SoftBank Group Stock News

After announcing a strategic partnership with SoftBank in April, Perplexity — the AI search engine that has ambitions to take on Google — is now using the deal to expand its user base, and data touchpoints, in SoftBank's home market. SoftBank and two of its mobile operations, Y!mobile (SoftBank's mobile phone operator) and LINEMO (SoftBank's affordable mobile network carrier), plan to offer fre...

SoftBank-backed Brazilian online lender Inter & Co is hoping to replicate its home market success in the United States, where it is targeting visitors from Latin America's largest country in two of Florida's biggest cities, the firm's chief executive said.

Shares of the Japanese holding company are trading sharply higher on news that activist investment firm Elliott Management has acquired a position.

U.S. investment firm Elliott has a $2 billion position in SoftBank and is pushing the Japanese conglomerate to initiate a $15 billion share buyback program. It is the second time that Elliott has built a position in the company, and comes as SoftBank is enjoying success with its majority-owned chip design firm Arm.

SoftBank Group shares rose as much as 6.3% on Wednesday following a Financial Times report that Elliott Management has rebuilt a significant stake and was pushing for share buybacks worth $15 billion. SoftBank shares hit a high of 9,572 Japanese yen on Wednesday, 6.32% higher than its Tuesday closing price of 9,003 yen, according to LSEG.

Elliott Management has rebuilt a stake worth over $2 billion in SoftBank Group and is pushing the Japanese tech conglomerate to launch a $15 billion share buyback, the Financial Times reported on Wednesday.

Japan's SoftBank is reportedly planning to invest nearly $9 billion in artificial intelligence (AI). The tech company's outlay for investments and commitments has more than doubled to $8.9 billion in the 12 months since its CEO said the company was ready to go on the “counteroffensive,” the Financial Times (FT) reported Sunday (May 26).

One of the UK's leading semiconductor manufacturers has hinted that it could be nearing a deal with Softbank after it began restructuring its balance sheet. SoftBank, the Japanese tech investor, is said to be interested in buying Bristol-based Graphcore, with reports earlier this month indicating that discussions between the two were underway.