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Softbank

SoftBank Reports Surprising Q1 Loss Despite Vision Fund Gains

SoftBank has announced an unexpected loss of 477.6 billion yen ($3.3 billion) for the first quarter (Q1) spanning April to June. This unexpected financial...

SoftBank and Symbotic plan AI-powered warehousing venture

SoftBank Group has partnered with Symbotic for a warehousing venture that will be majority owned by the Japanese investor and will buy $7.5 billion of...

SoftBank posts record $32 bn loss at its Vision Fund

Investment giant SoftBank has posted a record $32 billion loss at its Vision Fund for the fiscal year that ended in March 2023 as...

The Edgeof buys SoftBank Ventures Asia

SoftBank has sold SoftBank Ventures Asia, an early-stage venture capital firm with approx. $2 billion funds under management, to The Edgeof, a newly formed...

SoftBank Group reports $5.9 bn loss in Dec quarter

Japanese investment giant SoftBank Group has reported $5.9 billion net loss in its third quarter that ended December 31, 2022. SoftBank said it lost around...

SoftBank slashing around 150 jobs globally

Japan’s SoftBank Group is slashing around 150 staff globally at its Vision Fund unit and SoftBank Group International, Reuters news report said. The report said...

SoftBank aims to book $34 bn gain by reducing stake in Alibaba

SoftBank Group Corp on Wednesday said it will book an estimated gain of 4.6 trillion yen ($34.08 billion) on settling prepaid forward contracts using shares...

SoftBank plans Vision Fund job cuts after record net loss

SoftBank Group is planning to terminate jobs at its Vision Fund investing arm, CEO Masayoshi Son said, after a crash in the value of...