Tag: softbank,
SoftBank Corp. GAAP EPS of ¥111.00, revenue of ¥5912B
: Alibaba shares fall as SoftBank reportedly sells most of its stake
Kakao Mobility picks up ‘super app’ startup Splyt, once backed by SoftBank and Grab
Kakao Mobility, the ride-hailing subsidiary of South Korean messaging and internet giant Kakao, has made its first acquisition as it looks to raise its international profile. It has acquired Splyt, a startup out of London that works with apps in areas like travel, ride-hailing and finance to help them build out “super app” strategies by […]
Kakao Mobility picks up ‘super app’ startup Splyt, once backed by SoftBank and Grab by Kate Park originally published on TechCrunch
Upload Ventures, a SoftBank LatAm spinout, seeks to raise a $250M fund
Less than one year after Upload Ventures spun out of SoftBank’s investment arm, the Latin American–focused investment arm is seeking to raise a $250 million fund, filings show. TechCrunch reached out to Upload Ventures but did not hear back at time of publication. Reports show that the Mexico- and Brazil-focused firm has already landed an […]
Upload Ventures, a SoftBank LatAm spinout, seeks to raise a $250M fund by Natasha Mascarenhas originally published on TechCrunch
Softbank teams with startup Oasys as a blockchain gaming validator
Berkshire Grey confirms SoftBank interest to buy company for $1.30 per share
Arm Loses 40% of UK Staff Despite SoftBank Pledge To Grow Domestic Workforce
Since then, however, SoftBank has cut a significant portion of Arm’s staff, totaling some 18%, as it readies for an initial public offering, with the U.K. taking a larger proportional hit on worries over the company’s future, the news outlet reported, citing former Arm employees. Currently, Arm has 2,800 U.K.-based employees, meaning 700 U.K. employees have left the company. Led by Masayoshi Son, SoftBank is intent on listing Arm via an initial public offering and has been lobbied by British lawmakers to list it in London, as well as New York. However, SoftBank reportedly scrapped its plans for a London listing in July.
Read more of this story at Slashdot.
SoftBank Vision Fund is reportedly laying off 30% of its workforce, or at least 150 employees
The Vision Fund, a venture capital arm of SoftBank, has launched a sweeping layoff process, cutting at least 30% of its workforce globally, or approximately 150 of the 500 employees, according to a report by Bloomberg. The news comes nearly two months after SoftBank chief executive officer and founder Masayoshi Son said the company would […]
SoftBank Vision Fund is reportedly laying off 30% of its workforce, or at least 150 employees by Kate Park originally published on TechCrunch