing, people familiar with the matter said on Saturday, setting the stage for this year's l

Just last year, SoftBank was flying high, borrowing against its wildly lucrative stakes in tech investments such as Alibaba Group Holding Ltd. and plowing the money into the promising upstarts of tomorrow

Softbank managing partner Munish Ravinder Varma has resigned from the board of the digital financial services company One97 Communications, which operates under the Paytm brand, and PB Fintech,…

The cost of insuring against a default in SoftBank Group Corp''s debt hit a two-year high on Wednesday and its bond yield also climbed as sharp drops in the value of its tech investments have unnerved investors.

Masayoshi Son, SoftBank Group Corp.''s billionaire founder, checks the chart. Then again. Another time. And once more for good measure

From China’s tech crackdown to Russia’s invasion of Ukraine, inflation to the markets, a litany of troubles has beset Masayoshi Son and his conglomerate.

The cost of insuring against a default in SoftBank Group Corp''s debt rose to hit the highest in two years and its bond yield also climbed as the slumping value of the Japanese conglomerate''s tech investments unnerved investors.

SoftBank''s Masa Son Sees $25 Billion Evaporate Amid Crushing Tech Selloff The recent selloff in markets has been hard for a lot of investors, but SoftBank''s Masayoshi Son has probably seen more of his net worth evaporate than any other billionaire besides Facebook''s Mark Zuckerberg. According to Bloomberg , the SoftBank billionaire has seen his net worth fall by $25 billion over the past year, to just $13.5 billion today. While it doesn''t come close to the $70 billion he lost during the dotcom implosion, it''s still a massive sum. It looks like we were on to something back in 2019 when we posited that SoftBank might be the tech bubble era''s "short of the century". Of course, what''s even more problematic than Softbank''s paper losses is the firm''s loan-to-value ratio. During the good times, SoftBank leveraged up and used the money to invest in more tech stocks. Source: Bloomberg Now, the stocks that it has borrowed against - most notably the firm''s massive holdings in Alibaba, which has been one of the hardest-hit stocks during the selloff in Chinese stocks.

Shift (SFT) will acquire certain assets of Fair Technologies for a combination of cash and Shift''s class A shares.Concurrently, SFT entered into a commitment letter with SoftBank…

Softbank managing partner Munish Ravinder Varma has resigned from the board of the digital financial services company One97 Communications, which operates under the Paytm brand, and PB Fintech, according to regulatory filings by both companies on Tuesday.

The British company will shed 12 per cent to 15 per cent of staff in the UK and the US, Chief Executive Officer Rene Haas said in a memo to staff, according to a person familiar with the matter

SoftBank Group Corp (OTC: SFTBY ) (OTC: SFTBF )-owned Arm Ltd looks to slash 15% of its workforce as it prepares for its initial public offering, Bloomberg reports . Arm aims to trim 12% - 15% of U.K. staff to control spending and … Full story available on Benzinga.com

Widely regarded as the jewel in the crown of the U.K. tech sector, Arm employs employs around 6,400 people worldwide.

Arm, a UK-based semiconductor company owned by SoftBank (SFTBY) intends to trim up to 12% to 15% of its workforce in the U.S. and the U.K