Softbank

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SoftBank, which bought a 10% stake in Twilio competitor Sinch in November 2020, sells its remaining 5% stake; Sinch's stock has fallen 93% since September 2021 (Anton Wilen/Bloomberg)

[ad_1] Anton Wilen / Bloomberg: SoftBank, which bought a 10% stake in Twilio competitor Sinch in November 2020, sells its…

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Technology

Sources: SoftBank begins laying off Vision Fund employees, with cuts expected to impact over 100 people, or 20%+ of its staff, following massive losses (Bloomberg)

[ad_1] Bloomberg: Sources: SoftBank begins laying off Vision Fund employees, with cuts expected to impact over 100 people, or 20%+…

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Technology

General Atlantic to buy out SoftBank's entire 15% stake in game-based online learning service Kahoot for about $152M; SoftBank spent $215M+ for the stake (Ingrid Lunden/TechCrunch)

[ad_1] Ingrid Lunden / TechCrunch: General Atlantic to buy out SoftBank’s entire 15% stake in game-based online learning service Kahoot…

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Technology

Sources: UK's new PM Liz Truss is planning a last-ditch bid to persuade SoftBank to list Arm in London, pushing for talks after the Queen's mourning period (Financial Times)

[ad_1] Financial Times: Sources: UK’s new PM Liz Truss is planning a last-ditch bid to persuade SoftBank to list Arm…

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Technology

Anxious about regulators, Naspers, SoftBank, Berkshire, and other early investors in Chinese tech giants are selling; $7.6B in Tencent shares could be sold (Bloomberg)

[ad_1] Bloomberg: Anxious about regulators, Naspers, SoftBank, Berkshire, and other early investors in Chinese tech giants are selling; $7.6B in…

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Technology

Sources: SoftBank is planning to cut at least 20% of staff, or around 100 positions, at its loss-making Vision Fund operation, mostly in the UK, US, and China (Bloomberg)

[ad_1] Bloomberg: Sources: SoftBank is planning to cut at least 20% of staff, or around 100 positions, at its loss-making…

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Technology

SoftBank CFO says the company sold a large part of its stake in Alibaba to "instantly show" investors its finances were solid after a $23B quarterly loss (Financial Times)

[ad_1] Financial Times: SoftBank CFO says the company sold a large part of its stake in Alibaba to “instantly show”…

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Technology

After suffering huge losses, SoftBank plans to reduce its Alibaba stake from 23.7% as of June 30 to 14.6%, raising around $34B in the current quarter (Kosaku Narioka/Wall Street Journal)

[ad_1] Kosaku Narioka / Wall Street Journal: After suffering huge losses, SoftBank plans to reduce its Alibaba stake from 23.7%…

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Washington

Japan tech giant SoftBank posts $23 billion quarterly loss

[ad_1] TOKYO (AP) — Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the…

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Technology

SoftBank Vision Fund posts a $17.23B loss in the April-June quarter as value of its tech portfolio including SenseTime Group and Uber fell (Sam Nussey/Reuters)

[ad_1] Sam Nussey / Reuters: SoftBank Vision Fund posts a $17.23B loss in the April-June quarter as value of its…

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