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SoftBank Group Corp. (9984.T)

Tokyo - Tokyo Delayed price. Currency in JPY
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5,031.00+93.00 (+1.88%)
At close: 03:15PM JST
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  • Reuters

    SoftBank cuts about 150 staff globally -source

    Japan's SoftBank Group Corp is cutting around 150 staff globally at its Vision Fund unit and SoftBank Group International, a person familiar with the matter said, as CEO Masayoshi Son retrenches following huge loss on his tech bets. SoftBank declined to comment. Son in August pledged to cut costs after the Vision Fund unit recorded a record $50 billion loss in the six months through June, with the billionaire caught out by rising interest rates and political instability that have hit tech valuations.

  • Bloomberg

    SoftBank Planning Vision Fund Staff Cuts of At Least 30%, Sources Say

    (Bloomberg) -- SoftBank Group Corp. has started laying off employees at its loss-making Vision Fund and is expected to cut at least 30% of its staff, according to people familiar with the matter.Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersMacKenzie Scott Files for Divorce From Science Teacher HusbandNord Stream Gas Leaks May Be a New Disaster for the ClimateGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesTrump Refuses to Delay Florida Depositi

  • Bloomberg

    UK Has ‘No Chance in Hell’ of Making Its Own Tech Champs: ARM Founder

    (Bloomberg) -- The UK has “no chance in hell” of becoming technologically sovereign, Hermann Hauser, the co-founder of Amadeus Capital Partners and Acorn Computers, said at Bloomberg’s Technology Summit in London.Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersMacKenzie Scott Files for Divorce From Science Teacher HusbandNord Stream Gas Leaks May Be a New Disaster for the ClimateGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesTrump Refuses to Dela