SoftBank to lead nearly $1.2 billion investment in diagnostics firm Invitae

© Reuters. FILE PHOTO: SoftBank Corp’s logo is pictured at a news conference in Tokyo (Reuters) -Invitae Corp said on Monday a group of investors including SoftBank Group Corp will invest $ 1.15 billion in the U.S. genetic diagnostics company. It said the investment, to be used for its growth initiatives, will be in convertible […]

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SoftBank announces settlement with former WeWork CEO Neumann

© Reuters. The logos of SoftBank and WeWork are displayed in front of SoftBank’s new headquarters building in Tokyo (Reuters) – SoftBank Group Corp said on Friday it had reached a settlement with WeWork’s special committee and the company’s co-founder and former chief executive, Adam Neumann, putting to rest a legal battle dating back to […]

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SoftBank to sell chip designer Arm to Nvidia in $40 billion deal

© Reuters. FILE PHOTO: FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo TOKYO (Reuters) – SoftBank Group Corp said on Monday it has agreed to sell chip designer Arm to Nvidia (NASDAQ:) Corp for as much as $ 40 billion in a deal set to reshape […]

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More on the big SoftBank options bet that has the market buzzing

Options fever in the equity market The FT report that SoftBank had been buying massive volumes of equity options grabbed all the attention in markets on Friday. Now there are more details of the trade, which is still largely mysterious. From the WSJ: Regulatory filings show SoftBank bought nearly $ 4 billion of shares in […]

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WeWork gets new $1.1 billion commitment from SoftBank, cuts burn rate

© Reuters. A sign is seen above the entrance to the WeWork corporate headquarters in Manhattan, New York By Herbert Lash NEW YORK (Reuters) – The owner of money-losing shared office provider WeWork told employees on Thursday it has slashed its cash burn rate almost in half from the end of last year and obtained […]

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Wirecard debt that facilitated SoftBank investment put up for auction

2/2 © Reuters. FILE PHOTO: The logo of Wirecard AG is pictured at its headquarters in Aschheim 2/2 By Abhinav Ramnarayan LONDON (Reuters) – Convertible bonds that were part of a complex transaction that allowed Japan’s SoftBank Group (T:) to buy a stake in now-collapsed payments company Wirecard (DE:) and then de-risk the transaction have […]

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Amazon, SoftBank held talks over Russian online retailer Ozon, shareholder says

2/2 © Reuters. FILE PHOTO: Amazon logistics center in Lauwin-Planque 2/2 MOSCOW (Reuters) – Global retail giant Amazon (O:) and Japanese SoftBank (T:) have made approaches to Russian conglomerate Sistema (MM:) about a possible acquisition of its online retailer Ozon, Sistema’s majority owner Vladimir Evtushenkov said on Saturday. It’s not immediately clear if talks are […]

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