News Formal

SoftBank shares drop after its Vision Fund tech investment unit posts a $32 billion record loss

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

SoftBank's Vision Fund segment lost a record 4.3 trillion Japanese yen ($32 billion) for its fiscal year ending Mar. 31.

The company said on Thursday that its Vision Fund segment lost a record 4.3 trillion Japanese yen for its fiscal year ending Mar. 31.

SoftBank is also gearing up for the IPO of Arm, the British chipmaker it acquired in 2016. Arm has filed confidentially in the U.S. for a listing. SoftBank's CFO said the IPO process is "going smoothly."SoftBank's Vision Fund posted a record loss in the year ended Mar. 31, 2023. The flagship tech investment unit has been hit by the falling prices of tech stocks.fell on Friday after the company reported a record loss at its Vision Fund tech investment unit.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SoftBank posts record $32 billion loss at its Vision Fund tech investment armSoftBank's Vision Fund segment posted a 4.3 trillion Japanese yen ($32 billion) loss for its fiscal year ending Mar. 31.
Source: CNBC - 🏆 12. / 72 Read more »