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SoftBank Group Corp. (SFT.F)

47.19

+1.50

(+3.28%)

As of 5:23 PM GMT+2. Market Open.

Clinical lab operator Labcorp to buy bankrupt genetic test maker Invitae for $239 million

Labcorp will acquire all of the bankrupt firm's assets on a going concern basis for $239 million in cash consideration and other non-cash consideration, the companies said in separate statements. In February, Invitae filed for voluntary Chapter 11 protection in a U.S. bankruptcy court and said that it intended to pursue a sale process. Invitae's estimated assets were in the $500 million - $1 billion range, while its liabilities were in the $1 billion - $10 billion range, according to the bankruptcy filing.

Reuters yesterday

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Clinical lab operator Labcorp to buy bankrupt genetic test maker Invitae for $239 mln

Laboratory service provider Labcorp said on Wednesday it will acquire Softbank-backed Invitae Corp's assets auctioned through a voluntary bankruptcy protection process, a few months after the genetic test maker filed for bankruptcy. Labcorp will acquire all of the bankrupt firm's assets on a going concern basis for $239 million in cash consideration and other non-cash consideration, the companies said in separate statements. In February, Invitae filed for voluntary Chapter 11 protection in a U.S. bankruptcy court and said that it intended to pursue a sale process.

Reuters yesterday

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LH
Vegas-to-California $12 Billion Rail Line Kicks Off Construction

(Bloomberg) -- Brightline West, a $12 billion high-speed rail project connecting Las Vegas to Southern California, broke ground Monday, the latest step in bringing high-speed rail to the US. Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayStocks Climb as US Earnings Kick Into High Gear: Markets WrapRussians Transform Dubai as They Flee Putin’s War: Photo EssaySea Billionaire’s Wife to Buy Singapore Man

Bloomberg 4 days ago

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WeWork Creditors Demand Company Negotiate with Potential Buyers

(Bloomberg) -- Coworking giant WeWork Inc. should be forced to negotiate with potential buyers, possibly including co-founder Adam Neumann, as well as given a 30-day deadline to come up with a plan to exit bankruptcy, a panel of lower-ranking creditors said in a court filing.Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayRay Dalio’s Famous Trade Is Sputtering and Investors Are BailingStocks Climb as US Earnings Kick Into High Gear: Markets WrapTikTok to Rem

Bloomberg 4 days ago

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World risks ‘tepid Twenties’ as debt levels and inflation soar, warns IMF

The world is at risk of a “sluggish and disappointing decade”, the head of the International Monetary Fund has warned, while urging vigilance to restore price stability and jumpstart economic growth.

The Telegraph 15 days ago

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Fortress Investment acquires $22M loan linked to SF office building

Fortress co-CEOs Joshua Pack and Drew McKnight with 660 Market Street in San Francisco (JLL, LinkedIn)Fortress Investment Group has bought a $22.2 million loan tied to a 40,100-square-foot office building in Downtown San Francisco, allowing it to potentially take control of the property. An affiliate of the New York-based investor bought a mortgage in February backed by the five-story building […]The post Fortress Investment acquires $22M loan linked to SF office building appeared first on The R

The Real Deal 15 days ago

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Florida’s Private High-Speed Train Wins Investment Grade Ratings

(Bloomberg) -- Brightline, the first private US passenger railroad in more than a century, obtained investment-grade ratings on its proposed senior municipal bonds ahead of a planned $3.6 billion debt refinancing. Most Read from BloombergTSMC Facilities to Resume Production Overnight After QuakeKim Jong Un Faces Annihilation in Most Korea War ScenariosA Million Simulations, One Verdict for US Economy: Debt Danger AheadTrump Media’s Business Doesn’t MatterTrump Got His $175 Million Bond From a Bi

Bloomberg 23 days ago

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SoftBank-Backed Window Maker to File for Bankruptcy to Cut Debt

(Bloomberg) -- View Inc., a window-maker partly owned by SoftBank Group, filed for bankruptcy Tuesday with a proposal to turn itself over to lenders in exchange for reducing its $359 million debt load.Most Read from BloombergA Million Simulations, One Verdict for US Economy: Debt Danger AheadTrump Media’s Business Doesn’t MatterTrump Got His $175 Million Bond From a Billionaire Fan’s CompanyTesla’s Sales Miss by the Most Ever in Brutal Blow for EVsTSMC Halts Some Chipmaking as Taiwan Gauges Quak

Bloomberg 23 days ago

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The Luck of the Investor: 3 Stocks for a Pot o’ Gold Portfolio

Opportunities abound in the current market. With the rally stretching into its second year, the share prices of many stocks are flying high. Multiple catalysts are driving equities upwards. These include strong corporate earnings, anticipation of lower interest rates, a huge rally in cryptocurrencies, and some big initial public offerings that have occurred since last fall or are coming around the corner this year. It all adds up to a market that is at record highs and individual stocks that are

InvestorPlace last month

HOOD

MSTR

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SoftBank Explores Investment in French AI Startup Mistral, Sources Say

(Bloomberg) -- SoftBank Group Corp. is exploring a potential investment in Mistral AI, the French company emerging as Europe’s hottest artificial intelligence startup, people with knowledge of the matter said. Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamMusk Says His Ketamine Prescription Is in Investors’ Best InterestsNvidia Unveils Successor to Its All-Conquering AI ProcessorEvergrande

Bloomberg last month

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Yanolja Launches 50th Overseas Branch, 'Yanolja US Office,' in Manhattan

Yanolja Co. Ltd.—a dynamic global travel platform and technology powerhouse under the visionary leadership of Founder and CEO Sujin Lee—has marked a significant milestone with the official inauguration of its U.S. office situated in the city of New York. This strategic move solidifies Yanolja's unwavering commitment to the North American market, reflecting its continuous pursuit of global expansion.

