SoftBank Group has raised as much as $22 billion in cash by selling a type of derivatives using its shareholdings in Chinese e-commerce giant Alibaba Group, the Financial Times reported. SoftBank has this year sold prepaid forward contracts on about one-third of its stake in Alibaba, the FT said. Those derivatives allow the Japanese tech investment firm to raise cash while retaining the...
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On the Market: The Founders Who Joined Microsoft, Spotify, Coinbase and Twitter
Call them acqui-fires. Several founders who took positions at the bigger tech companies that bought their startups recently lost their jobs when layoffs rolled through Silicon Valley. That means managers and engineers who also have the entrepreneurial bug are now on the market. Twitter’s most recent round of job cuts included at least four such founders, including the entrepreneurs behind...
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
Amazon Laying Off 9,000 More Employees, Including in AWS, Ads, Twitch
FDIC Sets Deadline for SVB Bids
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