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Monday, June 17, 2019

Tag: SoftBank

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.

SoftBank COO pulls out of Saudi Arabia conference

SoftBank's Claure requested the organisers of the Saudi Arabia conference to remove his name from the list of speakers, and said he will not attend.

SoftBank IPO banks said to commit to US$9 billion Vision Fund...

SoftBank, led by billionaire Masayoshi Son, had earlier told potential underwriters seeking a large role on the IPO that they should offer to lend to other parts of the parent company’s empire.

SoftBank deepening ties with ride-hailing Grab with US$500 million funding

Grab is likely to tap strategic and financial firms for the remainder of the funding and this could be the final major funding before a potential IPO in a few years.

SoftBank, Toyota team up on ride-hailing, self-driving cars

Monet Technologies Corp will initially introduce ride-hailing services for Japanese public agencies and private companies, followed by a rollout of autonomous vehicles in 2020.

SoftBank to raise US$100 billion fund every 2-3 years

The Vision Fund has made investments in technology companies including ride-hailing firm Uber Technologies Inc and shared-office space firm WeWork.

SoftBank said to seek loans from banks pitching for mega IPO

SoftBank Group Corp has told potential underwriters seeking a large role in the blockbuster IPO of its Japanese wireless unit that they should offer to lend to other parts of the parent company’s empire.

Saudi sovereign fund appoints ex-CEO of Dow Chemical as special adviser

PIF said Liveris had extensive experience working in Saudi Arabia the last two decades and under his leadership, Dow DuPont worked with Aramco to develop the Sadara Chemical petrochemical complex.