Here's Why Jefferies Sees More Alibaba Stake Sale By SoftBank SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) sold 20 million Alibaba Group Holding Ltd (NYSE: BABA) shares in the last quarter and " Benzinga · Feb 22, 2022
Read The Latest Update On SoftBank's Arm IPO SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) banks jostled for roles on a potential IPO of Arm Ltd to underwrite a margin loan of about $8 billion, Bloomberg reports. Banks plan to pitch IPO valuations for Arm of upward of $50 billion. Related Content: SoftBank Looks To List Arm In US, Ditching Its Home Market Arm is… Benzinga · Feb 16, 2022
SoftBank-Owned Arm Faces China Roadblock After Nvidia SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) U.K. chip designer Arm Ltd's escalating battle at its renegade China unit has jeopardized its IPO ambitions, the Financial Times reports. The joint venture head, Allen Wu, has launched a third legal case against Arm China through one of his shareholder companies. Wu's latest case aims to get reappointed… Benzinga · Feb 11, 2022
SoftBank Looks To List Arm In US, Ditching Its Home Market SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) CEO Masayoshi Son looks to list British chip designer Arm Ltd in the U.S., shunning its home market, CNBC reports. Son aims for a "big IPO" and looks to publicly list Arm on the tech-focused Nasdaq stock market within the fiscal year ending March 31, 2023. Roughly… Benzinga · Feb 9, 2022
Here's Why Citi Is Still Bullish On Nvidia Despite Arm Deal Fall Out Citi analyst Atif Malik reiterated a Buy rating on Nvidia Corp (NASDAQ:NVDA) with a $350 price target. The price target implies an upside of 41.5%. The re-rating follows Nvidia's termination of the planned acquisition of SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) ARM Ltd due to significant regulatory challenges to closing the deal. The Street largely expected that the… Benzinga · Feb 8, 2022
SoftBank Aims For Arm IPO After Nvidia Dumps Takeover Plans SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) aims for an initial public offering for Arm Ltd. Nvidia Corp's (NASDAQ:NVDA) just abandoned the proposed acquisition of the chip designer amid fierce opposition from regulators and customers. SoftBank will keep a $1.25 billion breakup fee with the deal's termination. Related Content: Nvidia Quietly Looks To Dump Its Arm Ambitions SoftBank looks for… Benzinga · Feb 8, 2022
SoftBank Clocks 6% Revenue Growth In Q3 SoftBank Group Corp (OTC:SFTBY) reported a third-quarter FY21 revenue growth of 6% Y/Y to ¥1.6 trillion. Arm revenue grew 20.6% Y/Y to ¥66 billion. The gross profit expanded 12.5% Y/Y to ¥841.9 billion. SoftBank's net income declined 95.1% Y/Y to ¥59.2 billion. EPS was ¥11.43. Softbank generated ¥2.4 trillion in operating cash flow… Benzinga · Feb 8, 2022
Why Are SoftBank Shares Trading Lower Today? SoftBank Group Corp (OTC:SFTBF) (OTC:SFTBY) COO Marcelo Claure is in advanced negotiations to depart after clashing with founder Masayoshi Son over his compensation and responsibilities, Bloomberg reports. Claure agreed to sell a majority stake in his cellphone distributor to SoftBank in 2013, becoming one of Son’s top lieutenants and a billionaire in… Benzinga · Jan 27, 2022