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Wednesday, October 16, 2019

Tag: SoftBank

Softbank’s plans for second mega-fund hit by WeWork debacle

Masayoshi Son is still determined to go ahead with Vision Fund 2 even though some lieutenants have urged a delay.

SoftBank pushes WeWork to postpone its contentious IPO

In the span of a few months, WeWork has gone from one of America’s most valuable unicorn startups to a punchline in investment circles.

SoftBank to lend employees up to US$20 bil for fund

The move comes following the success of an earlier US$100 billion fund to invest in tech startups.

Indonesia plans auto-rules overhaul to form electric-car hub

The country is vying with nearby Singapore and Thailand to become the dominant force in Southeast Asia for electric cars, part of an effort to fortify the local economy and reduce reliance on imported oil.

Asian markets tumble after disappointing US earnings

Strong American economic data, including Thursday's report showing an increase in durable goods sales in June, has investors fearing a less dovish Federal Reserve announcement.

25-year-old founder will spend US$2 bil to raise stake in Oyo

Oyo, which helps users book hotel rooms from India and China to the UK and US, grew revenue more than four times in June compared with a year earlier.

If SoftBank won’t invest in Japan, why should you?

With few appealing options in Japan, no wonder the likes of Masayoshi Son choose to take their venture-capital dollars elsewhere.

Two Japanese carriers postpone release of Huawei phones

Japanese carries will delay in releasing Huawei' P30 lite Premium smartphone.

SoftBank’s market value slides US$9 billion as Uber IPO flops

Son has been remaking SoftBank Group from primarily a telecommunications operator into a technology investment firm.

What Uber’s IPO tells us about SoftBank’s big ride-hailing bet

One analyst crunched the numbers to find plenty of promise: He figures Masayoshi Son has already made close to US$9 billion on paper.

SoftBank planning IPO of US$100 bln Vision Fund

SoftBank is in talks with Oman for an investment in the fund, which has raised nearly all of its funding so far from Saudi Arabia and Abu Dhabi.

SoftBank invests US$125 mln in Alphabet venture

This new venture aims to provide high-speed internet to remote areas by fly networking equipment at high altitudes.

Uber lands massive investment for self-driving unit

The funding allows Uber to transfer some of the substantial cost of developing self-driving cars onto outside investors.

Why one startup founder turned down a US$1.1 bil SoftBank deal

SoftBank invested in Ola rival Uber and tried to merge the two companies.

Uber near sale of US$1 billion stake in self-driving unit

Uber has been exploring a deal to bring on outside investors for the self-driving business since last year.

SoftBank plans US$5.5 bil buyback with telecom IPO proceeds

The sum represents a massive 10% of issued shares aimed at improving finances and shareholder returns.

SoftBank’s Vision Fund nearing US$1.5 billion investment in SE Asia’s Grab

SoftBank is expected to finalise its investment in Grab this month.

SoftBank mobile unit in record IPO but flops on market debut

SoftBank shares finished the session at 1,282 yen, down 14.5% from the IPO price.

Japan’s SoftBank to shun Huawei in favour of Ericsson, Nokia equipment

SoftBank will also order equipment for its next-generation 5G network from the two European suppliers instead of Huawei.

SoftBank is said to place all shares for US$23 billion IPO

SoftBank and its bankers also embarked on a marketing campaign to attract retail investors.

SoftBank unveils US$21 billion IPO of Japan mobile business

The Japanese technology conglomerate plans to sell 1.6 billion shares at 1,500 yen apiece.

SoftBank posts eight-fold jump in first-half net profit

Net profit rose to 840 billion yen (US$7.4 billion) from 103 billion yen during the same period last year, the Japanese mobile giant and IT investor said.

SoftBank boss condemns Khashoggi murder, but won’t end ties

As horrible as this event was, we cannot turn our backs on the Saudi people as we work to help them in their continued efforts to reform and modernise their society.

SoftBank’s Son cancels Saudi conference speech

Son's absence from the stage is in marked contrast to last year's inaugural event, where the 61-year-old Japanese entrepreneur was a notable presence lending credence to Saudi Crown Prince Mohammed bin Salman's efforts to attract foreign investment.