SoftBank Financial News

08.08 / 13:21

UPS NASDAQ DOW Platform Tesla SoftBank Eli Lilly, UPS ahead, SoftBank's surprise loss - what's moving markets

Investing.com — U.S. stock futures point lower ahead of a raft of new corporate earnings that include results from Eli Lilly and UPS. Elsewhere, SoftBank slips to a surprise quarterly loss, although its flagship Vision Fund is boosted by a rebound in tech valuations, while Tesla shares fall after the electric car maker unexpectedly announces the departure of its finance chief.

08.08 / 09:47

UPS Amazon Software SoftBank performer Japan's tech investor SoftBank trims losses and promises offensive turnaround

Japanese technology company SoftBank Group continued to rack up losses for the fiscal first quarter as technology investments soured amid a market downturn

07.08 / 18:47

Facebook COST IPO Lowe's Digital SoftBank Meesho posts maiden profit in July, weighs IPO in 12-18 months

Meesho is looking at a public listing in the next 12-18 months after the e-commerce startup reported its maiden net profit in July, chief financial officer Dhiresh Bansal said. Meesho, which had earlier raised more than $1 billion from Prosus, SoftBank and Facebook, among investors, expects to close the current financial year with 40% growth in revenue run rate, Bansal said in an interview. “Our January-June revenue run rate has been around $400 million and expect to end the year at a 40% compounded annual growth rate (CAGR)," he said.

05.08 / 07:03

CEO Platform Mobile SoftBank show social SoftBank sues social app IRL for fraud, seeks $150 million in damages

SoftBank is suing social app IRL for fraud related to fake user base and growth, asking $150 million in damages. In May 2021, SoftBank paid $150 million to purchase IRL shares based on IRL's valuation at $1 billion.

03.08 / 01:07

UPS CEO PwC SoftBank show stage CXOs log out of unicorns to start up own ventures

funding winter in the startup world is making several C-suite executives who helmed trailblazing new-age companies in recent years to quit and set up their own companies or join early-stage businesses that are receiving investor funds. A large number of top executives have moved from unicorns to Series A and B firms or even down the chain in recent months – a move that reflects fund flows in the startup space.

31.07 / 12:13

COST Twitter Digital CEO Platform SoftBank valuation Robinhood rival eToro agrees $120 million share sale at discounted valuation

Stock trading platform eToro agreed to a $120 million secondary share sale, giving the company a slightly lower valuation than the $3.5 billion it was valued at in a primary funding round earlier this year.

24.07 / 13:45

UPS Provident CEO Software SoftBank SoftBank forms JV to build AI-powered warehouses with Symbotic

(Reuters) -SoftBank Group is forming a joint venture with supply-chain services provider Symbotic to build AI-powered warehouses that will be majority owned by the Japanese technology investor, the companies said on Monday.

21.07 / 04:21

Lowe's Williams Strategy SoftBank TikTok NVIDIA TikTok Shop strikes 'buy now, pay later' partnership in Malaysia as part of e-commerce push

TikTok struck a partnership with «buy now, pay later» service Atome to offer installment payments on its e-commerce marketplace in Malaysia, the latest in the company's e-commerce push into Southeast Asia.

18.07 / 10:07

UPS Lowe's CEO SoftBank stake Paytm falls nearly 3% after SoftBank sells additional 2% stake

Paytm fell nearly 3% intraday on Tuesday after SoftBank offloaded another 2% in the company over the past one month. The stock was last trading at Rs 843.6 on the NSE, down about 2.1% from previous close. ET reported that the Japanese investment firm has sold an additional 2% stake in One 97 Communications, the parent of Paytm, generating proceeds of $180 million to $200 million.

17.07 / 01:43

COST UPS IPO Manufacturing Mobile ICE SoftBank Ola advances plan for IPO as electric scooters take off in India

Ola Electric Mobility Pvt. is in line for an initial public offering sooner than its founder previously imagined, reflecting the Indian startup’s whirlwind pace of growth since it started selling electric scooters in late 2021.

