Softbank Group Stock News

Nikkei appears lower after Omicron concerns; SoftBank drops On Friday, Japans Nikkei share slipped, pulled down by drops in SoftBank Group, as investors evaluated the influence of the new Omicron strain. The Nikkei share average fell 0.23% to 27,693.35 by the midday break, after climbing as much as 0.4%. The index appears to experience a [] The post Nikkei appears lower after Omicron concerns; SoftBank drops appeared first on FinanceBrokerage .

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Ian King / Bloomberg : Analysis: SoftBank could lose ~$74B if the Nvidia-Arm deal is blocked; an IPO for Arm would likely value it well below Nvidia''s offer — - U.S. antitrust enforcers seek to block sale of Arm to Nvidia — SoftBank faces potentially less lucrative Plan B: an Arm IPO

San Francisco, Dec 3 (IANS) The Federal Trade Commission (FTC) is suing to block Nvidias $40 billion acquisition of Arm from Softbank on antitrust grounds, media report says. According to CNBC, the deal has faced scrutiny from regulators since it was announced last year. The US action is the biggest hurdle it has faced yet [] The post FTC sues to block Nvidias $40 bn acquisition of Arm: Report appeared first on Buziness Bytes .

SoftBank Group has invested $14 billion in India so far, from making an initial $5 billion investment commitment to Narendra Modi during his first Japan visit as the Prime Minister, the Japanese conglomerate''s chief Masayoshi Son said.

Outlining SoftBank''s commitment to India, Son said this year alone, the group has invested USD 3 billion in the country.

SoftBank''s shares fell to as low as 5,423 yen ($47.89) on Friday, before settling slightly higher but with losses of 23% over three weeks.

Highlights Grab made a dismal debut on the tech-heavy Nasdaq exchange after a successful SPAC merger with Altimeter Growth Corp. The $40 billion merger has potentially paved the way for more regional offerings in the future. Under the ticker symbol "GRAB , the Class A common stock of the company start trading on the Nasdaq on 2 December 2021. The largest ride-hailing and delivery company across Southeast Asia, Grab Holdings Inc., made a dismal debut on the tech-heavy Nasdaq exchange. Under the ticker symbol "GRAB , the Class A common stock of the company started trading on the Nasdaq on 2 December 2021 and dropped down by 21%, hitting $8.75 on the first day of trading, with its market cap standing at $34.6 billion. The opening price of its shares was $13.06 on Thursday, which was up by 19% on Wednesday, but it plunged as the trading progressed. The Southeast Asian startup went for a listing after its successful special purpose acquisition company (SPAC) merger with Altimeter Growth Corp.

SoftBank is among the most bullish investors in Indian startups having backed large startups like Paytm, Ola, Grofers, Oyo and others.

The Federal Trade Commission on Thursday sued to block graphics chip maker Nvidias $40 billion purchase of chip designer Arm, saying the deal would create a powerful company that could hurt the growth of new technologies. Nvidia Corp., based in Santa Clara, California, said in September 2020 that it was buying United Kingdom-based Arm Ltd. from Japanese technology giant Softbank to create the worlds premier computing company for the age of AI." But the deal immediately raised concerns that Arm would abandon its business model of licensing chip designs to hundreds of tech companies, including many of Nvidias competitors. Arm''s chip designs power many of the world''s smartphones. The FTC is suing to block the largest semiconductor chip merger in history to prevent a chip conglomerate from stifling the innovation pipeline for next-generation technologies, FTC Bureau of Competition Director Holly Vedova said in a news release. This proposed deal would distort Arms incentives in chip markets and allow the combined firm to unfairly undermine Nvidias rivals. The deal would give the combined company control over technology that rival firms need to develop their own chips, the FTC alleged.

The United States Federal Trade Commission today announced that it has filed a lawsuit to block Nvidia from acquiring Arm in a deal worth $40 billion. According to the FTC, the deal would give Nvidia, one of the largest chip companies, control over computing technology and designs that rival firms rely on to develop competing chips. The FTC believes an acquisition would stifle "innovative next-generation technologies." The combined firm would be able to "unfairly undermine" Nvidia''s competitors. "The FTC is suing to block the largest semiconductor chip merger in history to prevent a chip conglomerate from stifling the innovation pipeline for next-generation technologies," said FTC Bureau of Competition Director Holly Vedova. "Tomorrow''s technologies depend on preserving today''s competitive, cutting-edge chip markets. This proposed deal would distort Arm''s incentives in chip markets and allow the combined firm to unfairly undermine Nvidia''s rivals. The FTC''s lawsuit should send a strong signal that we will act aggressively to protect our critical infrastructure markets from illegal vertical mergers that have far-reaching and damaging effects on future innovations." Nvidia''s plan to acquire Arm from SoftBank was announced back in September 2020 .

Illustration by Alex Castro / The Verge Nvidias $40 billion acquisition of Arm just ran into another massive hurdle: the Federal Trade Commission, which announced today that its suing to block the merger from going through due to concerns that the combined companies would stifle competing next-generation technologies. The suit comes after an FTC investigation into the deal following complaints from Google, Microsoft, and Qualcomm shortly after the merger was announced. The FTC is suing to block the largest semiconductor chip merger in history to prevent a chip conglomerate from stifling the innovation pipeline for next-generation technologies, said FTC Bureau of Competition director Holly Vedova in a statement. Tomorrows technologies depend on preserving todays competitive, cutting-edge chip markets. This proposed deal would distort Arms incentives in chip markets and allow the combined firm to unfairly undermine Nvidias rivals. The FTCs lawsuit should send a strong signal that we will act aggressively to protect our critical infrastructure markets from illegal vertical mergers that have far-reaching and damaging effects on future innovations. Another major regulatory roadblock for Nvidia and Arm The FTCs complaint notes that Nvidia already uses Arm-based products for several areas, including high-level advanced driver systems for vehicles, Arm-based CPUs for cloud computing, and DPU SmartNICs (networking products used in datacenters).

Glorify, a Christian faith-based app for worship and meditation, has raised $40 million in funding from investors including SoftBank Latin America Fund, Silicon Valley heavyweight Andreessen Horowitz, and reality TV star Kris Jenner, Corey Gamble, Michael Ovitz, Michael Bublé, Jason Derulo, [] The post SoftBank and celebrities back a $40 million investment in Christian worship and meditation app Glorify appeared first on Tech News | Startups News .

The SoftBank Vision Fund 2 investment values Zepeto at more than $1 billion.

Founded in 2020, the app provides faith-based meditation to subscribers via inspirational quotes, worship routines and short Bible extracts.