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SoftBank-backed Snapdeal files for IPO, consists $165.09 million fresh issue of shares

SoftBank-backed Snapdeal files for IPO, consists $165.09 million fresh issue of shares

Tue, Dec 21, 2021

Several SoftBank-backed companies and many popular names such as payments platform Paytm, beauty e-commerce retailer Nykaa and food delivery platform Zomato have sought a listing in India this year as ample liquidity and strong retail participation pushed the stock market to record levels.

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Better.com CEO Vishal Garg apologises for mass layoffs over Zoom call

Better.com CEO Vishal Garg apologises for mass layoffs over Zoom call

Wed, Dec 08, 2021

In a letter to employees that was leaked on Blind, an anonymous community app for the workplace, Garg said: "I failed to show the appropriate amount of respect and appreciation for the individuals who were affected and for their contributions to Better. I own the decision to do the layoffs, but in communicating it I blundered the execution. In doing so, I embarrassed you."

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SoftBank shares jump 10% on $9 billion buyback

SoftBank shares jump 10% on $9 billion buyback

Tue, Nov 09, 2021

SoftBank Group Corp shares jumped 10% on Tuesday, the first trading session after the Japanese conglomerate said it would spend up to 1 trillion yen ($8.8 billion) buying back almost 15% of its shares.  

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Ola Electric raises over $200 million; valuation stands at $3 billion

Ola Electric raises over $200 million; valuation stands at $3 billion

Thu, Sep 30, 2021

The fundraise comes at a time when Ola has already set the benchmark in two-wheeler sales by selling over US$150Mn of scooters in its first purchase window 

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Cars24 raises $450 mn, valuation nearly doubles to $1.84 bn

Cars24 raises $450 mn, valuation nearly doubles to $1.84 bn

Mon, Sep 20, 2021

With the chip crunch driving up prices, automakers such as Maruti Suzuki India, Tata Motors and Mahindra and Mahindra have taken production hits and raised prices of certain vehicles.

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SoftBank''s Vision Fund posts $2 billion profit, share weakness casts shadow

SoftBank''s Vision Fund posts $2 billion profit, share weakness casts shadow

Tue, Aug 10, 2021

SoftBank Group Corp`s Vision Fund unit on Tuesday posted a 236 billion yen ($2.14 billion) profit in the first quarter after gains from listing portfolio companies were offset by falling shares in firms like e-retailer Coupang Inc.

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SoftBank's Son sticks with gut-led investing in chat with Alibaba's Jack Ma

SoftBank's Son sticks with gut-led investing in chat with Alibaba's Jack Ma

Fri, Dec 06, 2019

Son`s comments come weeks after he was forced to bail out office-sharing startup WeWork when Neumann`s level of control over his firm and hard-partying ways chilled investor appetite and crashed plans for an initial public offering (IPO).

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Japanese fashion tycoon Maezawa shows off $900 million SoftBank payday

Japanese fashion tycoon Maezawa shows off $900 million SoftBank payday

Mon, Dec 02, 2019

Japan`s Yusaku Maezawa on Friday posted footage of a $900 million payday for the fashion magnate following his sale of a stake in Zozo Inc, the online fashion retailer he founded, to SoftBank Group Corp.

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SoftBank to create $30 billion tech giant with Yahoo Japan, Line Corp merger

SoftBank to create $30 billion tech giant with Yahoo Japan, Line Corp merger

Mon, Nov 18, 2019

SoftBank Corp plans to merge internet unit Yahoo Japan with messaging app operator Line Corp to create a $30 billion tech giant.

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SoftBank to tighten governance at start-ups after WeWork debacle

SoftBank to tighten governance at start-ups after WeWork debacle

Tue, Nov 05, 2019

SoftBank Group Corp is expected to outline tougher governance standards and restrictions on dual-class share structures on Wednesday after WeWork pulled its IPO.

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SoftBank to write down minimum $5 billion for WeWork, other losses

SoftBank to write down minimum $5 billion for WeWork, other losses

Fri, Oct 25, 2019

SoftBank Group Corp <9984.T> is poised to write down at least $5 billion to account for a sharp drop in the value of some of its biggest holdings including WeWork and Uber Technologies Inc.

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SoftBank&#039;s WeWork takeover would lead to Adam Neumann&#039;&#039;s exit - sources

SoftBank's WeWork takeover would lead to Adam Neumann''s exit - sources

Tue, Oct 22, 2019

SoftBank Group offered nearly $10 billion on Monday to WeWork and its shareholders under a takeover plan that would keep the US office-space sharing start-up afloat.

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SoftBank aims to oust Adam Neumann as WeWork CEO: Report

SoftBank aims to oust Adam Neumann as WeWork CEO: Report

Mon, Sep 23, 2019

Japanese conglomerate SoftBank Group reportedly wants to oust Adam Neumann as the CEO of WeWork, a US firm that provides shared workspaces for start-ups. WeWork directors were planning an immediate board meeting this week to discuss the details of removing Neumann. 

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SoftBank Corp shares top 1,500 yen IPO price for the first time

SoftBank Corp shares top 1,500 yen IPO price for the first time

Fri, Aug 09, 2019

Shares of SoftBank Corp, which listed in December in Japan`s largest IPO, traded above their 1,500 yen IPO price on Friday for the first time.

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SoftBank Group announces new $108 billion Vision Fund aimed at AI technology

SoftBank Group announces new $108 billion Vision Fund aimed at AI technology

Fri, Jul 26, 2019

Other investors in the fund include the National Investment Corporation of National Bank of Kazakhstan, Standard Chartered Bank, and investors from Taiwan.

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SoftBank set to invest in British financing group Greensill

SoftBank set to invest in British financing group Greensill

Mon, May 13, 2019

A prospective deal between SoftBank Group Corp`s Vision Fund and UK-based financing group Greensill Capital could be announced as early as Monday, a city source told Reuters.

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Japan&#039;s SoftBank invests $1 billion in delivery app Rappi

Japan's SoftBank invests $1 billion in delivery app Rappi

Wed, May 01, 2019

Japan`s SoftBank will invest $1 billion in Colombian delivery app Rappi, marking the first move by its newly created Innovation Fund for Latin America, according to a statement on Tuesday, confirming earlier media reports. 

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Jio attracts Softbank: Japanese Bank may invest $2-3 billion in Mukesh Ambani&#039;s RJio&#039;s deleverages business

Jio attracts Softbank: Japanese Bank may invest $2-3 billion in Mukesh Ambani's RJio's deleverages business

Tue, Apr 23, 2019

Softbank is reportedly looking to make a $2-3 billion investment in Reliance Jio as billionaire Mukesh Ambani looks to deleverage business by selling stakes.

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Uber lands $1 billion from SoftBank, Toyota for self-driving unit

Uber lands $1 billion from SoftBank, Toyota for self-driving unit

Fri, Apr 19, 2019

Uber Technologies Inc said on Thursday that the investment valued its Advanced Technologies Group, which works to develop autonomous driving technology, at $7.25 billion. 

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Inside SoftBank&#039;s push to rule the road: What is Masayoshi Son&#039;s plan?

Inside SoftBank's push to rule the road: What is Masayoshi Son's plan?

Fri, Apr 12, 2019

Uber`s planned initial public stock offering in May is expected to value the company at $90 billion to $100 billion, representing a potential windfall to SoftBank, which put $8 billion into Uber for a 15 percent stake in January 2018. The rising value of that investment will further supercharge Son’s growing clout in the sector, and eventually provide him with additional capital to invest in mobility. 

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