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SoftBank's Son sticks with gut-led investing in chat with Alibaba's Jack Ma

SoftBank's Son sticks with gut-led investing in chat with Alibaba's Jack Ma

Fri, Dec 06, 2019

Son`s comments come weeks after he was forced to bail out office-sharing startup WeWork when Neumann`s level of control over his firm and hard-partying ways chilled investor appetite and crashed plans for an initial public offering (IPO).

Japanese fashion tycoon Maezawa shows off $900 million SoftBank payday

Japanese fashion tycoon Maezawa shows off $900 million SoftBank payday

Mon, Dec 02, 2019

Japan`s Yusaku Maezawa on Friday posted footage of a $900 million payday for the fashion magnate following his sale of a stake in Zozo Inc, the online fashion retailer he founded, to SoftBank Group Corp.

SoftBank to create $30 billion tech giant with Yahoo Japan, Line Corp merger

SoftBank to create $30 billion tech giant with Yahoo Japan, Line Corp merger

Mon, Nov 18, 2019

SoftBank Corp plans to merge internet unit Yahoo Japan with messaging app operator Line Corp to create a $30 billion tech giant.

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Snapdeal employees may get salary increments of over 20% this year

Snapdeal employees may get salary increments of over 20% this year

Mon, Apr 10, 2017

What is bigger news for Snapdeal employees is that the letter mentioned that the overall increments this year will be higher than those offered last year.

Why fate of Snapdeal's employees is a big question if sale to Flipkart goes through

Why fate of Snapdeal's employees is a big question if sale to Flipkart goes through

Sun, Apr 09, 2017

Acquisition of start-ups have been followed up with layoffs over the last few years. Will Snapdeal's 2,500 employees suffer the same fate?

SoftBank preps Snapdeal for sale, looks to buy Kalaari, Nexus stakes - reports

SoftBank preps Snapdeal for sale, looks to buy Kalaari, Nexus stakes - reports

Wed, Apr 05, 2017

Such a move would allow SoftBank, which owns more than a 30 percent stake in Snapdeal, to consolidate its ownership position and put it in the driver`s seat to negotiate any deal.

Under pressure, Snapdeal woos staff with promises of profit

Under pressure, Snapdeal woos staff with promises of profit

Tue, Apr 04, 2017

Seeking to calm employees rattled by reports of a cash crunch, the founders of Indian online retailer Snapdeal have gone directly to them with a string of townhall meetings in past weeks, according to sources, promising profit and brushing off takeover talk.

Uber stalls India leasing scheme as driver incomes drop - sources

Uber stalls India leasing scheme as driver incomes drop - sources

Fri, Mar 24, 2017

Uber had planned to buy 15,000 new cars last year and lease them out in a bid to attract more drivers - a strategy it has used in other markets - but it suspended the scheme for a while in December after leasing just a third of that total.

SoftBank-backed Snapdeal in deal talks with rivals Flipkart, Paytm: Report

SoftBank-backed Snapdeal in deal talks with rivals Flipkart, Paytm: Report

Wed, Mar 22, 2017

Softbank is expected to inject up to $50 million in bridge financing until a deal is finalised.

Softbank expects ARM to deliver 1 trillion IoT chips in next 20 years

Softbank expects ARM to deliver 1 trillion IoT chips in next 20 years

Mon, Feb 27, 2017

Softbank`s semiconductor subsidiary ARM will deliver about a trillion chips designed for the so-called internet of things (IoT) over the next 20 years, the chairman and CEO of the Japanese company said on Monday.

Paytm throws lifeline to Snapdeal, Stayzilla ex-staffers

Paytm throws lifeline to Snapdeal, Stayzilla ex-staffers

Sun, Feb 26, 2017

Paytm founder and CEO Vijay Shekhar Sharma tweeted: "Hello, Tech/Product people in Delhi NCR, feeling heat of business restructuring. We welcome you @Paytm and @Paytm-Mall with open arms."

Softbank, Foxconn enter into JV for expansion in the US

Softbank, Foxconn enter into JV for expansion in the US

Fri, Feb 24, 2017

Foxconn will invest $600 million for a majority stake in Softbank's subsidiary.

SoftBank loses $350 million on Indian investments including Ola, Snapdeal

SoftBank loses $350 million on Indian investments including Ola, Snapdeal

Thu, Feb 09, 2017

Japan's multinational telecom and internet firm SoftBank has reported $350 million loss on its investments in India including its investments in Ola and Snapdeal.

Kunal Bahl expects Snapdeal to turn profitable in next 2 years

Kunal Bahl expects Snapdeal to turn profitable in next 2 years

Mon, Feb 06, 2017

Despite reporting a loss of Rs 29.6 billion ($441 million) in the financial year to March 31, 2016, the CEO expects Snapdeal to turn profitable in the next 2 years.

Snapdeal in talks to raise fresh funds from Japan's telecom & internet firm SoftBank

Snapdeal in talks to raise fresh funds from Japan's telecom & internet firm SoftBank

Wed, Jan 25, 2017

Online e-commerce company Snapdeal is in talks with SoftBank to raise fresh funds at lower valuation.

PropTiger.com and Housing.com announce merger; Jason Kothari to exit

PropTiger.com and Housing.com announce merger; Jason Kothari to exit

Tue, Jan 10, 2017

KEY HIGHLIGHTS:

Apple confirms $1 bn investment in SoftBank

Apple confirms $1 bn investment in SoftBank

Thu, Jan 05, 2017

"Apple is planning to invest $1 billion in SoftBank`s Vision Fund. We have worked closely with SoftBank for many years and we believe their new fund will speed the development of technologies which may be strategically important to Apple," the company said in a statement.

Foxconn to invest $8 billion in China LCD plant

Foxconn to invest $8 billion in China LCD plant

Sat, Dec 31, 2016

Taiwan tech-giant Foxconn plans to build an $8.8-billion factory in China, state media said on Saturday, amid reports its billionaire boss is cooling off on future US investments.

Ola likely to raise funds at 40% lower valuation

Ola likely to raise funds at 40% lower valuation

Fri, Nov 25, 2016

The news about the company raising $600 million was first reported by PTI in the beginning of the month.

SoftBank writes down India investment by $560 million

SoftBank writes down India investment by $560 million

Tue, Nov 08, 2016

Japan's SoftBank Corporation has booked an investment loss of 58.14 billion yen ($560 million or nearly Rs 3,725.54 crore) on its investments in India including cab-hailing firm Ola and e-commerce company Snapdeal.

Ola wants govt to stop 'capital dumping' by rivals

Ola wants govt to stop 'capital dumping' by rivals

Sun, Nov 06, 2016

Ola is present in 102 cities and claims over 4,50,000 drivers on its platform with cabs, auto-rickshaws, taxis and bike taxis.

Saudi Arabia, SoftBank aim to be world's No 1 tech investor with $100 billion fund

Saudi Arabia, SoftBank aim to be world's No 1 tech investor with $100 billion fund

Sat, Oct 15, 2016

Saudi Arabia and Japan's SoftBank Group will create a technology investment fund that could grow as large as $100 billion, making it one of the world's largest private equity investors and a potential kingpin in the industry.

SoftBank-led investor group invests $750 million in taxi-hailing app Grab

SoftBank-led investor group invests $750 million in taxi-hailing app Grab

Tue, Sep 20, 2016

Grab's announcement comes a few weeks after Uber sold its China operations to bigger domestic rival Didi, an existing Grab investor, and analysts have said Uber may focus its efforts and money elsewhere, such as in Southeast Asia.

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