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The Latest Breaking News from SoftBank

SoftBank to unveil Arm IPO plans, the biggest U.S. listing since 2021

Japan's SoftBank, having snubbed London in favor of a Nasdaq listing for chip designer Arm Holdings, will unveil the IPO details on Monday.

The Street

Here are the leading bidders for Goldman's lending unit Greensky

Second-round bids for GreenSky were due earlier in August, people familiar with the matter said.

Fortune

SoftBank-backed Better shrunk its staff by 91% in 18 months

“Cash is very important,” Better CEO Vishal Garg told Fortune in an interview about the impending SPAC merger and his decision to move forward after a series of delays.

Fortune

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WeWork, from unicorn to penny stock: A timeline

WeWork, a tech company that operates rent-based shared workspaces in metropolitan areas across the globe, has fallen on hard times. Despite at one time reaching unicorn status and a valuation topping $47 billion, it has yet to turn in a profit from its billions of dollars in investments, and ...

The Street

As SoftBank sues IRL for $150M after startup admitted 95% of its users were fake, VCs stress 'uncomfortable' due diligence

SoftBank says it “relied on the accuracy of representations from IRL’s executives" when investing. VCs say that doesn't cut it.

Fortune

Amazon joins Nvidia and Intel as it plans to spend billions on chip designer Arm once it goes public

Softbank Group is expected to list shares of Arm in September, whose expected IPO value to hit $70 billion.

PC Gamer

WeWork is on a downward spiral that could lead to bankruptcy

After years of losses, and leadership struggles, the company warns that its days could be numbered.

Fortune

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From $47 billion to $270 million—WeWork, the Adam Neumann brainchild, keeps crashing after a 'going concern' warning

"Flexible workspaces have a future in the office ecosystem, but WeWork, in its current state, may not," BTIG analysts wrote Wednesday.

Fortune

Amazon, Apple, Intel, Nvidia, and Samsung to Back Arm's IPO

High-tech giants in talks to become anchor investors in Arm's upcoming IPO.

Tom’s Hardware

Amazon in talks with UK microchip designer Arm over becoming anchor investor

Cambridge-based Arm has also attracted interest from Apple, Samsung and Nvidia

The Guardian - UK

SoftBank deprioritizes speed, goes all in on A.I. as it reports 343 of its portfolio companies have lost value

The investment firm known for writing enormous checks at a rapid pace has entirely changed its tune.

Fortune

Japan's tech investor SoftBank trims losses and promises offensive turnaround

Japanese technology company SoftBank Group continued to rack up losses for the fiscal first quarter as technology investments soured amid a market downturn

The Independent UK

How VC Headline notched a 30% stake in Brazil’s biggest startup acquisition in 5 years

The investor behind Pismo talks about the $1 billion Visa deal and the Latin American deal landscape.

Fortune

Fashion resale CEO bets big on brands like Chloé

Samina Virk, is North America CEO of Vestiaire Collective, a Goldman Sachs- and Softbank-backed platform.

Fortune

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Tom’s Hardware

Arm Allegedly in Talks with Nvidia and Intel to Become Anchor Investors

Arm wants Nvidia and Intel to become its anchor investors in upcoming IPO.

The Japan News/Yomiuri

Softbank to develop own generative AI targeting corporate clients

Major mobile network provider Softbank Corp. is set to develop the company's own generative artificial intelligence platform, with an eye on offering services to corporate clients.

The Street

Softbank's Vision Fund Dials Back Investments

SoftBank's recent investments have led to the company losing millions of dollars, including FTX and WeWork.

Fortune

‘I am chatting with ChatGPT every day’: SoftBank’s billionaire boss says he’s a ‘heavy user’ of OpenAI's chatbot

Softbank's Vision Funds, the group's flagship venture funds, lost $32 billion last year.

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Fortune

High-tech pizza company that raised nearly $500 million and would cook a pie in transit is reportedly broke

Softbank-backed Zume looks to sell off its assets.

Investors Business Daily

Nikkei 225 Index Roars 27% In 2023. Warren Buffett's Japan Bets Paying Off.

Japan's benchmark Nikkei index soared this year on market reform, a weak yen. The growth is attracting investors like Warren Buffett.

The Street

Stocks Edge Higher, Inflation On Deck, Oracle Earnings, Apple Rating Cut, Intel Arm Interest - 5 Things To Know

Stock futures higher with Fed rate decision in focus; Inflation data on deck as markets bet on June rate 'skip'; Oracle shares at fresh record high after Q4 earnings beat; Apple shares slip as UBS lowers rating on softening iPhone demand and Intel shares gain on reports of anchor interest…

Fortune

How the 'Amazon of Asia,' founded by a Harvard dropout, landed on the Fortune 500

Newly-profitable Coupang, which serves customers in South Korea and Taiwan, joins the Fortune 500 list at No. 195.

Barchart

Markets Today: Stocks Lower as U.S. PPI Eases but Regional Bank Stocks Fall

The S&P 500 Index ( $SPX ) ( SPY ) is down -0.49%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is down -0.94%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is down -0.1%. U.S. stock indexes this morning are lower. U.S. weekly...

Barchart

Markets Today: Stocks Mixed as U.S. PPI Eases but Regional Bank Stocks Fall

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.05%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.21%. U.S. stock index futures this morning are mixed. A decline in bond yields is positive for stocks after U.S. weekly initial unemployment claims rose more...

The Independent UK

Japan tech investor SoftBank sinks into second year of losses

Japanese technology investor SoftBank Group is reporting a loss of 970 billion yen, or $7 billion, for the fiscal year that just ended

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