SoftBank Group reported its biggest ever quarterly net loss of $23bln as a flagship fund was hit by the sell-off in tech stocks.  The Japanese multinational conglomerate holding company said its Soft
Plunging technology valuations dragged down its flagship Vision Fund.
Masayoshi Son, the chief executive of SoftBank Group, which reported quarterly loss of over $23 billion, is worried that the funding winter for startups may linger in the immediate future.
SoftBank posted a 2.93 trillion Japanese yen ($21.68 billion) loss for the June quarter for its Vision Fund. This is its second-largest quarterly loss.
SoftBank Group Corp on Monday posted a 3.16 trillion yen ($23.37 billion) net loss in the April-June quarter.
Sliding valuations in the listed portfolio of SoftBank Group Corp's Vision Fund unit point to more pain for CEO Masayoshi Son when the group reports April-June earnings on Monday as investors go cool
Under pressure amid a market rout, the Japanese technology investor has positioned itself to sharply sell down its Alibaba stake, according to a report.
CEO Masayoshi Son pledged to curb his aggressive investment bets yet plunged into startups last year at the market top. He will have to engineer his next comeback without key lieutenants.
Plans to refloat ARM Holdings plc (LSE:ARM) in London next year have been postponed due to political turmoil in the UK, meaning an initial public offering will only take place in New York. Following
SoftBank has stopped working on a London initial public offering for chip designer Arm because of political upheaval in the U.K., the Financial Times reported.
Japanese conglomerate SoftBank Group Corp. has temporarily halted talks about listing shares of its chips division, Arm Ltd., in London, while it continues to pursue an initial public offering for
Abu Dhabi sovereign wealth fund Mubadala Investment Co. is in talks to purchase New York-based asset manager Fortress Investment Group from Japanese conglomerate SoftBank Group Corp., according to
A SoftBank-owned company is thriving by offering face-recognition technology fuelled by a blacklisted Chinese firm to the likes of Mastercard and Visa, an opportunity for the Japanese conglomerate, fr
SoftBank's Vision Fund strategy has come under heavy criticism and pressure amid a string of bad bets and a crash in technology stocks this year.
Softbank Group Corp's founder and Chief Executive Masayoshi Son on Friday reiterated that the Japanese conglomerate was most likely to list chip designer Arm on Nasdaq while stressing no final decisio
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