SoftBank shares extend their surge, pop more than 15% on earnings beat

SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics. Kentaro Takahash | Bloomberg | Getty Images Shares of SoftBank Group rose as much as 15.29% Friday morning, a … Read more

SoftBank earnings Q3 FY 2023

Masayoshi Son, CEO of SoftBank, has been weighing up various options for chipmaker Arm after Nvidia walked away from buying the company. Alessandro Di Ciommo | Nurphoto | Getty Images SoftBank posted its biggest gain in nearly three years at the flagship tech investment arm, the Vision Fund, in the December quarter amid a recovery … Read more

SoftBank nets $16 billion on Arm earnings, exceeding losses in WeWork

Billionaire Masayoshi Son, chairman and chief executive officer of SoftBank, which owns Arm, speaks during a news conference in Tokyo, July 28, 2016. Tomohiro Ohsumi | Bloomberg | Getty Images Masayoshi Son’s SoftBank made more in Arm’s after-hours trading on Wednesday than the total amount the company lost from its disastrous bet on now-bankrupt WeWork. … Read more

SoftBank earnings Q2 FY 2023

SoftBank Founder Masayoshi Son is pictured here in 2019 during an earnings presentation. Tomohiro Ohsumi | Getty Images SoftBank posted an investment gain on its Vision Fund in the fiscal second quarter but booked another quarterly loss. Here’s how SoftBank did in the September quarter against LSEG estimates: Net sales: 1.67 trillion Japanese yen ($11 … Read more

Klarna sets up UK holding company in move toward IPO

“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Buy now, pay later firm Klarna has established a holding company in the U.K. that will sit at the top of its corporate structure, in a symbolic move that paves the path for an eventual listing. … Read more

SoftBank-backed Improbable slashes losses by 85% after metaverse pivot

Herman Narula, co-founder and CEO at Improbable, speaks during a session at the Web Summit in Lisbon. Henrique Casinhas | Sopa Images | Lightrocket | Getty Images Virtual reality startup Improbable said Wednesday that it reduced losses by 85% in 2022, a year that saw the company pivot its focus to powering new “metaverse” experiences. … Read more

Zopa beefs up government group with two IPO-experienced hires

Jaidev Janardana, CEO of peer-to-peer lender Zopa. Zopa LONDON — British digital financial institution Zopa is beefing up its administration group with a few senior hires, as the corporate appears to be like to gasoline development and put together its enterprise for an eventual public itemizing. The SoftBank-backed firm, which gives bank cards, private loans … Read more

Japan Topix at highest level since 1990

A basic view exhibits the skyline of the town as folks stand on the remark deck of Roppongi Hills to look at the complete moon, in Tokyo on September 21, 2021. (Photograph by Philip FONG / AFP) (Photograph by PHILIP FONG/AFP through Getty Photos) Philip Fong | Afp | Getty Photos Japan’s Topix Index hit … Read more

Imaginative and prescient Fund posts $32 billion loss

SoftBank has confronted headwinds in its Imaginative and prescient Fund funding division because of a fall in know-how firm valuations amid rising rates of interest. Kiyoshi Ota | Bloomberg | Getty Photographs SoftBank recorded a document loss for its Imaginative and prescient Fund as a current rally in tech shares has executed little to assist … Read more

As Arm shuns London, tech buyers query UK as an IPO vacation spot

Billionaire Masayoshi Son, chairman and chief govt officer of SoftBank Group Corp., speaks in entrance of a display screen displaying the ARM Holdings emblem throughout a information convention in Tokyo on July 28, 2016. Tomohiro Ohsumi | Bloomberg | Getty Photographs The U.Okay. could also be an amazing place to construct a tech firm — … Read more