#SoftBank

WeWork

SoftBank’s WeWork, once most valuable US startup, succumbs to bankruptcy

WeWork listed estimated assets and liabilities in the range of $10bn to $50bn

Arm

Here are the key takeaways from Arm’s IPO filing

The regulatory filing touted hundreds of customers and discussed the AI ambitions for the British chip designer

SoftBank

SoftBank’s Arm files for IPO that could be 2023’s biggest

Arm Holdings didn’t disclose proposed terms for the share sale in its filing with the US Securities and Exchange Commission

Mansoor Ebrahim Al-Mahmoud, QIA CEO on sovereign wealth funds in private credit. Image credit: QIA

Sovereign wealth fund QIA joins SoftBank, BlackRock in private credit push

Sovereign wealth funds like the QIA have been increasingly looking at private credit, providing evidence of the market’s rapid growth

Saudi’s Unifonic closes $125m Series B round to drive expansion

This funding marks SoftBank’s first direct investment in a Saudi-based company

Dubai cloud kitchen Kitopi becomes a unicorn after new $415m funding led by SoftBank

The deal marks one of the largest funding rounds for a Middle East technology company

Mubadala

Abu Dhabi’s wealth fund invests in SoftBank-backed tech startup

It invested in Reef Technology, a startup that manages hubs in parking lots used for food delivery and other services

NVIDIA ARM

NVIDIA touted to take over chip manufacturing giant ARM – reports

SoftBank had acquired ARM in 2016 in a deal worth $32bn

Saudi wealth fund said to be seeking $10bn margin loan

PIF is in need of capital as it embarks on an investment spree that has seen it build stakes in some of the world’s largest companies since the start of the coronavirus pandemic