SoftBank’s Son: will ramp up US power business for generative AI
By Miho Uranaka TOKYO (Reuters) - Japan's SoftBank Group will ramp up its power generation business primarily in the United States to supply power to generative artificial intelligence projects worldwide, founder Masayoshi Son said on Thursday. SoftBank Group-backed SB Energy develops and
SoftBank-backed Cohesity to buy Veritas data security unit, create $7 billion firm
By Krystal Hu and Anirban Sen NEW YORK (Reuters) - U.S. data security software firm Cohesity told Reuters on Wednesday it has agreed to acquire Veritas' data protection business in a deal that values the combined entity at $7 billion. The cash
SoftBank seen likely to log first quarterly profit in over a year
By Anton Bridge TOKYO (Reuters) - Japan's SoftBank Group is expected to post a net profit for the first time in five quarters when the tech investment giant reports earnings on Thursday, benefiting from strong gains in the value of its
Behind SoftBank’s investing cleanup, a US dealmaker who survived the turmoil
By Krystal Hu (Reuters) - When he left Morgan Stanley to join SoftBank Group in Tokyo in 2015, Alex Clavel had little in common with the swashbuckling dealmakers who surrounded CEO Masayoshi Son. After years of executive departures and soured bets, including
SoftBank gets $7.6 billion T-Mobile stake windfall, shares soar
By Sam Nussey TOKYO (Reuters) - SoftBank Group Corp said it would receive shares in telco T-Mobile US worth some $7.59 billion at no additional cost, driving the Japanese conglomerate's shares up 5%. Masayoshi Son's conglomerate said late on Tuesday it had
SoftBank books another quarterly loss, as investment hits offset Arm
By Anton Bridge TOKYO (Reuters) - SoftBank Group on Thursday booked a quarterly loss of 789 billion yen ($5.22 billion), marking its fourth straight quarter in the red, as investment losses offset proceeds from the initial public offering (IPO) of chip
SoftBank in talks to buy Vision Fund’s 25% stake in Arm
By Echo Wang and Anirban Sen NEW YORK (Reuters) - SoftBank Group Corp is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision Fund 1 (VF1), a $100 billion investment fund it raised
Alibaba’s Hong Kong shares slump on SoftBank’s stake sale report
SoftBank Corp's logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon By Kiyoshi Takenaka and Ankur Banerjee TOKYO (Reuters) - Japanese technology investor SoftBank Group Corp has moved to sell almost all of its remaining shares
SoftBank shares tumble after Vision Fund reports another big loss
By Kiyoshi Takenaka and Junko Fujita TOKYO (Reuters) - Shares in Japan's SoftBank Group Corp plunged on Monday after the company reported a heavy loss at its Vision Fund investment arm for a third consecutive quarter. The shares sank 13% in early