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The Latest Breaking News from SoftBank Group

SoftBank reports record $13 billion loss as tech shares tank

Tokyo (AFP) - Japanese investment giant SoftBank Group on Thursday logged a record annual net loss after a bruising year that saw its assets hit by a US tech share rout and a regulatory crackdown in China.

AFP

SoftBank reports record $13 bn full-year net loss

Tokyo (AFP) - Japan's SoftBank Group on Thursday logged a record annual net loss after a bruising period that saw its assets hit by a US tech-share rout and a regulatory crackdown in China.

AFP

South Korean Chipmaker Weighs Arm Takeover Options

South Korean chipmaker SK Hynix Inc (OTC:HXSCL) CEO admitted to weighing a consortium to acquire British semiconductor company Arm Ltd, Reuters reports citing Yonhap news agency. “I don’t believe Arm is a company that could be bought by one company,” SK Hynix Vice-Chair and co-CEO Park Jung-ho admitted, FX Empire reports. SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) looked…

Benzinga

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Top SoftBank exec quits after reported clash over compensation

Tokyo (AFP) - Japanese investment giant SoftBank Group said Friday its chief operating officer Marcelo Claure is leaving the company, following reports that his demands for as much as $1 billion in compensation had fuelled an internal clash.

AFP

Executive overseeing investments leaves Japan's SoftBank

Marcelo Claure, who joined SoftBank Group after turning around one of its key investments, office-sharing business WeWork, is leaving

The Independent UK

Nvidia Quietly Looks To Dump Its Arm Ambitions

NVIDIA Corp (NASDAQ:NVDA) is quietly preparing to abandon its purchase of Arm Ltd from SoftBank Group (OTC:SFTBY) (OTC:SFTBF) on bleak prospects of winning approval for the $40 billion chip deal, Bloomberg reports. Nvidia expressed pessimism to its partners regarding the deal's success. SoftBank, meanwhile, is stepping up preparations for an Arm initial public offering…

Benzinga

Why Nvidia Shares Are Sliding Today

NVIDIA Corp (NASDAQ: NVDA) is trading lower Tuesday morning following a report from Bloomberg suggesting the company is quietly preparing to abandon its purchase of British semiconductor company Arm Ltd. from SoftBank Group.

Benzinga

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