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Softbank exits Paytm at loss of around $150 million

Softbank exits Paytm at loss of around $150 million

Sat, Jul 13, 2024

Softbank held around 18.5 per cent stake in Paytm before the company's initial public offering (IPO) in 2021. It held a 17.3 per cent stake through SVF India Holdings (Cayman) Ltd and 1.2 per cent through SVF Panther (Cayman) Ltd.

Japan's SoftBank cuts stake in Paytm to under 3%

Japan's SoftBank cuts stake in Paytm to under 3%

Thu, Feb 29, 2024

The stock has fallen 48.5 per cent and lost around 234 billion rupees ($2.8 billion) in value since the Reserve Bank of India on January 31 ordered the company to wind down its banking arm citing persistent non-compliance with regulations.

Japan's SoftBank Group marks a return to profit as it cuts Vision Fund losses

Japan's SoftBank Group marks a return to profit as it cuts Vision Fund losses

Thu, Feb 08, 2024

Tokyo-based SoftBank reported a 950 billion yen (USD 6.4 billion), profit for the October-December quarter, a reversal from a 783 billion yen loss in the same period a year earlier.

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Warrent Buffet's Berkshire Hathaway in talks to buy stake in Paytm: Report

Warrent Buffet's Berkshire Hathaway in talks to buy stake in Paytm: Report

Mon, Aug 27, 2018

One of Berkshire`s key fund managers, Todd Combs, who is also seen as a potential chief investment officer at the company, is leading the transaction, the newspaper reported.

SoftBank monetises investments as telco IPO looms

SoftBank monetises investments as telco IPO looms

Mon, Aug 06, 2018

Japan`s SoftBank Group Corp on Monday reported a 49 percent rise in first-quarter operating profit, boosted by the sale of its stake in Indian e-commerce firm Flipkart - the first public divestment by its Vision Fund.

SoftBank joins GM in self-driving car push; GM shares soar

Thu, May 31, 2018

SoftBank Group Corp will invest $2.25 billion in General Motors Co`s autonomous vehicle unit Cruise, the companies said on Thursday, a deal that validates the venerable Detroit automaker`s leadership in self-driving cars and sent GM shares up more than 10 percent.

SoftBank confirms selling 'entire stake' in Flipkart to Walmart

SoftBank confirms selling 'entire stake' in Flipkart to Walmart

Wed, May 23, 2018

Walmart had, on May 9, announced that it will pay about USD 16 billion to buy about 77 per cent stake in Flipkart. While significant shareholders in the Bengaluru-based company like Naspers, venture fund Accel Partners and eBay had agreed to sell their shares, SoftBank had not taken a final call.

E-commerce, life science deals drive PE VC investments to $2.4 bn

E-commerce, life science deals drive PE VC investments to $2.4 bn

Mon, May 21, 2018

Private equity and venture capital investments in April were up 23% at $2.4 billion

Flipkart deal killer? This is why Softbank does not want to sell its stake to Walmart

Flipkart deal killer? This is why Softbank does not want to sell its stake to Walmart

Fri, May 11, 2018

Flipkart deal killer or a demand for more? SoftBank's Masayoshi Son may have put a hurdle on Flipkart-Walmart deal. SoftBank Group Corp will reportedly take a call in the next 7-10 days on whether to exit Flipkart or stay invested for some more time.

Massive setback to Flipkart-Walmart $16 bn pact; will it kill the deal?

Massive setback to Flipkart-Walmart $16 bn pact; will it kill the deal?

Fri, May 11, 2018

Walmart has bought 77 per cent of Flipkart in a deal valued at $16 bn and yet, today a deal killer has emerged on the horizon! It has so transpired that Japan's SoftBank Group Corp has reportedly not yet decided to sell its 20-22 per cent stake in Flipkart to US retailer Walmart Inc.

Flipkart-Walmart deal: What we know so far

Flipkart-Walmart deal: What we know so far

Wed, May 09, 2018

Walmart Inc is acquiring Indian e-commerce player Flipkart, the chief executive of one of Flipkart`s biggest shareholders, SoftBank Group, said on Wednesday. According to Reuters, the US retail giant would be investing $16 billion in Flipkart for a controlling stake of more than 51 percent at a valuation of about $21 billion.