PR Newswire last month

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Q4 2023 Synchronoss Technologies Inc Earnings Call

Q4 2023 Synchronoss Technologies Inc Earnings Call

Thomson Reuters StreetEvents last month

SNCR

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Arm's shares rise as Wall Street eyes IPO lock-up expiration

NEW YORK (Reuters) -Shares of Arm Holdings, the British chip designer backed by Softbank Group, gained 2.1% to $129.50 on Tuesday as markets braced for increased trading activity following the expiration of the lockup period tied to its blockbuster initial public offering (IPO). Most market debuts include a lockup period of up to six months in which company insiders and pre-IPO investors are prohibited from selling their shares. This typically limits the amount of shares available for public trading.

Reuters last month

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Nikkei Falls 2.2%, Dragged by Tech, Auto Stocks

Japanese stocks ended lower, dragged by falls in tech and auto stocks, as expectations persisted for the Bank of Japan’s possible shifts away from its ultralow interest-rate policy.

The Wall Street Journal last month

SFTBF

SFTBY
Arm Holdings Faces a Huge Test This Week. Will the Hot AI Stock Fly or Die?

Its post-IPO lockup period is set to expire on Tuesday. Here's what to expect.

Motley Fool last month

NVDA

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Another Day, Another Nikkei Record—This Time Above 40000

In what passes as a normal day in Tokyo this year, there was more excitement about artificial intelligence, more good news about corporate profits and another Nikkei Stock Average record. The Nikkei [topped 40000 for the first time](https://www.wsj.com/finance/stocks/nikkei-stock-average-rises-above-40000-for-first-time-driven-by-ai-optimism-91362d35) Monday, ending 0.5% higher at 40109.23. Semiconductor shares such as Renesas and Tokyo Electron drove the market up on expectations that AI companies will need their services.

The Wall Street Journal last month

RNECF

RNECY

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Stocks to Watch Thursday: Nvidia, Rivian, AT&T

**Nvidia (NVDA)**: Shares in the red-hot chip maker jumped 13% after its blockbuster quarterly results, with sales more than tripling from a year earlier on demand for AI systems. **AMD (AMD)**; **Microsoft (MSFT)**: Chip-related stocks rallied after Nvidia's earnings, with AMD shares, for instance, up more than 9%.

The Wall Street Journal 2 months ago

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T-PA

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SoftBank Stock Surges to Highest Since 2021 After Nvidia Earnings

The tech investing giant’s shares jumped more than 5% in Tokyo to their highest levels since 2021, buoyed by the surging quarterly sales posted by AI chip maker Nvidia. Thursday's rise in SoftBank and shares of Tokyo Electron, which makes semiconductor-manufacturing equipment, helped push the Nikkei Stock Average to an all-time record close. Led by billionaire Masayoshi Son, SoftBank was long reliant on its mammoth portfolio of startups and its holdings in Alibaba.

The Wall Street Journal 2 months ago

SFTBF

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Asian Chip Stocks Gain After Nvidia Signals Booming AI Demand

Shares of Asian chip makers rose Thursday after strong earnings from Nvidia buttressed expectations of booming global demand for semiconductors used in artificial intelligence.

The Wall Street Journal 2 months ago

ARM

NVDA

SFTBF
Saudi Manufacturing Push Draws SoftBank, China Surveillance Firm

(Bloomberg) -- Saudi Arabia’s new $100 billion investment firm announced a string of deals Tuesday, including partnerships with SoftBank Group Corp. and a Chinese surveillance equipment maker to set up local manufacturing facilities, as part of the kingdom’s efforts to transform itself into an industrial powerhouse.Most Read from BloombergBYD Unveils $233,450 EV Supercar to Rival Ferrari, LamborghiniZelenskiy Says 31,000 Troops Killed as Ukraine Seeks US Aid Decision Within MonthNorwegian Cruise

Bloomberg 2 months ago

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Performance Overview

Return	SFT.F	Nikkei 225
YTD	+98.20%	+13.36%
1-Year	+405.62%	+33.50%
3-Year	+5,537.43%	+30.24%

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SoftBank Group Corp. (SFT.F)

Clinical lab operator Labcorp to buy bankrupt genetic test maker Invitae for $239 million

Clinical lab operator Labcorp to buy bankrupt genetic test maker Invitae for $239 mln

Vegas-to-California $12 Billion Rail Line Kicks Off Construction

WeWork Creditors Demand Company Negotiate with Potential Buyers

World risks ‘tepid Twenties’ as debt levels and inflation soar, warns IMF

Fortress Investment acquires $22M loan linked to SF office building

Florida’s Private High-Speed Train Wins Investment Grade Ratings

SoftBank-Backed Window Maker to File for Bankruptcy to Cut Debt

The Luck of the Investor: 3 Stocks for a Pot o’ Gold Portfolio

SoftBank Explores Investment in French AI Startup Mistral, Sources Say

Yanolja Launches 50th Overseas Branch, 'Yanolja US Office,' in Manhattan

Q4 2023 Synchronoss Technologies Inc Earnings Call

Arm's shares rise as Wall Street eyes IPO lock-up expiration

Nikkei Falls 2.2%, Dragged by Tech, Auto Stocks

Arm Holdings Faces a Huge Test This Week. Will the Hot AI Stock Fly or Die?

Another Day, Another Nikkei Record—This Time Above 40000

Stocks to Watch Thursday: Nvidia, Rivian, AT&T

SoftBank Stock Surges to Highest Since 2021 After Nvidia Earnings

Asian Chip Stocks Gain After Nvidia Signals Booming AI Demand

Saudi Manufacturing Push Draws SoftBank, China Surveillance Firm

Performance Overview