March 4, 2025

softbank group

SoftBank swings to .4 billion loss in Q3 as value of Vision Fund’s holdings take a hit | Stock Market News

SoftBank swings to $2.4 billion loss in Q3 as value of Vision Fund’s holdings take a hit | Stock Market News

TheSpuzz Desk03 mins

Source: Live Mint SoftBank Group Corp. swung to losses for the December quarter due to a drop in the value of the Vision Fund’s public holdings, boding ill for founder Masayoshi Son who has to raise $500 billion for the Stargate artificial-intelligence project.  The Tokyo-based company reported a net loss of ¥369.2 billion ($2.4 billion)…

Read More
OpenAI allows employees to sell .5 billion-worth of shares in new tender offer to SoftBank: Report | Stock Market News

OpenAI allows employees to sell $1.5 billion-worth of shares in new tender offer to SoftBank: Report | Stock Market News

TheSpuzz Desk02 mins

Source: Live Mint ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan’s SoftBank Group, two sources familiar with the matter told Reuters on Wednesday. SoftBank’s billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup after investing in…

Read More