Text size Carl Hof / Getty Images SoftBank Group made big bets on Amazon. com, Alphabet, Adobe, and other technology stocks in the June quarter as part of their program to temporarily stash proceeds from recent asset sales. As of June 30, SoftBank had a $ 1 billion stake in …
Read More »Softbank’s Record $ 12 billion profit shows dramatic turnaround
TOPLINE Technology investor SoftBank Group on Tuesday reported a record net profit of $ 11.8 billion in the quarter of April-June, thanks to the merger and a partial sale of its stake in US mobile carrier Sprint with T-Mobile and a recovery in its most controlled $ 100 billion Vision …
Read More »NVIDIA Considers Weapons Acquisition in Deal That Could Reverse Chip Industry
NVIDIA CEO Jensen Huang in front of the company’s HQ Endeavor building Copyright © 2016 Ethan Pines (Source: NVIDIA) Multiple reports yesterday claim that the AI graphics and data center silicon hub NVIDIA has expressed interest in acquiring Arm. Arm’s Japanese holding company SoftBank has been exploring Arm’s possible sale …
Read More »This is how Wirecard went from being an analyst to a $ 2.2 billion accounting scandal, and it cost SoftBank hundreds of millions in the process.
REUTERS / Michael Dalder Wirecard, one of Europe’s leading financial technology companies, is at the heart of one of the region’s largest corporate accounting scandals in recent years. The company’s shares have fallen more than 80% since it admitted that auditors were unable to track € 1.9 billion in their …
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