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...SoftBank, Goodwater and Floodgate did not respond to requests for comment....
...WeWork, SoftBank and Goldman declined to comment....
...SoftBank declined to comment. This story has been updated since first publication to amend references to Mapbox’s customers...
...SoftBank’s Vision Fund 2 led an $800mn fundraising in July 2021 that valued Revolut at $33bn; a valuation boosted by $8bn after a meeting between the fintech’s co-founder Nik Storonsky and SoftBank chief...
...SoftBank said: “We do not comment on rumours.” OpenAI declined to comment. Graphcore denied that it received an offer from SoftBank....
...The money, however, is coming from SoftBank, rather than its Vision Funds. Another person familiar with the matter said SoftBank was putting up the substantial majority of the $1.05bn funding round....
...While the total size of new investment activity by SoftBank has shrunk, it is still investing....
...That endorsed Son’s vision for SoftBank, which has focused on AI deals....
...But at least they are not SoftBank....
...The offer was one of several options SoftBank assessed, they added. SoftBank declined to comment....
...Unlike the deal SoftBank did with office space company WeWork, whose sky-high valuation withered under Wall Street’s scrutiny, SoftBank contends that IRL was a “sophisticated, years long” fraud — a “tightly...
...In today’s newsletter: WeWork continues to haunt SoftBank AT1s make a comeback Multi-managers’ ‘silly’ salaries Why SoftBank never stopped paying for WeWork It was a painful transfer SoftBank executives...
...SoftBank has been cashing in on its stake in Alibaba, which reduces its exposure to geopolitical risk. However, the disposals remove a safety net valued by SoftBank shareholders....
...SoftBank said on Thursday that after some accounting adjustments, its tech-heavy Vision funds made an overall investment gain of $300mn in the second quarter....
...SoftBank shares have slipped in the past month as enthusiasm ebbed for its recently listed chip designer Arm....
...Another reason worth considering is the identity of the seller, because Softbank doesn’t have a great record with floats....
...In today’s newsletter: SoftBank eyes more deals Investment banks grow their India operations Goldman in talks to part with GreenSky Masa shifts into ‘offence mode’ SoftBank’s dealmaker-in-chief is back...
...Raine and SoftBank are deeply intertwined beyond this IPO. Sine was appointed to Arm’s board last year, as SoftBank began to gear up for the IPO....
...) underpinned the leverage on which SoftBank so regularly depended....
...SoftBank uses a lot of banks for its voracious financing needs, but the key facility here was the whopping $8.5bn margin loan to SoftBank....
...SoftBank’s work with Sine predates Raine’s founding....
...Things I’ve enjoyed this week My favourite chart was Tesla’s SoftBank-worthy description of its own ecosystem....
...He questioned why SoftBank’s strong cash position would be considered a credit negative by S&P....
...One person familiar with Arm’s plans stressed, however, that SoftBank was still optimistic that the final valuation would be higher than the initial range....
...That helps explain why SoftBank’s funds (Vision and LatAm) are making a loss in value on 72 per cent of its portfolio companies. Arm needs to earn top dollar for SoftBank because these never will....
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