SoftBank Financial News

03.03 / 11:39

Target Pool SoftBank Arm delivers blow to London markets as more listings head to US

Some of Europe’s biggest companies are turning toward the US to list shares as they seek to fuel growth and attract a bigger pool of investors and acquisition targets — a blow to London’s stature as Europe’s preeminent financial centre post-Brexit.

22.02 / 14:05

Digital Strategy SoftBank Analyzing Polygon’s eventful 2022 as layoffs raise questions

Polygon Labs, the developer company behind leading sidechain Polygon [MATIC], announced on 21 February that, at the beginning of the year, the company consolidated multiple business units, which resulted in a 20% reduction in its team.

12.11 / 10:19

cryptocurrency Binance SoftBank Fried Sam fall Sam Bankman-Fried: The fall of the crypto king

‘The king is dead, long live the king!’

11.11 / 11:15

SoftBank SoftBank dumps Alibaba shares, swinging into profit

Japanese technology investor SoftBank on 11 November reported a profit of more than $21bn in the three months to September, after gains from a sale of some of its stake in Chinese e-commerce company Alibaba offset losses at its Vision Fund investments.

11.11 / 01:31

business Binance Liquidity SoftBank FTX crisis feeds the Twitter rumor mill with hot takes and conspiracy theories

Events are unfolding fast as the cryptocurrency market is rocked again, this time by FTX. Facts and non-facts are hard to sort out under these conditions, especially since both seem to be depegged from believability at times. “Where’s the money?” and “Who’s to blame?” are popular talking points. Some of the information appearing is indisputably false, or at least highly speculative.

22.09 / 02:25

UPS SoftBank Coindesk valuation FTX in talks to raise up to $1 billion at valuation of about $32 billion, in-line with prior round

Sam Bankman-Fried's crypto conglomerate FTX is in talks with investors to raise up to $1 billion in new funding that would keep the company's valuation at roughly $32 billion, according to people with knowledge of the discussions.

16.09 / 10:35

SoftBank Liz Truss prepares charm offensive to persuade SoftBank into London listing for Arm

The UK government is reported to be in planning mode to persuade Softbank executives to list Cambridge-based tech firm Arm in the UK.

14.09 / 16:01

SoftBank SoftBank mulls launch of a third Vision Fund

Global tech investor SoftBank is considering the launch of a new giant startup investment fund, part of a plan to turn a new leaf after the poor performance at its two earlier funds, according to people familiar with discussions at the company.

10.08 / 15:49

SoftBank stake SoftBank set for $34bn gains by reducing Alibaba stake

SoftBank said 10 August that it planned to reduce its stake in Chinese e-commerce company Alibaba as part of a settlement of financial contracts that it expects to add $34bn to pretax income in the current quarter.

19.07 / 08:01

NASDAQ SoftBank SoftBank reportedly pauses plan for Arm's London listing

SoftBank has stopped working on a London initial public offering for chip designer Arm because of political upheaval in the British government, the Financial Times reported.

19.07 / 01:33

business SoftBank Court Time 3AC liquidators seek time, access to headquarters as Genesis, Algorand ties are untangled

The liquidators of failed crypto hedge fund Three Arrows Capital (3AC) have filed an application in the High Court of Singapore for a stay on claims against 3AC and access to the company’s Singapore headquarters. The liquidators said in the 1,157-page document that a court decision is needed in light of the number legal proceedings that may arise in the near future and the “virtual radio silence from the management/directors of the Company.”

11.07 / 18:25

Progressive CEO SoftBank valuation Klarna valuation plunges 85% to $6.7 billion as 'buy now, pay later' hype fades

Klarna saw its valuation slashed by 85% in a new financing round announced Monday, reflecting grim investor sentiment surrounding high-growth tech stocks and «buy now, pay later» lenders.

12.04 / 18:01

cryptocurrency SoftBank cryptocurrency news Venture Capital Firm General Catalyst Eyes Web3 Space In India

Venture capital firm General Catalyst is eyeing Web3 space in India

18.03 / 14:17

cryptocurrency SoftBank Blockchain technology valuation Latest Funding Pushes ConsenSys' Valuation Over 100% To Above $7 Billion: Report

ConsenSys' valuation more than doubled to over $7 billion after its latest funding

10.02 / 06:13

Strategy Matthews SoftBank NVIDIA SoftBank's long-term investment strategy may benefit in the current interest rate environment, says CLSA

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08.02 / 10:33

SoftBank NVIDIA SoftBank calls off blockbuster chip arm sale to Nvidia

Nvidia and Japan’s SoftBank Group are abandoning a blockbuster deal for the US semiconductor giant to acquire chip-design specialist Arm after regulators raised antitrust concerns, a person familiar with the matter said.

01.02 / 17:09

UPS SoftBank valuation Crypto Exchange FTX Valuation Jumps to $32B

Cryptocurrency exchange FTX has raised $400 million in a Series C fundraise, helping bump up the company's valuation to $32 billion. It was valued at $25 billion when it raised upwards of $420 million from investors in October 2021.

28.01 / 10:27

SoftBank T-Mobile SoftBank COO Marcelo Claure leaves firm after nine-year partnership

SoftBank said on 28 January that Chief Operating Officer Marcelo Claure agreed to leave the company.

27.01 / 12:57

Binance coinbase SoftBank Asia's SoftBank and Temasek Join to Fund FTX US

FTX US reached an $8 billion valuation after receiving $400 million from Asian investment giants SoftBank Group and Temasek Holdings in its first round of funding.

26.01 / 16:59

business cryptocurrency SoftBank FTX Crypto exchange FTX US valued at $8 billion as first fundraise draws SoftBank, Temasek

Cryptocurrency exchange FTX US said on Wednesday it had notched a valuation of $8 billion after raising $400 million in its first funding round from investors including Japan's SoftBank Group Corp and Singapore's Temasek Holdings.

26.01 / 12:47

cryptocurrency SoftBank Bitcoin Crypto Exchange FTX US Valued At $8 Billion After $400 Million Fundraise

Chicago-based FTX US was launched in 2020.

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