SoftBank to Scale Down Its Tech Investments
Softbank founder Masayoshi Son advises top executives to halt tech investments amid a collapse in tech stocks and regulatory crackdown.
Nvidia Corp Surpasses Meta Platforms in Valuation
Meta has been bogged down by scandals and investigations while Nvidia has seen a strong year with stupendous growth. Recently, Meta’s stock fell over 26%, wiping off over $230 bi
SoftBank backed Fortress acquires Accordia Golf for $3.5 billion
SoftBank backed Fortress Investment Group is planning to acquire Accordia Golf, which operates around 170 golf courses in Japan, in a $3.5 billion deal.
Ticketing app Dice raises $122 million from SoftBank and ex Apple veteran
Dice is looking forward to expand more after its latest funding round raised $122 million, led by Tony Fadell.
SoftBank's Son answers some tough questions at AGM
Masayoshi Son of SoftBank was put in the dock at the annual shareholder meeting on Wednesday and grilled over governance failures after the collapse of Greensill and Katerra.
SoftBank invests $2.8 billion in Norwegian robotics firm AutoStore
Japanese investment giant SoftBank Group has struck a $2.8 billion deal for a 40 percent stake in Norwegian warehouse automation company AutoStore, in the latest round of long-term
SoftBank Rides Recovery on Vision Fund Performance
SoftBank Group Corp’s net profit went up to $11.1 billion (¥1.17 trillion) in the third quarter on the back of stock rallies and asset sales, which has helped the conglomerate t
DoorDash planning IPO, reports improved revenue due to demand for delivery services
The Pandemic and rising demand for food delivery services has helped it ride out any big losses due to the Covid-19 that most businesses are facing. DoorDash has posted revenues of
Softbank on Repurchasing Spree to Shore up Cash
SoftBank has turned around Vision Fund with a $7.5 billion profit and is meeting its debt commitments with share repurchases and more in a bid to override bad investments of the pa