Japanese massive SoftBank dumps its complete stake in Uber as losses mount at its funding unit

SoftBank on Monday disclosed that it bought its closing stake in US ride-hailing massive Uber because the Japanese conglomerate seems to be to lift money amid mounting losses at its funding unit. The transfer comes after SoftBank’s Vision Fund, its era funding car, reported a 2.93 trillion Japanese yen ($21.68 billion) loss for the June … Read more

SoftBank reportedly pauses plan for Arm’s London list

SoftBank has stopped running on a London preliminary public providing for chip dressmaker Arm on account of political upheaval within the British govt, the Financial Times reported. Akio Kon | Bloomberg | Getty Images SoftBank has stopped running on a London preliminary public providing for chip dressmaker Arm on account of political upheaval within the … Read more

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