Showing 1 - 10 of 24
Chip designer Arm targets $52 bn valuation in year's largest IPO
AFP, Published on 14/09/2023
» WASHINGTON - British chip designer Arm is targeting a valuation of more than $52 billion for its initial public offering (IPO) on the Nasdaq exchange on Thursday, according to a company press release.
SoftBank supremo eyes rare success with Arm IPO
AFP, Published on 12/09/2023
» TOKYO - Masayoshi Son's once-exalted reputation as an investor is badly tarnished, but the irrepressible founder of Japan's SoftBank is hoping that the mega-IPO of Arm this week might bring back the good times.
Mexico: the promised land for migrants... from the US
AFP, Published on 16/10/2022
» TIJUANA (MEXICO) - While many migrants risk their lives chasing the American dream, Gabriel Zarate fled the rising cost of living in California and moved to the Mexican border city of Tijuana.
New Indian 'sex start-ups' challenge old taboos
AFP, Published on 20/04/2022
» MUMBAI: The couple behind a new start-up using adult toys and cheeky adverts to challenge long-held taboos say they want to take the "shame, guilt and fear" out of sex in India.
WeWork to go public with $9bn valuation
AFP, Published on 27/03/2021
» NEW YORK: WeWork announced on Friday it plans to enter public markets through a merger transaction that raises $1.3 billion, valuing the office-sharing firm at a fraction of the sum discussed in its unsuccessful pre-pandemic effort to go public.
SoftBank reaches deal with WeWork
AFP, Published on 27/02/2021
» TOKYO - Internet investor SoftBank Group said Saturday it reached a settlement with WeWork co-founder Adam Neumann and other investors in the office sharing giant, amid reports that the deal would give the ex-CEO an extra $50 million.
SoftBank says H1 net profit surges more than four-fold to $18bn
AFP, Published on 09/11/2020
» TOKYO: Japan's SoftBank Group said Monday its first-half net profit soared 346.7 percent, sealing a strong recovery after a massive annual loss, as tech stocks rally and the firm sheds assets to shore up its finances.
SoftBank back to black with $12bn profit after record losses
AFP, Published on 11/08/2020
» TOKYO - SoftBank Group on Tuesday reported a $12 billion quarterly net profit to June, recovering from eye-watering losses as tech stocks rally and the firm sheds assets to shore up its finances.
WeWork says back on track to profits: Financial Times
AFP, Published on 13/07/2020
» NEW YORK - Troubled office-sharing start-up WeWork is set to have a positive cash flow by next year, its executive chairman told the Financial Times on Sunday, hailing a turn-around for the high-profile company.
SoftBank Group reports record losses on virus, WeWork woes
AFP, Published on 18/05/2020
» TOKYO - Struggling Japanese conglomerate SoftBank Group on Monday reported record losses, as the coronavirus pandemic compounded woes caused by its investment in troubled office-sharing start-up WeWork.