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The Latest Breaking News from Masayoshi Son

SoftBank Group logs $7.2 billion full-year loss on tech woes

Tokyo (AFP) - SoftBank Group reported an annual net loss of over $7.2 billion on Thursday after a bruising year for the tech startup sector in which it is heavily invested.

AFP

World's top 20 richest sports team owners as Man Utd bidder Sir Jim Ratcliffe in at No.6

Billionaire Sir Jim Ratcliffe, owner of OGC Nice and one of the bidders for Manchester United, is among the richest owners of sporting institutions around the world

Daily Mirror

SoftBank Group reports $5.9 bn third-quarter loss on tech slump

Tokyo (AFP) - Japan's SoftBank Group on Tuesday reported a surprise $5.9 billion net loss in the third quarter, as a slump in the tech sector continued to hit the investment behemoth's bottom line.

AFP

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Elon Musk Breaks Guinness World Record For Largest Fortune Loss

Elon Musk made it to the Guinness World Records for the "largest loss of personal fortune:" from $340 billion in November 2021 to $137 billion in January 2023.

InsideEVs

Rishi Sunak restarts talks on London listing for UK tech firm Arm

Japanese investor SoftBank thought to favour New York for computer chip designer’s IPO

The Guardian - UK

What is the post-FTX future of cryptocurrency?

Cryptocurrencies, experts say, have mainly been speculative, which only worked as long as real dollars were there.

Al Jazeera

The biggest and fastest net-worth losses of our time

While Sam Bankman-Fried lost his whole fortune last week, he's not the first billionaire to see a dramatic drop in net worth.

Fortune

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SoftBank Can't Catch A Break: Fund Invested $100M In FTX

Japanese conglomerate holding company SoftBank is positioned to take a big hit from its investments in bankrupt cryptocurrency exchange FTX. The FTX losses are just the latest in a long string of disastrous investments for SoftBank in recent years that have resulted in billions of dollars of losses.

Benzinga

SoftBank Q2 net profit boosted by sales of Alibaba shares

Tokyo (AFP) - Japan's SoftBank Group on Friday posted a net profit in the second quarter, partly thanks to gains from the recent reduction of its stake in Chinese e-commerce giant Alibaba.

AFP

SoftBank posts Q2 net profit after Alibaba share sales

Tokyo (AFP) - Japan's SoftBank Group on Friday posted a net profit in the second quarter, partly thanks to gains from its recent reduction of its stake in Chinese e-commerce giant Alibaba.

AFP

SoftBank cuts 150 jobs as investments plummet

It comes just weeks after the firm posted a staggering $23 billion (£19 billion) net loss

Evening Standard

Masayoshi Son sounds a warning for vision-peddlers everywhere

The SoftBank founder has sent investors an uncharacteristic message of risk aversion — and that’s a problem for Japan

Financial Times

After Record Losses, a Fund's Leader Looks to Samurai History

SoftBank's Vision Fund lost nearly $22 billion in the latest quarter.

The Street

Why SoftBank's Billionaire CEO Can't Harness His Inner Warren Buffett And Buy The Market Dip

Japanese investment heavyweight SoftBank Group Corp reported a record $23-billion quarterly loss on Monday.

Benzinga

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The Guardian - UK

SoftBank CEO ‘ashamed’ of pride in past profits as record losses prompt cost cuts

Japanese technology and investment group is seeking to float UK-based chip maker Arm

The Guardian - UK

SoftBank ‘halts plans’ for Arm’s London listing amid political instability

Loss of UK chip designer’s flotation would jeopardise capital’s attempt to prove it can compete against US

Benzinga

Benzinga Before The Bell: Gun Safety Bill. Bill Gates North Dakota Outrage, Sanofi-GSK's Covid-19 Vaccine's Omicron Efficacy And Other Top Financial Stories Friday, June 24

Reuters

The Guardian - UK

Owner of UK chip designer Arm says London still in running for flotation

SoftBank chief has been lobbied to bring public offering to the UK but says Nasdaq still his ‘main preference’

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Benzinga

Softbank's Masayoshi Son Emphasizes Chances Of US Listing For Arm

Softbank Group Corp (OTC:SFTBY) founder and CEO Masayoshi Son stressed the possibility of British-based chip designer unit Arm Ltd listing on Nasdaq pending a final decision, Reuters reports. "Most of Arm's clients are based in Silicon Valley and ... stock markets in the U.S. would love to have Arm," Son told at the annual…

The Street

Stocks Higher, Bank Stress Tests, FedEx, Gas Prices and Arm Listing - Five Things To Know

Stock futures higher but growth concerns linger; U.S. banks pass Fed stress tests, paving way for dividend boost; FedEx shares jump after Q4 earnings beat, solid 2023 outlook; Gas prices slide as White House meets with oil bosses and Softbank's son says Arm likely to list on the Nasdaq

The Guardian - UK

The only way to convince SoftBank to list Arm in London is on merit

Government idea to force Japanese firm to list Cambridge computer chip designer in UK seems desperate

Benzinga

Softbank Continues To Lose Key Official In Quick Succession

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) SoftBank Group International named SBGI Managing Partner Alex Clavel as CEO, effective June 30. Clavel, a seven-year veteran in the company, succeeded Michel Combes, who departed to pursue new opportunities after five years in the company. Combes had assumed the CEO position five months back, succeeding former SoftBank…

The Guardian - UK

Owner of UK chip designer Arm may float some of firm’s shares in London

Japan’s SoftBank still likely to conduct IPO in New York but could secure secondary listing

Bangkok Post

Uniqlo chief regains spot as Japan's richest

Tadashi Yanai, founder and chief of Japanese clothing retail chain Uniqlo, has regained his title as the richest person in Japan even as a global economic slowdown has eroded his wealth sharply, according to international business magazine Forbes Asia's latest list of the 50 richest people in Japan.

Benzinga

CLSA Expects SoftBank To Focus More On Buybacks Than High Growth Stocks Like Alibaba

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) may, for the first time, spend more on share buybacks than investments through its landmark Vision Fund as the firm goes into "defense" mode, according to CLSA's Oliver Matthew. "I think that the comments yesterday from Masayoshi Son made it very clear we're in defense round…

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