SoftBank and Grab plan USD 1.85 bln investment in Malaysian AI infrastructure

SoftBank reported a $7 billion loss for Q3, driven by a $3.7 billion write-down on data center equipment and a decline in Arm shares. The company's net income for the half-year ended in a loss of $4.9 billion, compared to a profit a year earlier. SoftBank also faces challenges with its OpenAI investment and regulatory hurdles in China.

SoftBank sold a 1.65% stake in Meesho for Rs 1,885 crore, reducing its holding to 5.19%. The sale, at Rs 246.75 per share, involved institutional investors. Meesho's shares rose 1.53% on Friday. Meesho's Q2 net loss narrowed 67.8% YoY, while revenue grew 34%.

SoftBank sold a 1.65% stake in Meesho for ₹1,885 crore, reducing its holding to 5.19%. The sale, at ₹246.75 per share, saw participation from institutional investors like Societe Generale and Morgan Stanley. Meesho's shares rose 1.53% on the NSE. This follows SoftBank's recent stake sales in other Indian companies like Lenskart and Ola Electric.

SoftBank sold a 1.65% stake in Meesho for ₹1,885.17 crore, with Fidelity and Societe Generale among the buyers. The sale reduces SoftBank's holding to 5.19%. Meesho shares closed 1.16% higher at ₹257.07. This follows an earlier sale in September 2026.

SoftBank sold 7.6 million Meesho shares for ₹1,885.2 crore at ₹246.75 per share, a 4% discount. Buyers included Fidelity, Societe Generale, and Morgan Stanley. Meesho's stock has risen 32.8% in three months, with Q2 losses narrowing to ₹132.5 crore. SoftBank now holds 6.84% of Meesho's equity.

SoftBank reported a $7B quarterly loss, with $3.7B tied to down payments for gas turbine equipment at the PORTS Technology Campus. The project, part of DOE's American Energy Hub initiative, faces local opposition to data centers. DOE estimates the campus will create 10,000 construction jobs and 2,000 permanent jobs. The campus is on track for environmental review completion by January 29, 2027.