by Amruth Sundarkumar | Mar 21, 2022 | Corporates
SoftBank has sold its stake in Cruise, a self-driving car subsidiary of American auto major General Motors (GM). Since 2018 SoftBank had invested $1.2bn in Cruise, and GM would now pay $2.1bn to buy SoftBank Vision Fund’s stake and infuse another $1.35bn in the...
by Amruth Sundarkumar | Mar 15, 2022 | Corporates
Japanese conglomerate SoftBank has shown potential investment interest in India’s significant business houses Tata and Mahindra groups. Rajeev Misra, CEO of SoftBank Investment Advisers, the managers of SoftBank Vision Fund said “The discussions have been going for...
by Megha Malhotra | Feb 9, 2022 | High Yield Bonds
Japanese conglomerate Softbank reported earnings for the nine months ended December with net income falling by 87% YoY to JPY 392.6bn ($3.5bn), primarily due to a reduction in value of its portfolio companies and the value of its stake in Alibaba. Its net asset value...
by Amruth Sundarkumar | Jan 26, 2022 | Corporates
Nvidia’s $40bn acquisition of Arm Ltd. from SoftBank is now in crosshairs, as per sources. Nvidia is said to have told its partners that it doesn’t expect the transaction to close, while SoftBank is stepping up preparations for an IPO for Arm Ltd. as an...
by Amruth Sundarkumar | Dec 8, 2021 | High Yield Bonds
According to people familiar with the matter, Softbank is looking to dump $500mn worth of WeWork debt that the former offered to the latter over a year ago to ease WeWork’s liquidity issues. Softbank had purchased $2.2bn worth of 5% bonds maturing in 2025 from...
