softbank Archives

SoftBank’s Exemplary Performance: A Profit Turnaround Driven by IP-O Arm and Enhanced Valuation in Vision Fund

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10 months ago
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SoftBank has reported its financial results for the fourth quarter of December 2023, and it has turned a profit for the first time after several consecutive quarters of losses. The...

SoftBank Acquires 51% Stake in Cubic Telecom, Pioneering Automotive Network Connectivity

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12 months ago
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SoftBank has announced its investment in Cubic Telecom, a startup that develops software-defined network solutions for connecting cars and other vehicles to mobile phone networks. SoftBank will hold a 51.0%...

SoftBank’s Financial Report: WeWork’s Loss of ¥234 Billion Impacts Performance.

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1 year ago
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SoftBank has reported a net loss of ¥789 billion for the quarter ending in September 2023. This represents a larger loss compared to the previous quarter’s loss of ¥316 billion....

PayPay, the Japanese Wallet App, Announces 60 Million User Accounts – A Whopping 2 out of 3 Smartphone Users

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1 year ago
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PayPay, the Japanese mobile wallet owned by SoftBank through LY Corporation, which combines the businesses of LINE and Yahoo Japan, announced a significant milestone last week with over 60 million...

Inaugural Market Entry for Arm: Stocks Surge by Nearly 25%, Propelling Business Valuation to a Staggering $6.52 Billion

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1 year ago
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Arm, a chip design company, was recently acquired by SoftBank, a major shareholder. The acquisition took place in the Nasdaq stock market last night, with the trading symbol “ARM.” On...

Nasdaq’s IPO Surge: Arm Leaps into Trading Arena with $51 Per Share Valuation, Propelling Stock Market Momentum

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1 year ago
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Arm has announced the final IPO share price, which will be offered in the form of American Depositary Shares (ADS) totaling 95.5 million shares at a price of $51.00 per...