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The Latest Breaking News from SoftBank

UK e-commerce firm THG ends investment deal with Japan’s SoftBank

Company, which owns sites such as Lookfantastic and Zavvi, blames ‘global macroeconomic conditions’

The Guardian - UK

THG and SoftBank abandon $1.6bn deal over 'global macroeconomic conditions'

The deal was first announced in May 2021

Birmingham Post

SoftBank ‘halts plans’ for Arm’s London listing amid political instability

Loss of UK chip designer’s flotation would jeopardise capital’s attempt to prove it can compete against US

The Guardian - UK

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Owner of UK chip designer Arm says London still in running for flotation

SoftBank chief has been lobbied to bring public offering to the UK but says Nasdaq still his ‘main preference’

The Guardian - UK

Softbank's Masayoshi Son Emphasizes Chances Of US Listing For Arm

Softbank Group Corp (OTC:SFTBY) founder and CEO Masayoshi Son stressed the possibility of British-based chip designer unit Arm Ltd listing on Nasdaq pending a final decision, Reuters reports. "Most of Arm's clients are based in Silicon Valley and ... stock markets in the U.S. would love to have Arm," Son told at the annual…

Benzinga

Stocks Higher, Bank Stress Tests, FedEx, Gas Prices and Arm Listing - Five Things To Know

Stock futures higher but growth concerns linger; U.S. banks pass Fed stress tests, paving way for dividend boost; FedEx shares jump after Q4 earnings beat, solid 2023 outlook; Gas prices slide as White House meets with oil bosses and Softbank's son says Arm likely to list on the Nasdaq

The Street

The only way to convince SoftBank to list Arm in London is on merit

Government idea to force Japanese firm to list Cambridge computer chip designer in UK seems desperate

The Guardian - UK

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Softbank Continues To Lose Key Official In Quick Succession

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) SoftBank Group International named SBGI Managing Partner Alex Clavel as CEO, effective June 30. Clavel, a seven-year veteran in the company, succeeded Michel Combes, who departed to pursue new opportunities after five years in the company. Combes had assumed the CEO position five months back, succeeding former SoftBank…

Benzinga

Owner of UK chip designer Arm may float some of firm’s shares in London

Japan’s SoftBank still likely to conduct IPO in New York but could secure secondary listing

The Guardian - UK

Building Successful Startups Beyond Venture Capital Funding is Totally Possible

Building a product people love is a challenge in itself. Now add the need to earn enough money from Day 1 to cover all the development costs, all the experiments, and have a reliable income that will allow you to convince engineers and designers who will be building it to…

Benzinga

Croatian electric supercar firm Rimac drives more funding

Porsche, SoftBank and Goldman Sachs contributed to €500 million Series D funding round

Evening Standard

CLSA Expects SoftBank To Focus More On Buybacks Than High Growth Stocks Like Alibaba

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) may, for the first time, spend more on share buybacks than investments through its landmark Vision Fund as the firm goes into "defense" mode, according to CLSA's Oliver Matthew. "I think that the comments yesterday from Masayoshi Son made it very clear we're in defense round…

Benzinga

SoftBank's Stock Picking Unit Suffers Colossal Losses Due To Tech Meltdown

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son's controversial side venture SB Northstar, which focused on stock picking, just backfired, Bloomberg reports. SoftBank reported a record annual loss at its Vision Fund unit as a global selloff in tech shares battered the value of public holdings like Coupang, Inc (NYSE:CPNG) and DiDi Global Inc (NYSE:DIDI). The Vision Fund unit hinged…

Benzinga

WeWork-backer SoftBank posts record $20 billion loss as tech stocks plunge

The world’s biggest technology investor has lost a record $20.5 billion (£16.8 billion) as its bets turn sour.

Evening Standard

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The Independent UK

Japan's SoftBank sinks to losses as investments sour

Japanese technology company SoftBank Group has dropped into losses as the value of its investments declines

AFP

SoftBank reports record $13 billion loss as tech shares tank

Tokyo (AFP) - Japanese investment giant SoftBank Group on Thursday logged a record annual net loss after a bruising year that saw its assets hit by a US tech share rout and a regulatory crackdown in China.

AFP

SoftBank reports record $13 bn full-year net loss

Tokyo (AFP) - Japan's SoftBank Group on Thursday logged a record annual net loss after a bruising period that saw its assets hit by a US tech-share rout and a regulatory crackdown in China.

The Guardian - UK

The economy is collapsing. Yet I can’t recall a government so devoid of a plan

The pound is weak, inflation is up, but it’s hard to discern any ideas from the Tories

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news in one place.

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The Guardian - UK

UK ‘waking up’ to poor tech-listing appeal in London, says Arm innovator

New York is obvious choice for British-based chip designer’s IPO, says Hermann Hauser

Evening Standard

Don’t bend City rules for the sake of a London float

City Comment: The government should not chase an Arm float

Benzinga

Morning Brief: Top Financial Stories Dominating on Tuesday, May 3

Bloomberg

Benzinga

Nvidia Fallout: Boris Johnson Makes Final Attempts To Woo Arm To List In London Instead Of New York

U.K. Prime Minister Boris Johnson is giving a final push to convince SoftBank-backed chip maker Arm Ltd to list in London instead of New York, according to a Financial Times report.

The Guardian - UK

Boris Johnson joins lobbying for UK chip designer Arm to list in London

Government fears damage of losing out to New York in battle to attract tech floatations

Benzinga

Arm Removes Significant Obstacle Hindering IPO Aspirations: FT

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) owned Arm is on the verge of regaining control of its defector China joint venture, the Financial Times reports. The development will remove a significant obstacle to SoftBank’s IPO ambitions for the U.K. chip designer. Arm holds a 47.3% stake in Arm China, while Chinese investment firm…

The Guardian - UK

Investors should take a cautious approach to THG takeover talk

The retailer continues to make the simple business of selling stuff online sound complicated

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