Masayoshi Son

Rajeev Misra, who runs SoftBank 9984 0.84% Group Corp.’s giant venture-investing arm, will step back from his role to run a new outside investment outfit, according to a company memo.Mr. Misra came to SoftBank in 2014 and helped turn it into the biggest and most controversial technology investor in the world. With an unrivaled $100 billion to spend and a cutthroat internal culture that led to poor investment decisions, it was almost…

SoftBank Group Corp's founder and Chief Executive Masayoshi Son on Friday reiterated the Japanese conglomerate was most likely to list British-based chip designer unit Arm on Nasdaq, while stressing no decision has been made. "Most of Arm's clients are based in Silicon Valley and ... stock markets in the U.S. would love to have Arm," Son told shareholders at the company's annual general meeting. Son said there were also requests to list Arm in London without elaborating on where they came from. The entrepreneur did not…

During a recent earnings presentation, SoftBank Founder Masayoshi Son (pictured here in 2019) said the company will go into "defense" mode as a result of myriad headwinds that have roiled global markets.Tomohiro Ohsumi | Getty ImagesJapanese conglomerate SoftBank Group may for the first time spend more on share buybacks than investments through its landmark Vision Fund as the firm goes into "defense" mode, according to CLSA's Oliver Matthew.SoftBank on Thursday posted a record $27 billion loss in its Vision Fund as tech…

Masayoshi Son speaks during a joint announcement with Toyota Motor to make new venture to develop mobility services in Tokyo in October 2018.Alessandro Di Ciommo | NurPhoto | Getty ImagesJapanese tech conglomerate SoftBank intends to keep a majority stake in U.K. chip designer Arm when it lists the company through an initial public offering.Masayoshi Son, SoftBank's CEO, confirmed the news Thursday following a report from Bloomberg last month that cited people familiar with the matter.Son said that SoftBank plans to list…

TOKYO— SoftBank Group Corp. 9984 10.64% , one of the world’s most aggressive high-tech investors, said Thursday it lost more money in its last fiscal year than it ever has—$13.2 billion—and will cut back its pace of new investments.“The world is in a chaotic situation,” said Chief Executive Masayoshi Son, citing Covid-19 and Russia’s invasion of Ukraine. “In this chaotic world, the approach we at SoftBank should take is defense.” The rough…

“The world is in a chaotic situation,” said Chief Executive Masayoshi Son, citing Covid-19 and Russia’s invasion of Ukraine. “In this chaotic world, the approach we at SoftBank should take is defense.” The comment came after SoftBank reported a net loss of ¥1.71 trillion, equivalent to $13.2 billion, for the fiscal year that ended March 31. That was its biggest full-year loss, topping a record set two years ago, and followed a nearly ¥5 trillion net profit the previous fiscal year.…

SoftBank Founder Masayoshi Son said there is "confusion in the world" and in the markets due to a number of factors including Russia's invasion of Ukraine, high inflation and central bank moves to raise interest rates. These factors have contributed to a record annual loss at SoftBank's Vision Fund.Kentaro Takahashi | Bloomberg | Getty ImagesSoftBank on Thursday reported a record loss at its Vision Fund investment unit, as technology stocks have been hammered by rising interest rates and Beijing's regulatory crackdown has…