Softbank . (japan) Stock News

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 Vision Funds India Holdings (Cayman) holds a 17.47% stake in Paytm and a 5.77% stake in PB Fintech.The decision is part of SoftBank''s global strategy to exit from the boards of most of its listed portfolio companies

SoftBank Group Corp (OTC: SFTBY ) (OTC: SFTBF ) founder Masayoshi Son has raised the collateral stock to financial institutions as its shares plunged over 2021, Bloomberg reports . Son boosted the stock pledged as collateral to ~33% of his stake or 153.3 million shares in SoftBank as its shares sank 60% from their peak last year. Son … Full story available on Benzinga.com

A managing partner of SoftBank's Vision Fund has stepped down from the board at One97 Communications Ltd., which owns Indian payments company Paytm.

ConsenSys has raised $450 million in a funding round backed by the likes of Microsoft, SoftBank and Temasek.

Announcement to be made by the companies soon

The acquisition will give Zomato firepower in its fight with Swiggy’s Instamart, and will make SoftBank, one of Swiggy’s biggest backers, an investor in Zomato as well.

This is part of the global strategy of Softbank globally to not be on boards of listed firms

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

There will be no change in investment made by Softbank in these companies, the source said.

Representatives of SoftBank Group Corporation will step down from the boards of Indian digital payments firm Paytm and the parent of online insurance aggregator Policybazaar, a person with direct knowledge of the matter said.