Showing results for "#SoftBank"

Explained: Why WeWork failed, and what is next

WeWork was once the most valuable U.S. startup, worth $47 billion

The Japanese tech investment company could also look to strike a broad strategic partnership with ChatGPT maker OpenAI, FT said.

Arm declined to comment while SoftBank did not immediately respond to requests for comment.

According to sources, SoftBank has around 2.18 per cent remaining stake in Zomato which it is likely to sell via block deals.

The stake will be offloaded via a block deal -- 10 crore shares at a price of Rs 94 apiece, totalling Rs 940 crore, CNBC TV-18 reported.

SoftBank recently acquired a 24.99 per cent stake in Arm, reportedly at a valuation of more than $64 billion.

IRL is also being probed by the US Securities and Exchange Commission to determine whether the app violated security laws by misleading investors.

As tech startup valuations continue to dip, the Vision Fund vertical posted a 4.3 trillion Japanese yen (about $32 billion) loss for its fiscal year.