Page 18 - Softbank
Softbank plans $41-billion asset sale to expand buyback, cut debt
The Japanese conglomerate, which also operates the $100 billion Vision Fund, is considered especially vulnerable to economic shocks
 "Softbank plans $41-billion asset sale to expand buyback, cut debt")
SoftBank to sell up to $41 billion in assets to buy shares, reduce debt
The buyback tops the $20 billion in purchases sought by activist hedge fund Elliott Management
 "SoftBank to sell up to $41 billion in assets to buy shares, reduce debt")
Coronavirus impact: SoftBank shares close down 17% in biggest one-day fall
SoftBank racked up the second biggest fall in the benchmark index, breaking the 3,000-yen level to close at 2,687 yen.
 "Coronavirus impact: SoftBank shares close down 17% in biggest one-day fall")
SoftBank looks to abandon $3-bn deal as WeWork fails to fulfill conditions
SoftBank in October agreed to buy up to $3 billion WeWork shares from existing investors through a tender offer, as part of a broader bailout worth almost $10 billion
SoftBank unveils $4.8 bn buyback after stock tumble, Elliott backs move
SoftBank shares fell as much 9.6% to a 14-month low on Friday amid a crash in global stock markets, but pared losses to close down 5% in Tokyo.
Top Headlines: Key Cabinet decisions, Coronavirus updates, and more
The government on Friday extended the deadline for submitting bids for buying 100 per cent stake in Air India till April 30. The deadline was originally set at March 17
 "Top Headlines: Key Cabinet decisions, Coronavirus updates, and more")
Indonesia plans 2032 Olympics bid for new capital with SoftBank's backing
Son met with Widodo and Blair about the new capital on Feb. 28, and the discussion included sports facilities but not the Olympics, according to a presidential spokesman
 "Indonesia plans 2032 Olympics bid for new capital with SoftBank's backing")
Oyo to cut about 5,000 jobs in broad overhaul, highest reductions in China
The restructuring in China is in line with the global restructuring exercise announced in January 2020, said sources.
 "Oyo to cut about 5,000 jobs in broad overhaul, highest reductions in China")
SoftBank CEO defends track record, tells US investors he'll be more careful
Son's approach to investing heavily in firms with disruptive technology potential and giving carte blanche to founders of startups he backs has helped make him one of the world's wealthiest investors
Top SoftBank exec ran smear campaigns against Nikesh Arora, Sama: Report
Misra planted negative stories against Nikesh Arora to damage his reputation in the company
Firstcry secures around $400 mn from Softbank as part of series-E funding
FirstCry has emerged as the leader in the sunrise baby and mother care sector segment, prompting rising interest of global investors
 "Firstcry secures around $400 mn from Softbank as part of series-E funding")
SoftBank spends $2.5 bn to get second Vision Fund off the ground: Report
SoftBank was targeting a $108 billion fundraise for the second Vision Fund and had committed $38 billion of its own money towards that goal
Oyo's revenue surges 4 times to $951 million in FY19, but loss widens too
The SoftBank-backed firm has been reported to have been in the process of laying off close to 2,000 employees as it shifts focus towards profitability
 "Oyo's revenue surges 4 times to $951 million in FY19, but loss widens too")
Soaring losses: SoftBank reports near-total wipeout at $100-bn Vision Fund
The numbers are also the latest reminder of the inherent risk in Son's strategy of betting big on untested startups
Ola takes on Uber with its safety pitch as it drives operations to London
Safety is high on its mind and Ola is bringing in an AI enabled safety feature, 'Guardian'
 "Ola takes on Uber with its safety pitch as it drives operations to London")
Sprint's stock soars around 75% after judge approves T-Mobile merger
Finalising a deal will be a boon to SoftBank Group, Sprint's controlling shareholder, as the conglomerate offloads a troubled asset that has lost subscribers at a faster rate
 "Sprint's stock soars around 75% after judge approves T-Mobile merger")
Softbank-backed Ola launches London operations, over 25,000 drivers sign-up
Ola will partner with DriveTech to use its driving risk assessment to improve the level of driving skills and knowledge of all drivers on the Ola platform in London
 "Softbank-backed Ola launches London operations, over 25,000 drivers sign-up")
Top headlines of the day: Experts see Coronavirus hurting global growth
From January passenger vehicle sales to surprise advertisement of Samsung foldable phone during Oscars, Business Standard brings you the top headlines of the day
 "Top headlines of the day: Experts see Coronavirus hurting global growth")
SoftBank set for sharp quarterly profit drop amid pressure from Elliott
SoftBank has come under increasing pressure for its lack of transparency, especially around its $100 billion Vision Fund of largely unlisted start-ups
SoftBank in talks to pick up minority stake in Mahindra Electric Mobility
For SoftBank, EVs are a key area of focus. It has already invested over $250 million in Ola Electric Mobility where it is a key investor
 "SoftBank in talks to pick up minority stake in Mahindra Electric Mobility")
