After the stock sale, SoftBank will have around 11.17 per cent of its stake left in the fintech company, as per reports.

Source: https://indianexpress.com/article/business/companies/softbank-offloads-2-stake-paytm-since-february-8603687/

Brainbees Solutions, the parent firm of online baby product marketplace FirstCry, wrote in a draft prospectus filed with the local market regulator that some investors including SoftBank, NewQuest and TPG plan to sell some shares as part of the IPO.

Source: https://techcrunch.com/2023/12/27/softbank-backed-firstcry-seeks-to-raise-nearly-220-million-in-india-ipo/

Chinese tech stocks slid after the Financial Times reported SoftBank was selling down its Alibaba stake, on the heels of Netherlands investor Prosus flagging some selling of its Tencent stake on Wednesday.

Source: https://business.inquirer.net/395744/stocks-and-gold-cheer-u-s-inflation-picture-while-dollar-slides

It’s interesting and a little ironic to see SoftBank launching a new LLM business right now, given the hit-and-miss relationship SoftBank Group has had with AI over the years.

Source: https://techcrunch.com/2023/08/04/softbank-launches-an-openai-for-japan-sb-intuitions-building-llms-and-generative-ai-in-japanese/

It’s interesting and a little ironic to see SoftBank launching a new LLM business right now, given the hit-and-miss relationship SoftBank Group has had with AI over the years.

Source: https://techcrunch.com/2023/08/04/softbank-launches-an-openai-for-japan-sb-intuitions-building-llms-and-generative-ai-in-japanese/

Prior to that, Dai was a VP at SoftBank Investment Advisors, where she worked from 2018 to 2020.

Source: https://techcrunch.com/2023/02/07/500m-in-gv-gears-up-for-more-deals-in-europe-with-a-new-partner-in-london-luna-dai-schmid/

SoftBank, a Japanese conglomerate, is offering 95.5 million American depository shares of the United Kingdom-based Arm for $47 to $51 each and is aiming to pull in $4.87 billion on the high end, according to a regulatory filing.

Source: https://biztoc.com/x/753112a77e5f5dca?ref=ff

SoftBank CEO Masayoshi Son, who is also a major tech investor, has been kept in the loop on the conversations about the product.

Source: https://www.ibtimes.co.uk/chatgpt-will-finally-able-access-real-time-data-online-1720063

SoftBank Is in Talks to Buy Vision Fund’s Stake in Arm, Reuters Saysbloomberg.

Source: https://biztoc.com/x/2229c58fd93d5e5c?ref=ff

SoftBank retained about a 90% stake in Arm following the chip architect’s recent IPO, scoring a strong paper win in the transaction as Arm’s market capitalization stands at about $75 billion.

Source: https://www.forbes.com/sites/dereksaul/2023/12/26/shares-of-chip-designer-arm-hit-new-all-time-high-outclassing-2023-ipo-peers/

SoftBank shares rose 0.7% in the Tuesday morning session in Tokyo.

Source: https://www.mutiny.in/australias-central-bank-raises-interest-rates-by-25-basis-points-asia-pacific-markets-are-mixed/

Son overrode his lieutenants’ objections and handed WeWork founder Adam Neumann billions of dollars from both SoftBank Group Corp. and the Vision Fund, lifting…

Source: https://biztoc.com/x/92921a0c9141303b?ref=ff

The Bengaluru-headquartered startup — backed by Fidelity, Prosus, SoftBank, Sequoia India and Meta — said in a statement that it is looking to “work with a leaner organizational structure to achieve sustained profitability.”

Source: https://techcrunch.com/2023/05/04/india-meesho-cuts-251-jobs/

WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought US bankruptcy protection on Monday (Nov 6), after its bets on companies using more of its office-sharing space soured.

Source: https://www.channelnewsasia.com/business/wework-bankruptcy-office-sharing-work-home-softbank-3902406?cid=cna_flip_070214

When Masayoshi Son ’s SoftBank Group struck a 2016 deal to buy chip company Arm, he was so excited he said the $32 billion purchase was “very much my destiny” after decades of tech investing.

Source: https://biztoc.com/x/7ec2ae79278f12c8?ref=ff