The companies have announced a new blockchain-based solution that will bring the distributed ledger technology to the telecommunications industry.
Vision Fund, SoftBank’s tech investment arm, posted a loss of 4.3 trillion yen for its fiscal year that ended March 31st.
With the growth of artificial intelligence (AI) amid the booming blockchain technology Arm is assured of a growing semiconductor market.
Following the IPO, Rakuten Bank is billed to finally go public on the Tokyo Stock Exchange on April 21.
While Alibaba still maintains its dominance in most of the industries it is invested in, earlier the company unveiled plans to split itself into 6 functional units.
SoftBank & Ant Group previously offered to sell their Paytm stakes to Bharti Airtel founder-chairman Sunil Mittal.
The broader tech selloffs impacted the Vision Fund Q4 2022 performance over the past year since the fund has stakes in several tech companies.
The UK PM has been in renewed talks with relevant stakeholders regarding an Arm IPO listing on the London Stock Exchange.
Fanatics is looking to use the funds for potential merger and acquisition opportunities across its gaming, collectibles, and betting businesses.
Despite the immediate bearish sentiment engulfing Paytm shares, analysts are still optimistic that the company will see brighter days ahead.
The company said that it took them longer-than-expected to secure the funding due to the crypto winter of 2022.