The Kingdom Public Investment Fund along with Japan’s SoftBank have already begun installing the utility-scale 200GW of solar power in the country. Saudi Arabia’s energy minister Khalid al-Falih stated at a post-budget event that the Kingdom has started implementing an… Read More ›
SoftBank’s shares have appreciated by 54% in the last 5 years. Although its market capitalization is $87 billion, in comparison Alibaba has a market capitalization of $480 billion and the value of its shares have doubled since their listing on… Read More ›
Last week, Jeff Bezos, Amazon’s founder and CEO told shareholders in a letter that Amazon India is its fastest growing marketplace: in its first year of Amazon Prime, Amazon added more members in India than any other location in Amazon’s… Read More ›
Nauto has had the distinction of attracting big names from the auto industry in its funding rounds. Palo Alto-based Nauto, a Silicon Valley startup which develops software for self-driving vehicles, has disclosed it closed a $159 million series B funding… Read More ›
SoftBank could potentially invest nearly $3 billion into WeWork through its Vision Fund. A source familiar with the matter at hand has disclosed that SoftBank Group Corp has invested $300 million in WeWork, a shared-office space company. The investments is… Read More ›
WeWork continues to raise capital ahead of its planned listing. After this deal, the company will be valued at more than $20 billion. CNBC has reported today, that SoftBank Group Corp is all set to sink in $3 billion into… Read More ›
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 ›
The acquisition of an alternative investment heavyweight such as Fortress assumes significance since it signifies a widening of SoftBank’s portfolio, which has typically catered to the technology and telecom sector. With the SoftBank Group Corp preparing to launch the world’s biggest… Read More ›
WeWork had also held discussions regarding investments from Uber Technologies. Discussions with Softbank are on-going and there is no certainty that it will result in a deal. The Wall Street Journal has reported citing sources familiar with the matter at… Read More ›
The shock verdict has led to a fall of business and investor confidence in the British economy. The fall of the pound has made the UK companies easy picking for foreign companies who have snapped up lucrative deals. The shocking… Read More ›
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