SoftBank Loses $7 Billion After Big US Data Center Writedown

SoftBank Group Corp. reported its first net loss in almost two years after the tech investor swallowed a $3.7 billion writedown over its US data-center projects and AI valuations dipped around the world.

Covered by 6 publishers within 9 hours of the first report.

• Latest 10:11 AM ET The Information: SoftBank Writes Off $3.7 Billion on Advance Payments for Data Center Projects

Summary from Bloomberg.

Reporting6

BL Bloomberg SoftBank Loses $7 Billion After Big US Data Center Writedown · Min Jeong Lee 1:35 AM

CN CNBC SoftBank swings to $7 billion loss after U.S. data center hit and Intel share decline 1:54 AM

ET The Economic Times Tech investor SoftBank Group logs $7 bn quarterly net loss 2:19 AM

FT Financial Times SoftBank slumps to $7bn loss on US data centre writedown 3:33 AM

QZ Quartz SoftBank swung to a $7 billion loss on U.S. data center write-down · Cris Tolomia 7:50 AM

TI The Information SoftBank Writes Off $3.7 Billion on Advance Payments for Data Center Projects · Martin Peers 10:11 AM

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Topics Data centers