SoftBank Group Stock News

SoftBank Group is in early-stage talks to acquire Allied Universal from its private-equity backers, according to people familiar with the matter, in what would be the Japanese technology conglomerate's latest bet on widespread adoption of artificial intelligence and robotics in the workplace.

SoftBank weighs $18 billion acquisition of Allied Universal, Bloomberg News reports

SoftBank stock rebounded on Wednesday after an 8.5% plunge a day earlier, as investors returned to one of Asia's biggest artificial intelligence bets. The stock rose 2.2% in Tokyo after falling to 5,310 yen on Tuesday.

SoftBank promise to pay its highest-ever yields in a record $11 billion junk-bond offering highlights the pressure on CEO Masayoshi Son to secure returns on his all-in bet on AI amid concerns about possible ​overheating in the market.

Samsung Electronics, SK Hynix and SoftBank plunged on Tuesday as investors worried about rising Chinese competition. Weakening confidence in AI returns and higher financing costs added to the pressure.

Africa-focused digital payments company OPay on Friday revealed in its US initial public offering filing that its revenue ​more than doubled in the first six months of ‌the year.

SoftBank Group is seeking to raise as much as $100 billion from Gulf investors to finance a new wave of artificial intelligence investments, the Financial Times reported on Friday, citing people familiar with the matter. Founder Masayoshi Son has held preliminary discussions in recent weeks with senior figures, including in the United Arab Emirates, about the potential fundraising, which would ...

Japan's Nikkei 225 fell more than 1% on Friday as a fresh sell-off in AI-linked shares collided with $100-plus oil and still-elevated global bond yields, leaving Tokyo at the centre of a broader retreat in risk assets. The index was down about 1.1% at 68,266.74 in afternoon trade, roughly 3.4% below Tuesday's close above 70,680.