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Arm to cut almost one thousand jobs after their deal with Nvidia deal fell through. The Cambridge-based software design company - which was acquired by SoftBank back in 2016 and designs the microchips used in billions of electronic devices around the globe - was initially set to have been bought by Nvidia in a deal worth $40 billion but it was called off back in February and now the company are reportedly set to lose up to 15% of their 6,500 staff. Chief executive Rene Haas told Reuters: "Like any business, Arm is continually reviewing its business plan to ensure the company has the right bala...
BANG Showbiz English
YOLO Softbank! News broke this week that the colorful CEO of Softbank, Masayoshi Son, has been betting big on US technology companies. According to the Wall Street Journal, Softbank’s Masa used $4Billion to buy options in US technology stocks on behalf of the Japanese telecom conglomerate.Q2 2020 hedge fund letters, conferences and moreSoftbank Buys Short-Dated Options On Tech StocksWhile the details of the trades are still speculative, AFAIK, the most popular narrative is that Softbank bought $4B of short-dated options on tech stocks, which meant that the options dealers who sold those call o...
ValueWalk
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