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Japan tech giant SoftBank posts 23 billion dollar quarterly loss

Japanese technology company SoftBank Group posted a 23.4 billion dollar (£19.2 billion) loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates. SoftBank Group’s loss of 3.16 ...

08 Aug 2022 at 11:17

City

THG ends SoftBank partnership blaming economic conditions

Online retail group THG has terminated its link-up with Japanese investment giant SoftBank, blaming the global economic backdrop. SoftBank first became an investor in the Lookfantastic and Cult Beauty owner last year with a roughly 730 ...

26 Jul 2022 at 13:52

City

Chip firm Arm rebuffs London as it seeks US stock market listing

Cambridge-based technology firm Arm said it will pursue a US-only stock market listing this year, dealing a blow to the UK markets. The plans from the company, owned by Japanese investment giant SoftBank, come despite heavy lobbying ...

03 Mar 2023 at 10:24

Arm Holdings shares gain nearly 25% in biggest IPO since late 2021

World

Arm Holdings shares rise 10% in biggest initial public offering since late 2021

Shares of UK chip designer Arm Holdings rose almost 25% in their stock market debut, in the largest initial public offering of shares in nearly two years. The shares opened at 56.10 dollars (£45.20) on the Nasdaq on Thursday after ...

14 Sept 2023 at 21:25

City

Bristol-based AI chipmaker Graphcore bought by SoftBank

Bristol-based artificial intelligence (AI) firm Graphcore has been bought by Japanese investment giant SoftBank in its latest move to cash in on the next-generation technology. The boss of the UK computer chipmaker hailed the ...

12 Jul 2024 at 08:53

World

SoftBank and OpenAI set up joint firm to push artificial intelligence services

Japanese technology giant SoftBank Group and OpenAI have stepped up their AI partnership, setting up a 50-50 held company called SB OpenAI Japan. SoftBank chief Masayoshi Son and OpenAI supremo Sam Altman appeared at an ...

03 Feb 2025 at 09:37

Credit Suisse loses 440 million US dollar claim against SoftBank Group

Credit Suisse has lost a 440 million US dollar (£325 million) High Court claim against Japan’s SoftBank Group over a restructuring agreement involving Lex Greensill’s collapsed firm. In early 2021, Credit Suisse found ...

15 Oct 2025 at 15:30

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