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The Latest Breaking News from SoftBank

SoftBank Group logs $7.2 billion full-year loss on tech woes

Tokyo (AFP) - SoftBank Group reported an annual net loss of over $7.2 billion on Thursday after a bruising year for the tech startup sector in which it is heavily invested.

AFP

City braces for new rules to transform London stock market’s faltering appeal

Watchdog unveils long-awaited plans to simplify rules over raising money in London

Evening Standard

Arm co-founder partly blames ‘Brexit idiocy’ for US flotation

Hermann Hauser says UK chip designer rules could seek secondary listing in London later

The Guardian - UK

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Stocks Edge Higher, Fed Decision In Focus, First Republic Fail, G-7 Eyes AI, Arm IPO - Five Things To Know

Stock futures edge higher with earnings, Fed in focus; Week Ahead: Fed decision highlights hectic slate on Wall Street; First Republic sold to JPMorgan as regulators take over another failed lender; G-7 ministers agree to tame ai developments, ensure 'trustworthy' system and Softbank plans Nasdaq IPO for Arm after spurning…

The Street

Foreign Investors Remain Wary of China

Investor sentiment toward China was undercut this week after two significant foreign investors in Chinese stocks announced they were liquidating their Chinese holdings. On Wednesday, European internet giant Prosus NV registered more than $4 billion of its stake in China’s Tencent Holdings (TCEHY ) for potential sale in Hong Kong,...

Barchart

Stocks Nudge Higher, Fed Minutes, Delta Earnings, Harley-Davidson, Alibaba Stake Sale - Five Things To Know

Stock futures nudge higher with earnings in focus; Fed minutes note recession risk, 'highly uncertain' bank crisis impact; Delta earnings on deck as carriers warn on surging costs; Harley Davidson shares slide as CFO Goetter leaves to join Hasbro and Softbank reportedly preparing to dump major stake in Alibaba.

The Street

Silicon Valley and Saudi Arabia are still closely intertwined despite age-old controversy

Nearly 40 venture firms, from Andreessen Horowitz to Craft Ventures to Techstars, have accepted money from Saudi Arabia’s sovereign wealth fund.

Fortune

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Arm’s move to New York is a bitter pill to swallow -- London must learn a vital lesson

Russ Shaw, founder of Tech London Advocates, explains why the odds were never really in the City’s favour

Evening Standard

THG's Matthew Moulding brands London Stock Exchange 'incredibly tough place' as he backs Arm's US move

In January, Rishi Sunak reportedly restarted talks with SoftBank to persuade it to list the computer chip maker in London

Birmingham Post

London loses Arm wrestle with New York as tech giant heads to the US in blow to the City

The re-listing of shares in Cambridge-based Arm Holdings will be on the Nasdaq not the FTSE

Evening Standard

Inside Microsoft's strategy shift at venture arm M12

As Microsoft angles to beat rivals in hot areas like A.I., it's redesigning its venture arm to cleave more closely to the mothership. But the new direction has prompted some tough conversations.

Fortune

UK chip designer Arm chooses US-only listing in blow to Rishi Sunak

PM had held talks with firm’s owner SoftBank in effort to make London first choice for tech flotations

The Guardian - UK

70% of dealmakers say that investment managers share culpability for FTX

Investors have historically been made out to be victims in court when a startup implodes. But investors think VC firms share some responsibility.

Fortune

Matthew Moulding praises SoftBank after THG signs AutoStore Systems deal

SoftBank sold its entire stake in THG to Mr Moulding and Qatar Investment Authority, the country's sovereign wealth fund, in October 2022

Birmingham Post

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AFP

SoftBank Group reports $5.9 bn third-quarter loss on tech slump

Tokyo (AFP) - Japan's SoftBank Group on Tuesday reported a surprise $5.9 billion net loss in the third quarter, as a slump in the tech sector continued to hit the investment behemoth's bottom line.

The Guardian - UK

City watchdog may ‘ease rules’ in order to secure $40bn Arm listing

Officials locked in talks with tech firm’s Japanese owner, SoftBank, according to Sunday Times report

Birmingham Post

THG lowers profit expectations despite record sales after £100m cost cutting

THG confirmed that a further £30m of savings are to be found this year

Manchester Evening News

Future of THG's Manchester Airport plans up in the air after £70m loan cancelled

The deal with Trafford Council was first announced at the start of 2020

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Birmingham Post

THG's £70m loan to build new headquarters cancelled

The deal was first announced in January 2020

InsideEVs

Elon Musk Breaks Guinness World Record For Largest Fortune Loss

Elon Musk made it to the Guinness World Records for the "largest loss of personal fortune:" from $340 billion in November 2021 to $137 billion in January 2023.

The Guardian - UK

Rishi Sunak restarts talks on London listing for UK tech firm Arm

Japanese investor SoftBank thought to favour New York for computer chip designer’s IPO

Fortune

The 10 biggest crypto funding rounds of 2022

How much did Crypto Winter freeze venture funding?

Benzinga

SoftBank Can't Catch A Break: Fund Invested $100M In FTX

Japanese conglomerate holding company SoftBank is positioned to take a big hit from its investments in bankrupt cryptocurrency exchange FTX. The FTX losses are just the latest in a long string of disastrous investments for SoftBank in recent years that have resulted in billions of dollars of losses.

The Street

Big Japanese Investor Finds Itself Caught In Another Debacle

Softbank has made several investments that have led to massive losses, including WeWork.

Birmingham Post

Rollercoaster year for Matthew Moulding's THG continues as shares recover from historic low

The Manchester-based online retailer owns Lookfantastic, Cult Beauty and MyProtein

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