The Information:
Source: Israeli cybersecurity company Cybereason, which is valued at $2.5B, is looking for a buyer after abandoning plans to go public earlier in 2022 — Cybereason, a prominent Israeli security software firm valued at $2.5 billion by investors including Google, SoftBank …
Ingrid Lunden / TechCrunch:
General Atlantic to buy out SoftBank’s entire 15% stake in game-based online learning service Kahoot for about $152M; SoftBank spent $215M+ for the stake — SoftBank’s retreat from its past investing exuberance continues apace. This morning, Kahoot, the Norwegian startup that provides …
Meridith Levinson / Cybersecurity Software:
Survey of 1,203 cybersecurity professionals: 33%+ said their organization lost more money from holiday or weekend ransomware attacks, up from 13% in 2021 — As the holidays approach, security leaders wanting to give their teams some much deserved extra time off may get caught in a bind.
Meir Orbach / CTech:
Source: Israeli cybersecurity startup Cybereason laid off 200 employees, or 17%, after letting ~100 staff go in June and filing for a US IPO earlier in 2022 — This is the second round of layoffs at the company, which parted ways with around 100 employees in June
Anton Wilen / Bloomberg:
SoftBank, which bought a 10% stake in Twilio competitor Sinch in November 2020, sells its remaining 5% stake; Sinch’s stock has fallen 93% since September 2021 — Japanese investor SoftBank Group Corp has sold its entire stake in Sinch AB following a share price collapse of more than 90% in the Swedish cloud-based platform provider.
Bloomberg:
SoftBank CEO Masayoshi Son plans to visit Seoul for the first time in three years “to discuss a strategic alliance for Arm with Samsung” — SoftBank Group Corp.’s Masayoshi Son plans to visit Seoul for the first time in three years and discuss a potential partnership between Arm Ltd. and Samsung Electronics Co.
Bloomberg:
Sources: SoftBank is planning to cut at least 20% of staff, or around 100 positions, at its loss-making Vision Fund operation, mostly in the UK, US, and China — SoftBank Group Corp. is planning to cut at least 20% of staff at its loss-churning Vision Fund operation, following public pledges …
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