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The Latest Breaking News from SoftBank

SoftBank’s Arm flotation hopes hit by legal fight in China

News of dispute comes as London Stock Exchange seeks to persuade SoftBank to reconsider its Nasdaq choice

The Guardian - UK

SoftBank-Owned Arm Faces China Roadblock After Nvidia

SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) U.K. chip designer Arm Ltd's escalating battle at its renegade China unit has jeopardized its IPO ambitions, the Financial Times reports. The joint venture head, Allen Wu, has launched a third legal case against Arm China through one of his shareholder companies. Wu's latest case aims to get reappointed…

Benzinga

Noisy activists aside, GSK investors backed Walmsley and her strategy

The ‘step-change’ in growth for the core pharma division has barely started, but the CEO is secure for now

The Guardian - UK

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Why Nvidia Shares Are Trading Higher Today

NVIDIA Corp (NASDAQ: NVDA) is trading higher Wednesday following the company's termination of its planned acquisition of British semiconductor company Arm Limited from SoftBank.

Benzinga

SoftBank Looks To List Arm In US, Ditching Its Home Market

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) CEO Masayoshi Son looks to list British chip designer Arm Ltd in the U.S., shunning its home market, CNBC reports. Son aims for a "big IPO" and looks to publicly list Arm on the tech-focused Nasdaq stock market within the fiscal year ending March 31, 2023. Roughly…

Benzinga

Here's Why Citi Is Still Bullish On Nvidia Despite Arm Deal Fall Out

Citi analyst Atif Malik reiterated a Buy rating on Nvidia Corp (NASDAQ:NVDA) with a $350 price target. The price target implies an upside of 41.5%. The re-rating follows Nvidia's termination of the planned acquisition of SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) ARM Ltd due to significant regulatory challenges to closing the deal. The Street largely expected that the…

Benzinga

Softbank to take ARM public after sale to Nvidia collapses

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

Evening Standard

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SoftBank Aims For Arm IPO After Nvidia Dumps Takeover Plans

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…

Benzinga

SoftBank Clocks 6% Revenue Growth In Q3

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…

Benzinga

Nvidia’s $40bn takeover of UK chip designer Arm collapses

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

The Guardian - UK

Japan's SoftBank drops sale of Arm, plans IPO

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

The Independent UK

Nvidia officially terminates its Arm purchase

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

Axios

Executive overseeing investments leaves Japan's SoftBank

Marcelo Claure, who joined SoftBank Group after turning around one of its key investments, office-sharing business WeWork, is leaving

The Independent UK

SoftBank COO Marcelo Claure exits, reportedly over pay

The latest blow follows a string of high-profile departures at the technology investor.

Al Jazeera

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Benzinga

Why Are SoftBank Shares Trading Lower Today?

SoftBank Group Corp (OTC:SFTBF) (OTC:SFTBY) COO Marcelo Claure is in advanced negotiations to depart after clashing with founder Masayoshi Son over his compensation and responsibilities, Bloomberg reports. Claure agreed to sell a majority stake in his cellphone distributor to SoftBank in 2013, becoming one of Son’s top lieutenants and a billionaire in…

Benzinga

Nvidia Quietly Looks To Dump Its Arm Ambitions

NVIDIA Corp (NASDAQ:NVDA) is quietly preparing to abandon its purchase of Arm Ltd from SoftBank Group (OTC:SFTBY) (OTC:SFTBF) on bleak prospects of winning approval for the $40 billion chip deal, Bloomberg reports. Nvidia expressed pessimism to its partners regarding the deal's success. SoftBank, meanwhile, is stepping up preparations for an Arm initial public offering…

Benzinga

Why Nvidia Shares Are Sliding Today

NVIDIA Corp (NASDAQ: NVDA) is trading lower Tuesday morning following a report from Bloomberg suggesting the company is quietly preparing to abandon its purchase of British semiconductor company Arm Ltd. from SoftBank Group.

Evening Standard

Nvidia’s $40bn take-over of chipmaker Arm from SoftBank ‘on brink’ amid backlash

NVIDIA is quietly preparing to abandon its purchase of Arm from SoftBank after making little to no progress in winning approval for the $40 billion chip deal, according to people familiar with the matter.

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Kiplinger

The 25 Biggest U.S. IPOs of All Time

The biggest IPOS in U.S. history include a major chipmaker, a ride-hailing firm and a handful of global telecoms.

1 … 17 18 19 20

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