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Latest Articles in softbank corp

SoftBank Posts $17 Bn Vision Fund Loss On Tech Slump

SoftBank had booked a record loss at the Vision Fund unit in May as market turmoil driven by rising interest rates and political instability hit the tech investor

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SoftBank Reaches Settlement With Former WeWork CEO Neumann

SoftBank, which poured more than $13.5 billion into WeWork, was pulled into the legal dispute with directors at WeWork after backing out of the $3 billion tender offer agreed when it bailed out the office-sharing firm following a flopped IPO attempt.

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SoftBank Shares Breach Y10,000, Hits Two-Decade High, On Record Vision Fund Profit

The Japanese conglomerate is "effectively owner of the most lucrative portfolio amidst an ongoing retail IPO frenzy," Jefferies analyst Atul Goyal wrote in a note, referring to initial public offerings.

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SoftBank Posts Third-Quarter Profit Gain As Vision Fund Rallies

The earnings mark a sea change from a year earlier when high profile misses such as the flopped IPO of office sharing firm WeWork and the COVID-19 pandemic forced CEO Masayoshi Son to sell down assets to stabilise his investing empire.

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SoftBank Prepares To File For SPAC IPO Worth Up To $600 Million On Monday: Axios

Such a move would see Masayoshi Son's SoftBank joining the rush for SPACs, shell vehicles that raise money in an initial public offering (IPO) before merging with a privately held company.

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SoftBank-Backed India's Ola To Invest $326 Million In Electric-Scooter Plant

The Indian government has been pushing automakers to move to cleaner fuel technology, especially electric, in an effort to reduce its oil import bill and curb pollution in major cities.

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SoftBank Winding Down Derivatives After Investor Backlash

The company's shares, which have gained 53% this year, were flat in Tokyo trading. A SoftBank spokeswoman declined to comment on the report.

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Google Removes Paytm Mobile App From Store Over Policy Violations

Paytm, a pioneer in India's digital payments market, sells everything from digital gold to insurance and also allows for money transfers on a state-backed payments network.

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SoftBank Paused Share Buybacks In August Ahead Of Asset Sale Announcements

SoftBank's share price climbed 160% from March lows to peak on Aug. 3 at 6,942 yen. It has since fallen around 8%.

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SoftBank To Slash Holding In Wireless Carrier To 40.4%; Could Raise $14 Bln

The offer price for the 1.02 billion shares, including over-allotment, will be set between Sept. 14-16.

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Chip Designer Arm To Pause Spin-Off Of Its Software Units To Softbank

SoftBank, a telecommunications carrier, acquired Arm for $32 billion (24.51 billion pounds) in 2016, its largest-ever purchase, in part to expand into the "internet of things" sector

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SoftBank Drops Operating Profit Measure As Son Plays Cash Defence

Its shares ended down 2.5% ahead of the earnings announcement, versus a 1.9% rise in the benchmark Nikkei index

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SoftBank Seen Returning To Profitability As Listed Holdings Rise

The performance of the $100 billion Vision Fund's public assets is likely to return SoftBank to profit, said analyst Kirk Boodry at Redex Research.

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SoftBank Advances Share Buyback With Approval Of $9.6 Billion Tranche

SoftBank shares climbed as much as 2% following the announcement, with its share price up 43% year-to-date.

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SoftBank To Repurchase $1.9 Billion Of Corporate Bonds

SoftBank Chief Executive Masayoshi Son is undertaking an asset monetisation programme to raise $41 billion to fund share buybacks and reduce debt

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