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On 6 July 2013, the United States Federal Communications Commission approved SoftBank's acquisition for $22.2 billion for a 78% ownership interest in Sprint. [48] On 6 August 2013, SoftBank bought 2% more shares of Sprint Corporation, increasing its ownership stake to 80%. SoftBank store in Sendai, with decorations for the Tanabata
Jan 11, 2024 · Misra, a top SoftBank executive since 2014, launched his own investment firm last year but remains at SoftBank. Misra said he groomed Clavel as his successor and recommended him to Son.
Nov 7, 2023 · Nov 6 (Reuters) - WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday after its bets on...
In 2022, the company entered into a comprehensive capital and business alliance with Sumitomo Mitsui Financial Group (SMFG) (commonly known as the "SMBC-SBI Alliance"), and received investment from SMFG. Overview. Founded in 1999, the company was initially part of the Softbank group.
Feb 9, 2024 · The messaging is on trend. The 11% stock pop in SoftBank’s stock was largely driven by $78 billion Arm . A day earlier, the chip designer, which is majority-owned by SoftBank, forecast strong...
SoFi is a provider of digital banking software to multiple banks and fintech brands in the U.S. and Latin America. [116] The company also provides API access to its technology platform, supporting banks in processing credit card payments and helping businesses launch financial services.
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Oct 30, 2019 · As previously announced, the $1.5 billion payment and governance changes are part of an agreement with WeWork that has now been approved by WeWork shareholders, under which SoftBank will provide significant funding to the Company. The financing package includes $5 billion in new debt financing.
