Softbank

Paulus Set to Acquire SoftBank-Backed Alto Pharmacy in Strategic Move

8 days ago

In a significant development within the health-tech sector, Paulus has reportedly reached an agreement to acquire Alto Pharmacy, a prominent pharmacy company supported by the tech giant SoftBank. This acquisition marks a pivotal moment for both companies, as Paulus aims to solidify its position in the rapidly evolving healthcare marketplace.

Amazon’s Jeff Bezos-Backed Vertical Farming Venture, Plenty, Files for Bankruptcy

11 days ago

In a significant turn of events within the agriculture and technology sectors, Plenty, a vertical farming company co-founded by billionaire Jeff Bezos, has filed for bankruptcy. The company, which was once seen as a pioneer in the sustainable food movement, failed to navigate the complex and competitive landscape of urban agriculture, leading to this recent development.

SoftBank and Mnuchin Explore Potential Deal to Rescue $800 Million Cybersecurity Firm

1 month ago

In a significant development in the tech investment landscape, SoftBank Group Corp. and former U.S. Treasury Secretary Steven Mnuchin are reportedly considering a deal to aid a struggling cybersecurity firm valued at $800 million. This partnership seeks to stabilize the company, which has been navigating financial difficulties over recent months.

SoftBank's Son Expresses Disappointment Over Returns to Saudi Prince: A Deeper Look

1 month ago

In a surprising revelation, Masayoshi Son, the CEO of SoftBank Group Corp., admitted that he has not been able to deliver the expected returns to Saudi Prince Mohammed bin Salman from their joint investments. This admission sheds light on the ongoing challenges faced by Son, particularly with respect to the Vision Fund, which was touted as a groundbreaking investment initiative aimed at propelling technological advancements globally.

Wayve’s Bold Step: Softbank-Backed Startup Launches AI Test Drives in San Francisco

5 months ago

In a significant advancement for autonomous vehicle technology, Wayve, a leading startup backed by Softbank, has officially launched its AI test drive program in the vibrant streets of San Francisco. This initiation marks a pivotal moment in the race towards widespread deployment of self-driving cars, showcasing a strategic move from the UK-based company aiming for a foothold in the competitive US market.