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YOU WONT BELIEVE: 4 | Mind Blowing Facts

Japan tech giant SoftBank posts $23 billion quarterly loss

Japanese technology company SoftBank Group posted a $23 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates

The Independent UK

Owner of UK chip designer Arm says London still in running for flotation

SoftBank chief has been lobbied to bring public offering to the UK but says Nasdaq still his ‘main preference’

The Guardian - UK

Japan's SoftBank sinks to losses as investments sour

Japanese technology company SoftBank Group has dropped into losses as the value of its investments declines

The Independent UK

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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

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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