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Japan's SoftBank posted a wider-than-expected September-quarter loss, and its single largest investment, Arm Holdings, is falling in value
Tech conglomerate and investor SoftBank has lost $14.4 billion so far on WeWork. The office-sharing firm filed for bankruptcy earlier this week.
A new boom in AI could be a tailwind. But the company may struggle to fully take advantage—unless it can repair reputational damage from the last big tech bust.
The Japanese tech investor sank deeper into the red as it reported write-downs related to the bankruptcy of office-sharing company and technology shares stayed under pressure.
SoftBank Group on Thursday booked a quarterly loss of 789 billion yen ($5.22 billion), marking its fourth straight quarter in the red, as investment losses offset proceeds from the initial public offe
SoftBank posted an investment gain on its Vision Fund in the fiscal second quarter but booked another quarterly loss.
Court papers reveal Japanese conglomerate transferred money less than a week before office rental group filed for bankruptcy
Masayoshi Son's is in focus on Wall Street because of his support of WeWork Inc., whose bankruptcy is a blow to the finances and credibility of the Japanese billionair'es SoftBank Group Corp. Bloomber
The office sharing start-up was once valued at $47 billion.
WeWork , the SoftBank Group -backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using more of its
Japan's SoftBank Corp's bond-type shares were listed on the Tokyo Stock Exchange on Thursday in the first such listing in Japan, raising a total of 120 billion yen ($799 million) on strong retail and
South Korea's SK Hynix Inc , the world's second-largest memory chip maker, said on Wednesday it has not approached Japan's SoftBank Group for a partnership concerning a possible deal with memory chipm

Arm Holdings becomes SoftBank's core asset

02:25pm, Monday, 09'th Oct 2023
CNBC's Deirdre Bosa joins 'The Exchange' to discuss bullish reception for Arm's IPO, what the ARM IPO performance means for SoftBank, and the royalties Arm gets from licensing its IP.
SoftBank Group is likely to sell shares worth up to $105 million in India's PB Fintech via block deals, CNBC-TV18 reported on Thursday, citing sources.
“It would be sad to be on the side that gets left behind, like an old, shuttered high street,” he said, and called on Japanese companies to “wake up” to his vision of a future led by AI.
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