SoftBank’s Turnaround Efforts Led by Alex Clavel, Co-CEO of SoftBank Investment Advisers
When Alex Clavel left Morgan Stanley to join SoftBank in Tokyo in 2015, he stood in stark contrast to the flamboyant dealmakers surrounding SoftBank’s CEO, Masayoshi Son. Over the years, amidst executive departures and failed investments, including a $16 billion bet on WeWork, Clavel has emerged as a pivotal figure in SoftBank’s attempts at a […]
Arm Considers Higher Valuation as IPO Demand Surges
In a highly anticipated move, SoftBank-owned chip designer Arm is reportedly on the brink of securing substantial investor support, which could potentially push its valuation beyond the $54.5 billion initially sought in its upcoming initial public offering (IPO). Citing sources familiar with the matter, this development comes on the back of remarkable demand from investors […]
SoftBank Poised for Profit Return as Vision Fund’s Tech Stocks Rebound
Japan’s tech conglomerate, SoftBank Group, is expected to announce a return to profitability in its upcoming first-quarter earnings report, bolstered by a resurgence in the technology stocks held by its Vision Fund investing arm. After enduring two consecutive years of losses due to the decline in the Vision Fund’s portfolio value, SoftBank’s potential turnaround signals […]
In NFT fantasy soccer game, SoftBank leads funding
Blockchain-based fantasy soccer game Sorare has raised $680 million. This is through a funding round, which is led by SoftBank. According to the company, it includes players such as ex-England international Rio Ferdinand and Spain’s Gerard Pique. Paris-based Sorare said that the investment valued the company at $4.3 billion. Sorare is an online game, since […]
Exclusive SoftBank tech fund in talks to invest in Dubai cloud kitchen Kitopi
SoftBank Group Corp is in talks to invest in Dubai cloud kitchen Kitopi’s latest funding round through its second technology fund. This is collected from familiar sources. The Japanese company’s Vision Fund 2 has put forward a proposal to lead an investment of about $400 million in Kitopi. Both SoftBank and Kitopi has declined to comment. […]
Son-Chan invites veteran stock picker to SoftBank board
The nomination of Koei Tecmo chair Keiko Erikawa to SoftBank Group’s board adds a veteran games industry executive known for her stock-picking skill. This brings an authoritative voice after the loss of senior industry figures. Erikawa, 72, along with CEO husband Yoichi forms the executive team behind the “Romance of the Three Kingdoms” series. They […]
SoftBank joins top corporate earners with $37 billion Vision Fund profit
SoftBank Group Corp reported a record of 4.03 trillion-yen ($36.99 billion) Vision Fund unit profit from a fourth-quarter investment gain on Coupang. After a year of an unprecedented loss, this has put it among the world’s biggest earning firms. Group net profit was 4.99 trillion yen ($45.88 billion) in the year ended March. This beat […]