Flipkart deal done? Walmart may make announcement in just days

Flipkart deal done? Walmart may make announcement in just days

Tue, May 08, 2018

Walmart is likely to announce its much-anticipated deal to buy a controlling stake in Indian e-commerce player Flipkart before the end of this week, two sources said, in what is likely to be the U.S. retail giant`s biggest acquisition of a business.

Sprint Corp, T-Mobile deal: SoftBank CEO Masayoshi Son clinches his biggest deal by letting go

Sprint Corp, T-Mobile deal: SoftBank CEO Masayoshi Son clinches his biggest deal by letting go

Mon, Apr 30, 2018

SoftBank Group Corp CEO Masayoshi Son has made a name for himself as the ultimate dealmaker, raising almost $100 billion for investments with his Vision Fund. Yet after four years of haggling, he has scored his biggest deal by simply letting go.

Flipkart sale: How Tiger Global, Softbank will gain if Walmart snaps-up e-retailer

Flipkart sale: How Tiger Global, Softbank will gain if Walmart snaps-up e-retailer

Tue, Apr 24, 2018

Like they say, it ain’t over till the fat lady sings. As the saga of the Flipkart-Walmart deal looks to draw to a close, it will be interesting to see which of the big investors get an exit - Tiger Global, SoftBank, or Naspers?

This is when Flipkart sale to Walmart could happen; Amazon.com set to lose race

This is when Flipkart sale to Walmart could happen; Amazon.com set to lose race

Sat, Apr 21, 2018

Walmart Inc could seal a deal to buy a more than 51 percent stake in Indian online marketplace Flipkart as early as next week, two sources familiar with the matter said on Friday

SoftBank, GCL tie up for $930 mn India JV for solar equipment

SoftBank, GCL tie up for $930 mn India JV for solar equipment

Tue, Apr 03, 2018

According to the MoU, GCL Group and Softbank Investment agree to be directly or through their respective affiliates or subsidiaries in India, will establish a JV in which Softbank Investment (or its affiliates or related companies) is a joint venture company.

Uber to sell Southeast Asia business to rival Grab: Sources

Uber to sell Southeast Asia business to rival Grab: Sources

Mon, Mar 26, 2018

Uber, which is preparing for a potential initial public offering in 2019, lost $4.5 billion last year and is facing fierce competition at home and in Asia, as well as a regulatory crackdown in Europe.

China's Didi, SoftBank target Japan in taxi-hailing push

China's Didi, SoftBank target Japan in taxi-hailing push

Fri, Feb 09, 2018

China`s Didi Chuxing and SoftBank Group Corp will roll out a venture in Japan later this year to provide ride-hailing services, amid a global battle to control the technology increasingly central to urban transport.

Microsoft issues update to disable Intel's buggy Spectre patch

Microsoft issues update to disable Intel's buggy Spectre patch

Tue, Jan 30, 2018

Microsoft said its latest update prevented computers to reboot unexpectedly and urged affected customers to manually download it from the Microsoft Update Catalog website.

SoftBank plans $18 billion IPO of mobile phone unit: Nikkei

SoftBank plans $18 billion IPO of mobile phone unit: Nikkei

Mon, Jan 15, 2018

SoftBank Group plans to list its mobile phone business and raise some $18 billion, the Nikkei newspaper has said, a spin-off that would complete the Japanese telecoms conglomerate`s transformation into a global technology investor.

Paytm eyes top spot in e-comm biz in 3-5 yrs; to infuse $2.5 billion

Paytm eyes top spot in e-comm biz in 3-5 yrs; to infuse $2.5 billion

Sun, Dec 03, 2017

Paytm E-commerce Pvt Ltd, which operates an online shopping portal for digital and physical goods, is latest to enter the e-commerce space where rivals Amazon and Flipkart are pouring in billions of dollars to boost market share.

Softbank proposes to buy Flipkart shares at a reduced valuation

Softbank proposes to buy Flipkart shares at a reduced valuation

Thu, Nov 30, 2017

Softbank has reportedly sought to buy Flipkart shares from its investors and former employees at a reduced valuation.

SoftBank offering to buy Uber shares at 30% discount

SoftBank offering to buy Uber shares at 30% discount

Tue, Nov 28, 2017

Japan`s SoftBank Group Corp <9984.T> is offering to purchase shares of Uber Technologies Inc [UBER.UL] at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on Monday.

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