The Latest Breaking News from SoftBank

SoftBank seeks $100 billion from Gulf states for AI

SoftBank Group Corp. is in discussions to raise up to $100 billion from Gulf investors for future AI investments. Founder Masayoshi Son has initiated talks with potential investors in the United Arab Emirates and surrounding regions. This proposed fund aims to enhance operations using AI technologies and robots from SoftBank's…

The Economic Times · Oct 9

Snapdeal parent AceVector lists at 12% discount

AceVector'sRs 420 crore IPOcomprised Rs 287 crore in fresh capital and a Rs 133 crore offer-for-sale (OFS) component in which investors, including SoftBank, Nexus Venture Partners, and Foxconn, sold their shares.

The Economic Times · Oct 5

Adam Neumann says a half-hour car ride with Masayoshi Son is when his ego took over—and WeWork's $47 billion collapse began

The WeWork cofounder told Steven Bartlett that by the time he walked back into headquarters after SoftBank’s multibillion-dollar offer, “I forgot what we were all about.”

Fortune · Oct 5

Data centre IPO hopefuls brave tougher market as investor scrutiny grows

The Singapore-based company develops and operates data centers for cloud and AI customers. It plans to make its filing with the US Securities and Exchange Commission public in mid-October and list in November, the people said, speaking anonymously to discuss confidential matters. The plans, including the timing of the IPO,…

The Economic Times · Sep 27

Data center IPO hopefuls brave tougher market as investor scrutiny grows

Data center operator DayOne is pushing ahead with its plans to go public as soon as November, according to three people familiar with the matter, even as higher interest rates and setbacks elsewhere in the data center ecosystem threaten to narrow

The Economic Times · Sep 25

Global Market: Japanese shares rise on AI stocks, dividend buying; Nikkei up 1.2%

Japanese shares rose on Friday, led by AI and chip stocks, while investors bought shares ahead of Monday’s mid-term dividend eligibility deadline. The Nikkei 225 gained 1.23% and Topix 1.19%. Banking stocks also advanced strongly, although SoftBank fell 2.63% after Oracle shares declined amid concerns over data-centre power delays.

The Economic Times · Sep 25

SoftBank's growing bets on AI and semiconductor assets

Founder and Chief Executive Masayoshi Son is aiming to establish SoftBank as the world's leading AI platform with investments across the semiconductor supply chain, data centres, large language model development and robotics.

The Economic Times · Sep 24

SoftBank taps bond market for $11.1 billion to fund AI bets

SoftBank has raised $11.1 billion through dollar- and euro-denominated bonds to fund its artificial intelligence investments, including the final $10 billion tranche of its OpenAI commitment. The company issued bonds across multiple maturities and interest rates, while also recently raising 1 trillion yen. The fundraising increases debt amid expanding AI…

The Economic Times · Sep 24

Snapdeal parent AceVector to launch IPO on September 25, seeks Rs 1,741-crore valuation

AceVector is raising Rs 287 crore in fresh capital through the IPO, while investors, including SoftBank, Nexus Venture Partners and Foxconn, are selling shares worth Rs 133 crore through the offer-for-sale component.

The Economic Times · Sep 22

SoftBank-backed AceVector's Rs 420-cr IPO to open on Sep 25; sets price band at Rs 30-32/share

AceVector Ltd has set its initial public offering price band at Rs 30-32 per share. The company's Rs 420-crore IPO will open for public subscription on September 25. This offering includes a fresh issue and an offer-for-sale by existing shareholders. AceVector operates a digital commerce ecosystem which includes Snapdeal and…

The Economic Times · Sep 22