Softbank

SoftBank Group (OTC:SFTBY) (OTC:SFTBF) is set to introduce a medical service in Japan that uses artificial intelligence to analyze personal medical data, including genetic information. The service will be launched through a joint venture with U.S. healthcare company Tempus AI Inc. (NASDAQ:TEM)....

In a strategic move to bolster its U.S. presence, SoftBank-backed global business travel management platform, TravelPerk, has acquired American industry leader AmTrav. What Happened: According to a press release by TravelPerk on Tuesday, the Barcelona-based firm has bought Chicago-based AmTrav, a...

A series of data breaches at a $20 billion internet company co-owned by Japan’s SoftBank Corp (OTC:SFTBY), and South Korea’s Naver (OTC:NHNCF) is causing diplomatic tensions between the two nations. What Happened: Data leaks from Line Yahoo have led to strained relations between Japan...

Elliott Management has reportedly re-established a significant stake in SoftBank (OTC:SFTBY)and is advocating for a $15 billion share buyback. What Happened: The U.S.-based activist fund's position is valued at over $2 billion, the Financial Times reported on Wednesday. Elliott has been in direct...

In a significant shift of focus, SoftBank Group has announced the sale of almost its entire stake in Alibaba Group Holding (NASDAQ:BABA) (OTC:BABAF). The move is part of the Japanese conglomerate’s pivot towards artificial intelligence (AI) investments. What Happened: SoftBank’s...

SoftBank Group Corp (OTC:SFTBY) has reported a quarterly net profit of $1.5 billion, driven by the soaring valuation of Arm Holdings, as it continues to amass funds for its artificial intelligence expansion. What Happened: The Japanese conglomerate’s profits for the quarter ending in March...

Japanese tech giant SoftBank Group Corp (OTC:SFTBY) has announced its plans to invest a significant sum in the development of an advanced artificial intelligence (AI) model, leveraging NVIDIA Corp (NASDAQ:NVDA) chips. What Happened: SoftBank is set to invest a whopping $960 million over the next...

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) backed Cohesity has agreed to the acquisition of the data protection business of Veritas Technologies LLC. The deal is valued at $3 billion, creating a combined entity worth $7 billion. What Happened: Cohesity, a U.S.-based data security software company...

Activist investor Elliott Management has acquired a 2% stake in Mitsui Fudosan Co Ltd (OTC:MTSFY), a leading Japanese developer. The investor is now reportedly pressuring the company to sell its shares in Oriental Land (OTC:OLCLY). What Happened: Elliott Management, a U.S.-based investment fund,...

In a significant development, Jack Ma and Joe Tsai have emerged as the top shareholders of Alibaba Group Holding Ltd (NYSE:BABA), surpassing SoftBank Corp (OTC:SFBQF). What Happened: Ma, who retired as Alibaba’s executive chairman in 2019, increased his stake in the company by purchasing...

SoftBank Corp (OTC:SFBQF) has declared that it is set to receive $7.6 billion worth of T-Mobile US Inc (NASDAQ:TMUS) shares at no extra cost, causing its Tokyo-listed shares to spike by 5%. What Happened: According to Reuters, SoftBank announced late Tuesday that it had instructed T-Mobile U.S. to...

In a significant move in the gaming industry, SoftBank-backed Improbable, a British metaverse company, has divested its gaming subsidiary, The Multiplayer Group (MPG), to the Ireland-based video game developer, Keywords Studios, for $97 million. The deal was sealed on Sunday, as reported by CNBC....

A new stablecoin pegged against the Dirham was launched which will protect consumers from high inflation rates in the U.A.E.  What Happened: Former Softbank Group Corp executive Akshay Naheta founded a company, DTR, in the United Arab Emirates (UAE) International Financial Free...

OpenAI's chief Sam Altman, former Apple Inc. (NASDAQ:AAPL) design legend Sir Jony Ive, and SoftBank Group Corp.’s (OTCPK:SFTBF) Masayoshi Son are in advanced talks to build the "iPhone of AI". What Happened: While a previous report revealed that Altman has tapped Ive's design firm LoveForm to...

Arm Holdings PLC (NASDAQ: ARM), a linchpin for Nvidia Corp.’s (NASDAQ: NVDA) GPUs to function with artificial intelligence (AI), hit the open market on Thursday, marking the largest IPO of 2023 with a $54.5 billion valuation. Now trading at the $60 mark after initially being priced at $...