The Latest Breaking News from SoftBank

SoftBank is preparing to re-float ARM after Nvidia’s planned acquisition of the Cambridge-based chip-maker collapsed due to “significant regulatory challenges”.

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) aims for an initial public offering for Arm Ltd. Nvidia Corp's (NASDAQ:NVDA) just abandoned the proposed acquisition of the chip designer amid fierce opposition from regulators and customers. SoftBank will keep a $1.25 billion breakup fee with the deal's termination. Related Content: Nvidia Quietly Looks To Dump Its Arm Ambitions SoftBank looks for…

SoftBank Group Corp (OTC:SFTBY) reported a third-quarter FY21 revenue growth of 6% Y/Y to ¥1.6 trillion. Arm revenue grew 20.6% Y/Y to ¥66 billion. The gross profit expanded 12.5% Y/Y to ¥841.9 billion. SoftBank's net income declined 95.1% Y/Y to ¥59.2 billion. EPS was ¥11.43. Softbank generated ¥2.4 trillion in operating cash flow…

Stock futures edge higher, with earnings, inflation in focus; Peloton shares slide amid report CEO john Foley will step down; Meta shares extend slide as early investor Peter Thiel leaves board; Nvidia shares slip after dumping $40 billion Arm takeover from Softbank and Take-Two shares slide after Q3 revenue miss

British company aims to seek stock market flotation after Japan’s SoftBank abandons sale

Japanese technology investor SoftBank says its planned sale of the British semiconductor and software design company Arm to U.S. chip maker Nvidia has fallen through

Tokyo (AFP) - Japan's SoftBank said Tuesday that the $40 billion sale of chip powerhouse Arm to Nvidia had collapsed because of "significant regulatory challenges" over competition concerns, and it now plans to take the unit public.

Tokyo (AFP) - Japan's SoftBank confirmed Tuesday the collapse of a $40 billion deal to sell chip business Arm to Nvidia because of "significant regulatory challenges" over concerns about competitiveness.

Tokyo (AFP) - US firm Nvidia is scrapping its $40 billion bid to buy UK mobile chip technology powerhouse Arm from SoftBank after persistent objections from regulators, the Financial Times reported Tuesday.

SoftBank Group announced plans today for an initial public offering for Arm instead.

Tokyo (AFP) - Japanese investment giant SoftBank Group said Friday its chief operating officer Marcelo Claure is leaving the company, following reports that his demands for as much as $1 billion in compensation had fuelled an internal clash.