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The Latest Breaking News from SoftBank

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…

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

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

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

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Nvidia officially terminates its Arm purchase

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

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.

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…

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Nvidia Quietly Looks To Dump Its Arm Ambitions

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…

Why Nvidia Shares Are Sliding Today

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.

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

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.

Evening Standard

The 25 Biggest U.S. IPOs of All Time

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.

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