SoftBank to Buy WeWork Shares from Co-founder Adam Neumann

WeWork is looking at a second attempt at a public listing and should complete a settlement with SoftBank. SoftBank and WeWork are in advanced talks about a settlement agreement with SoftBank Group Corp agreeing to a $480 million payout. Reports state that SoftBank’s agreed payout amount is worth approximately 25% of Adam Neumann’s shares in the company, half as many shares as it originally planned to purchase.  SoftBank is reportedly ready to spend almost $1.5 billion to purchase shares of early WeWork investors and employees according to the terms being discussed…

ETHEREUM Now A Top 100 Global Asset | BITCOIN $40,000 🚀

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io $1 Trillion Crypto Market Cap | Ethereum Now a Top 100 Asset | Japanese Softbank Corp (SFTBY) joins crypto regulatory group JSTA | Nexon (NXC) to Acquire Bithumb | CNBC: “Bitcoin is a responsible investment strategy” | ShapeShift announces integration of decentralized exchange protocols into its platform | Matic “Storm” Update | Chainlink Updates | Marathon Patent Group (MARA) hits $1 billion market cap | Marathon Patent Group, Microstrategy, GreenPro Capital Stock Prices | FiCAS AG Receives Regulatory Approval for ETP |…

Japanese telecoms giant Softbank Corp joins crypto regulatory group JSTA

Softbank Corp, the telecoms arm of the Japanese conglomerate Softbank Group, has confirmed its membership of the Japanese Security Token Association.  The company now joins other firms like Mitsui Trust and Qunie — the consulting subsidiary of NTT Data — as members of the crypto advocacy body. The JSTA also includes crypto and blockchain member firms like security token platform TokenSoft and Japan’s largest cryptocurrency trading service BitFlyer. The Association is part of a group of advocacy and self-regulatory bodies that exist within the Japanese cryptocurrency and blockchain space. In…

SoftBank Preparing to Raise at Least $500 Million in SPAC IPO

SoftBank SPAC IPO will be overseen by SoftBank Investment Advisers which also runs the Vision Fund. Besides, Goldman Sachs Group and Citigroup will underwrite the deal. SoftBank Group Corp (OTC: SFTBF) is preparing to file for an Initial Public Offering (IPO) of a special-purpose acquisition company (SPAC) called Bridgetown Holdings (NASDAQ: BTWNU). The target of the Softbank SPAC IPO makes up at least $500. SoftBank SPAC IPO will be overseen by SoftBank Investment Advisers which also runs the Vision Fund. Besides, Goldman Sachs Group Inc (NYSE: GS) and Citigroup Inc (NYSE: C)…

Crypto will be useful but Bitcoin is hard to understand, says SoftBank CEO

While the ongoing cryptocurrency bull run is boosting crypto adoption, some billionaire investors still find Bitcoin (BTC) to be something of a distraction.  Masayoshi Son, a billionaire technology entrepreneur and CEO of Japanese conglomerate SoftBank, claimed that he “doesn’t understand” Bitcoin amid the cryptocurrency breaking its three-year highs. Speaking at the New York Times DealBook conference, Son said that he found Bitcoin investment to be “distracting his own focus on his own business,” Business Insider reported on Nov. 19. Son said that he would spend about five minutes each day watching Bitcoin…

Tier Mobility Raised $250 Million in Series C Funding Led by SoftBank

With Tier continuously offering new products and options, this funding is geared to help support the firm as it hopes to emerge profitable despite the potential risks of the COVID-19 pandemic. German-based micro-mobility service provider Tier has raised a new $250 million in Series C funding led by Japanese multinational conglomerate holding company, SoftBank Group Corp (TYO: 9984). According to the press release from the company, the investment from SoftBank was made through Vision Fund 2 as well as its existing investors including Mubadala Capital, Northzone, Goodwater Capital, White Star…

SoftBank Group Set to Pay an Interim Dividend of 22 Yen per Share

SoftBank announced on Friday that its shareholders will receive an interim dividend of 22 yen per share. News outlet Reuters indicated that the company reached the decision after it underwent a series of asset sales that stabilized its finances. SoftBank Group Corp (TYO: 9984) has a market capitalization of around $131.64 billion. Its shares at the time of writing had a 52 week range of $12.20 and $34.54. Notably, during the coronavirus pandemic SoftBank shares rose approximately 56.45% year to date. In addition, they jumped approximately 10.56%, 15.02% in the past…

SoftBank Pours $215M in Gamified E-Learning Platform Kahoot

SoftBank acquired nearly 10% in the Norweigen ed-tech startup Kahoot that offers a gamified e-learning experience to users. The platform has seen massive growth in 2020 and plans to go public by the next year. With the coronavirus pandemic shutting schools and colleges across the world e-learning ed-tech platforms have gained huge momentum. On Tuesday, October 13, SoftBank made a $215 fresh investment in Oslo-based education startup Kahoot. Reportedly, SoftBank acquired a 9.7% stake in the company by buying 43 million news shares at $5 per share. Kahoot said that…

Nvidia Agrees to Buy Arm Holdings from SoftBank in $40 Billion Deal

Nvidia makes a strategic move to expand its footprint in the semiconductor market with its $40 billion deal of acquiring British semiconductor giant Arm Holdings. This merger will see NVIDIA’s AI computing capabilities combine with Arm’s CPU’s to create chips for next-generation technologies like IoT, robotics, self-driving cars, etc. America’s chipmaking giant Nvidia Corporation (NASDAQ: NVDA) is all set Arm Holdings from SoftBank Group Corp (OTCMKTS: SFTBY) in a deal price worth $40 billion. Headquartered in the United Kingdom, Arm Holdings specializes in offering design architectures for mobile phones. This…

SoftBank Shares Plunged 7%, Down 2% Now

The decline recorded in the tech stocks in the past week appears to have spiked fears amongst SoftBank’s investors. The shares of Japanese multinational conglomerate holding company SoftBank Group Corp (TYO: 9984) have plunged by about 7% amid upturned stock bets which unnerved the company’s investors. The conglomerate’s bets on equity derivatives pegged to listed technology companies have made the investors uncomfortable amid the incessant market decline. As reported, the Chief Executive of SoftBank Group Masayoshi Son has a wild risk appetite when as it relates to tech stocks and…