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Trump Says SoftBank's $100B Commitment To US Is 'Monumental Demonstration Of Confidence In America's Future'
Monday, December 16, 2024 - 1:39pm | 723Japanese company SoftBank (OTC:SFTBF)(OTC:SFTBY) announced a $100 billion investment and 100,000 jobs created in a commitment to the U.S. on Monday, confirming earlier reports. What Happened: SoftBank CEO Masayoshi Son made the announcement alongside President-elect Donald Trump at Mar-a-Lago...
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Masayoshi Son's SoftBank To Raise $1.86B Through Bond Issuance For AI Investment And Debt Repayment
Friday, June 28, 2024 - 10:05am | 527Japanese multinational conglomerate SoftBank Group Corp. (OTC:SFTBY) has announced its intention to issue bonds worth approximately $1.86 billion. The proceeds will be directed towards the repayment of existing debt and a strategic shift towards artificial intelligence (AI) investments. What...
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SoftBank Finally Wipes Out $14B WeWork Losses As It Posts $6.6B Profit Riding On Tech Rebound And T-Mobile Shares
Thursday, February 8, 2024 - 7:50am | 548In a recent turn of events, SoftBank Group Corp (OTC:SFTBY) declared its entire investment in WeWork as a loss. This announcement comes despite SoftBank’s first profitable quarter in five. What Happened: SoftBank decided to write off the entire investment in WeWork to zero in the fourth...
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Softbank's Vision Fund Bounces Back With $4B Gains, The Highest In Nearly 3 Years
Thursday, February 8, 2024 - 5:04am | 575SoftBank Group Corp (OTC:SFTBY) has witnessed a significant turnaround in its earnings, with its flagship Vision Fund posting its highest gains in almost three years. The recovery is attributed to the resurgence in the valuation of tech companies. What Happened: In the December quarter of fiscal...
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SoftBank Vision Fund Loses Over $17B In June Quarter As Recession Fear Erodes Portfolio Holdings
Monday, August 8, 2022 - 3:43am | 406SoftBank Group Corp. (OTC: SFTBY) on Monday registered a ¥2.33 trillion ($17.23 billion) loss in its vision fund unit during the June quarter, mainly led by a slide in share prices of portfolio companies due to growing fears of an economic recession. Vision Fund 1: The SoftBank...
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SoftBank Group Raises $22B Through Deals That Would Slash Its Alibaba Stake
Wednesday, August 3, 2022 - 9:02pm | 493Japanese multinational conglomerate SoftBank Group Corp (OTC: SFTBY) has raised $22 billion in cash through deals that would significantly trim its stake in Alibaba Group Holding Ltd. (NYSE: BABA) over the coming years, reported Financial Times. What Happened:...
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SoftBank Reports Robust Q3; Uber, DoorDash Drive Vision Fund Investment Value
Monday, February 8, 2021 - 10:50am | 545SoftBank Group Corp’s (OTC: SFTBY) revenue rose 10.7% to ¥1.507 trillion during the third quarter of FY20. SoftBank and Arm segments reported 10.7% and 6.3% revenue growth, respectively, following the pandemic induced robust demand for Arm technology, 5G smartphones,...
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SoftBank Plans To Unveil SPAC In Two Weeks
Tuesday, October 13, 2020 - 12:57am | 544SoftBank Group Corp. (OTC: SFTBY) Vision Fund CEO Sanjeev Misra said that the Japanese group has plans to launch a special purpose acquisition company in the coming two weeks, Axios reported Monday. What Happened: The initial public offering's formal sponsor would be SoftBank...
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SoftBank Shuns Elliot Management's Call For Board Oversight Of Vision Fund
Monday, July 6, 2020 - 3:30am | 423SoftBank Group Corp (OTC: SFTBY) will not heighten board oversight of its Vision Fund despite the demands of the activist investor Elliot Management. What Happened The $100 billion Vision Fund is in the crosshairs of Elliot Management, which wants the Japanese group to create a...
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SoftBank Looking To End Partnership With Wirecard After $2.1B Went Missing
Thursday, July 2, 2020 - 3:57am | 383SoftBank Group Corp (OTC: SFTBY) is looking to move away from the troubled Wirecard AG (OTC: WRCDF) after it helped arrange a $1 billion lifeline for the German firm a year before its downfall. What Happened According to the sources of the Wall Street Journal, SoftBank wants to terminate...
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SoftBank To Repurchase $1.9B in Corporate Bonds As It Tries To Cut Down Debt
Monday, June 29, 2020 - 6:00am | 391SoftBank Group Corp (OTC: SFTBY) will repurchase $1.9 billion of unsecured corporate bonds in an attempt to pare down debt. What Happened Reuters reported that the company’s CEO Masayoshi Son is raising $41 billion to fund share buybacks and reduce debt after SoftBank reported an...
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SoftBank Invested More Than $500M In Credit Suisse's Funds That Finance Vision Funds' Startups
Monday, June 15, 2020 - 7:41am | 363SoftBank Group Corp (OTC: SFTBY) invested more than $500 million into Credit Suisse Group AG’s (NYSE: CS) $7.5 billion range of supply-chain finance funds, which the bank, in turn, invested in the debt of the Japanese company’s struggling Vision Fund start-ups. What Happened...
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SoftBank Posts Record $12.7B Operating Loss In 2019-20 As Ambitious Tech Bets Fail To Deliver
Monday, May 18, 2020 - 5:36am | 323SoftBank Group Corporation (OTC: SFTBY) reported its earnings for the entire financial year between April 2019 to March 2020 on Monday. The Japanese investment firm said it made an operating loss of $12.7 billion in the year. This compares with the $19.3 billion operating profit it posted...
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SoftBank Facing Record Losses As Startup Investments Fail To Deliver
Tuesday, April 14, 2020 - 12:35am | 408SoftBank Group Corp. (OTC: SFTBY) is forecasting record losses for the financial year that ended March 2020, as its Vision Fund and other investments flounder. What Happened The Japanese conglomerate is projecting its first operating loss in 15 years. SoftBank’s $100 billion Vision Fund is...
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GM Surges Forward On SoftBank Investment In Autonomous Vehicle Segment
Thursday, May 31, 2018 - 8:50am | 349General Motors Company (NYSE: GM) Cruise has a little extra fuel in the tank. The automaker’s autonomous vehicle division secured a $2.25 billion investment from Japan’s SoftBank Vision Fund to be coupled with an additional $1.1 billion investment by GM, itself, according to a Thursday...