Chip designer Arm’s workforce nearly halves despite SoftBank promise british tech British semiconductor darling Arm has lost 40 per cent of the workforce built up through a pledge by its owner SoftBank. Japanese investment giant SoftBank promised the UK government that it would help support the chipmaker in becoming a wafer-powerhouse, when it first bought the company in 2016. At the time, SoftBank said it would [...]
SoftBank executive steps back from key roles after record losses Softbank SoftBank’s executive Rajeev Misra has stepped down from his roles as corporate officer and executive vice president as the investment giant reels from record losses this year.
SoftBank set to book $34bn gain by slashing Alibaba stake Japanese investment giant SoftBank said it would book a $34.1bn gain by cutting its stake in Alibaba today as it looks to shore up its balance book after a bruising first half of the year.
Heavy losses could spur move to private for SoftBank, analysts say August 9, 2022 Hefty losses in the portfolio of Japanese investment giant SoftBank could push its chief Masayoshi Son to delist the firm via a management buyout, analysts have suggested.
London Stock Exchange ready to ‘fight’ for Arm listing, says boss July 21, 2022 The boss of the London Stock Exchange said the bourse was willing to “fight” to win the listing of British chipmaker Arm today after reports its Japanese owner Softbank has downed tools on a London listing.
Wirecard forged client list to secure £760m investment from SoftBank July 11, 2022 German payments processer Wirecard forged client data in its efforts to secure €900m (£760m) in investment from Japanese conglomerate SoftBank, as it sought to reassure investors about the fundamentals of its business before it collapsed the following year. The Bavarian fintech firm showed SoftBank’s representatives a fabricated list of clients on a computer in Wirecard’s [...]
CoachHub rides pandemic momentum, snagging £164m in SoftBank-led funding round June 14, 2022 Online coaching startup CoachHub has snagged $200m (£164m) in its latest funding round, led by investment heavyweight’s SoftBank and Sofina. The Silicon Valley-approved startup, initially founded in Berlin in 2018, has several headquarters across Europe, including London. Its success comes off the back of Euan Blair’s Multiverse, which hit a valuation of $1.7bn (£1.4bn) last week. [...]
Fintech PrimaryBid on verge of £110m Softbank backed round January 8, 2022 Fintech company PrimaryBid is close to finalising the details of a $150m (£110m) funding round led by SoftBank's Vision Fund II according to weekend reports.
Online meal maker Gousto raises $150m fresh funding January 7, 2022 Online meal company Gousto has raised a fresh funding led by the Japanese technology investment giant SoftBank.
Cash-stripped SoftBank turns to Apollo-led group for $4bn loan December 21, 2021 Japanese conglomerate SoftBank is turning to a group of investors led by private equity giant Apollo Global Management for a $4bn loan as it scrambles to recover its cash on hand after a series of portfolio setbacks. A group including Apollo, SoftBank’s insurance affiliate Athene Holding, and other investors including financial institutions, mutual funds and [...]