12.07 / 11:41

IPO SoftBank NVIDIA Ft Arm in talks to bring in Nvidia as anchor investor ahead of planned IPO - FT

Investing.com -- U.K.-based chip designer Arm is reportedly in negotiations to bring in Nvidia (NASDAQ:NVDA) as an anchor investor in its planned initial public offering, according to unnamed sources cited by the Financial Times.

12.07 / 09:31

SoftBank NVIDIA Commodities Merger reports Nvidia considering anchor investor role for Arm - reports

One or more anchor investors ahead of its New York listing would help support Arm's stock as its parent company, SoftBank, which bought Arm for £24bn ($32bn) in 2016, sells down its stake.

12.07 / 05:35

Digital SoftBank SoftBank considering US listing for PayPay payments business

SoftBank is considering a U.S. listing for its PayPay payments business, three sources familiar with the matter said, in what could mark another American listing for Masayoshi Son's sprawling tech conglomerate along with chip designer Arm. New York is seen as a more attractive destination than Tokyo given the higher valuations tech companies generally achieve, one of the sources said.

07.07 / 00:41

COST Digital Aware Tencent SoftBank Walmart Buyback Flipkart staff to get PhonePe buyback Esop payout this month

Flipkart employees will finally receive a one-time cash payout from a $700-million employee stock option (Esop) buyback that the ecommerce major is facilitating as part of its separation from payments firm PhonePe this month, people aware of the matter told ET. “The payouts to employees will be made by July 31… We made this communication to our employees previously,” a Flipkart spokesperson told ET over email without sharing further details. Eligible former and current employees will receive $43.67, or about Rs 3,615 for each unit of Esop they hold in Flipkart as compensation for the loss of PhonePe’s value in the stock option as a result of its separation, the company had said in a recent internal note.

04.07 / 01:03

UPS Provident CEO SoftBank ByteDance Rajeev Misra’s $7 billion fund scouting for India opportunities after debut investment in Shapoorji Pallonji

Misra, who stepped back from his executive role at SoftBank Vision Fund (SVF) a year ago, is open to investing in domestic companies from his new venture, One Investment Management, through debt and equity deals. Misra told ET in an interview that One IM, which currently has a corpus of $7 billion, participated in a debt issue floated by the Shapoorji Pallonji group, making it the fund’s debut in India. The $50 million credit infusion was part of $1.7 billion raised by the Mumbai-based Shapoorji Mistry-controlled group through a bond sale that closed recently.

03.07 / 11:46

FIVE Amazon SoftBank valuations Technology Startups See Private Market Valuations Plunge

As market values of technology startups have collapsed this year amid a venture capital drought, the declines have been exacerbated by laid-off Silicon Valley workers selling stakes in their former firms.

30.06 / 09:35

Digital Career CEO SoftBank Deloitte Manoj Kohli appointed as Senior Advisor of Deloitte Touche Tohmatsu India

Deloitte Touche Tohmatsu India has appointed Manoj Kohli as Senior Advisor to the organisation. In his new role as Kohli will leverage his expertise in technology, telecommunications, renewables and digital sectors. His industry experience and strategic expertise is expected to help strengthen Deloitte’s presence in South Asia.

07.06 / 14:05

Blockchain Kucoin Binance CEO SoftBank Future Proof of Talk 2023 - 2 days to restore trust in Web3 and design the future of the industry

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

08.05 / 07:31

COST IPO NASDAQ SoftBank NVIDIA 'A very problematic market': As Arm shuns London, tech investors question UK as an IPO destination

The U.K. may be a great place to build a tech company — but when it comes to taking the crucial step of floating your business, the picture isn't so rosy.

14.03 / 12:23

Citi Lowe's Strategy SoftBank MSCI SVB index fall As global stocks fall, Asia-Pacific's benchmark index erases all of its gains for 2023

Asia-Pacific's leading index erased its year-to-date gains and is now flat in 2023 as bank stocks led declines Tuesday.

13.03 / 03:23

SoftBank pension As UK listings drift to New York, pension funds are in the firing line

Is the media getting a bit over-excited about companies choosing to list in New York rather than London? After all, what has actually happened?

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