Softbank . (japan) Stock News

The carmaker is tightening its relationship with the San Franciso tech company that's readying its autonomous ride service.

General Motors is expanding its ownership stake in self-driving car subsidiary Cruise. The automaker said late Friday that is is acquiring Softbank Vision Fund 1's equity ownership in Cruise for $2.1

GM is acquiring SoftBank Vision Fund 1's equity ownership stake in its majority-owned Cruise autonomous vehicle unit for $2.1 billion.

General Motors said on Friday it had entered into a deal with SoftBank Vision Fund and certain of its affiliates to acquire the fund's ownership stake in GM Cruise Holdings LLC for $2.1 billion.

General Motors Co. GM, +2.66% is making a bigger bet on its autonomous-driving unit Cruise, saying late Friday it was buying Softbank Vision Fund's stake in the business. GM has agreed to buy the tech

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.

Atul Goyal of the investment bank discusses SoftBank's stock prices.

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.

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 inve

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…