U.S. hedge fund Elliott Management will be closing its office in Hong Kong. It has shifted responsibility for Asian investment decisions to London and Tokyo in the last three years. According to a source familiar with the matter at hand,… Read More ›
According to three sources familiar with the matter at hand, food delivery and ride hailing giant Grab is exploring a potential listing in the United States. The development comes midst robust investor appetite for IPOs. Grab aims to raise at… Read More ›
On Wednesday, in a statement SoftBank Group Corp said, its shares were down 5% in afternoon trade on Wednesday extending this week’s downward trot, with the bear trend wiping off $15 billion from its market capitalization, with investors worried about… Read More ›
On Monday, a report from the Wall Street Journal citing anonymous sources stated SoftBank Group Corp is in talks to sell “a significant portion” of its stake in T-Mobile US to controlling shareholder Deutsche Telekom AG. “A deal would see… Read More ›
On Monday, SoftBank Group Corp stated, Alibaba co-founder Jack Ma will resign from its board. Jack Ma’s departure is the latest high profile departure from Softbank’s board. Ma, who retired as Alibaba’s executive chairman in September 2019, is increasingly pulling… Read More ›
On Friday, in a statement SoftBank Group Corp stated, it will be buying up to 7% of its shares for as much as $4.77 billion (500 billion yen). The buyback program, which will commence from Monday will continue over a… Read More ›
On Thursday, Mercari Inc, a fleamarket app operator stated, it has decided to acquire QR code payment app operator Origami for an undisclosed sum. The deal marks the latest consolidation in the industry even as cashless payments take off in… Read More ›
In a statement, shared workplace operator WeWork disclosed, it has arranged a $1.75 billion letter of credit with Goldman Sachs, which is in the process of being syndicated and it expects to tap the fund in January 2020. The line… Read More ›
Office sharing startup may opt for JPMorgan’s financing package over Japan’s SoftBank Group Corp’s offer which comes with more strings attached. According to a report from Bloomberg, WeWork prefers the option of a near $5 billion financing package led by… Read More ›
The move could potentially see Uber pull back from its global expansion drive. As per a source with knowledge of the talks, Grab, Southeast Asia’s biggest ride-hailing firm, is in advanced negotiations with Uber Technologies to acquire some parts of… Read More ›
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