In a statement UK-based consumer brands THG Plc stated, it is in the process of raising $1 billion in fresh capital, including about $730 million from a unit of SoftBank Group and the remainder from other investors. THG went on to add,… Read More ›
Softbank Group
SoftBank Group Corp’s shares soar above 10,000 yen, hits two decade high
On Tuesday, shares of SoftBank Group Corp soared above 10,000 yen apiece hitting its two-decade highs. The development comes a day after the group’s Vision Fund unit reported record profits as portfolio company listings accelerate. As of 0055 GMT, shares… Read More ›
SoftBank’s Vision Fund’s venture in Saudi Arabia to create world’s biggest solar producing company
Although Saudi Arabia is one of the world’s sunniest countries, its solar power footprint is minuscule. This project, to a big extent, diversifies it economy, greenifies and balances its power generation industry which traditionally has been largely oil-fired power. As… Read More ›
Japan’s SoftBank Group aims to sell its Japanese wireless business to raise at least $18 billion
The SoftBank Group’s proposed $18 billion (2 trillion yen) IPO would mark it as one of the biggest listings by a Japanese company. On Monday, the SoftBank Group Corp disclosed, it is considering an IPO for its Japanese wireless business… Read More ›
Softbank’s SoftVision Fund to invest $300 million in food delivery startup, DoorDash
San Francisco based DoorDash, is an on-demand restaurant delivery service started by 3 students from Stanford University. SoftBank Group Corp plans on investing nearly $300 million into San Francisco-based food delivery startup DoorDash. The investment will be routed through… Read More ›
Uber’s non-disclosure of the contents of a letter likely to significantly damage its case against Alphabet’s Waymo
This legal case, between Alphabet Inc’s Waymo and Uber, is likely to set a legal precedence. It is also likely to lead to further complications for its former CEO, Travis Kalanick. In a damning disclosure, one of Uber Technologies’ attorney… Read More ›
SoftBank’s CEO interested in investing in Lyft and in Uber Technologies
Although he has evinced an interest, the matter is still open to a final call. Masayoshi Son, the CEO of the SoftBank Group, has disclosed he is interested in investing in ride-hailing firms Lyft and Uber Technologies. However he has… Read More ›
Softbank looking potentially to consolidate the operations of T-Mobile & Sprint
If Softbank has its way, a merger between the two U.S. wireless telecom operators are in the cards. With Reuters reporting that Japanese SoftBank Group Corp is preparing to cede control of Sprint Corp to T-Mobile US Inc in order… Read More ›
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