Page 20 - Softbank

LG to invest $17 million in SoftBank's venture fund for AI startups

The investment in the Japanese tech giant's venture unit is part of the South Korean conglomerate's broader plan to develop advanced AI technologies

Softbank-backed Oyo's losses rise six-fold to $332 mn; revenue quadruples

The growing losses at Oyo come as its major investor SoftBank struggles to raise funding for a second investment fund in the wake of the failed listing of office-rental company WeWork

Paytm raises a billion dollars at a valuation of $16 bn, plans expansion

Ant Financial and SoftBank back it with full force; money will go for expansion in small cities, towns

Apple, Intel file antitrust case against SoftBank-backed firm over lawsuits

The suit follows an earlier case filed by Intel against Fortress in October which it withdrew and filed a new suit on Wednesday

Clean energy project cancellations: Andhra faces global arbitration threat

State govt cancelled clean energy projects in July, citing wrong bidding

Softbank's Yahoo Japan, chat app Line announce October 2020 merger plan

The companies aim for a definitive agreement by next month

SoftBank's second Vision Fund is starting life a lot smaller than the first

SoftBank said in July that its second Vision Fund would be even larger than the first, which broke records in 2017 by raising almost $100 billion

SoftBank's Yahoo Japan confirms merger talks with messaging app Line

A deal would bring together the operators of two of Japan's biggest QR code payment apps as the country belatedly shifts to cashless payments

'Judgement on WeWork was poor in many ways': Softbank CEO after Q2 loss

(Reuters) - SoftBank Group Corp <9984.T> fell into the red in the second quarter for the first time in 14 years, with its gigantic Vision Fund suffering a 970 billion yen ($8.9 billion) loss on plunging valuations of WeWork and Uber Inc .

Son's failed tech bets behind Softbank Group's $6.5 billion quarterly loss

TOKYO (Reuters) - SoftBank Group Corp <9984.T> plunged on Wednesday to a quarterly loss that was far larger than analysts' estimates, hit by the falling valuations of some of its biggest tech bets such as WeWork and Uber Technologies .

SoftBank's Son's free solar power offer has set cat among the pigeons

The massive plan of manufacturing and running power plants, envisaged at an investment of $20 billion, may have only partially materialised so far, but Son has already doubled down on his ambitions

Son's tech bets to cost Softbank first quarterly loss in 14 years?

TOKYO (Reuters) - SoftBank Group Corp <9984.T> and its founder Masayoshi Son face a day of reckoning on Wednesday when the investment juggernaut is likely to post weak quarterly results, hit by hefty falls in the valuation of some of its biggest tech bets.

Softbank's debt fears resurface following a $9.5 billion bailout for WeWork

While the price tag for SoftBank to rescue the debt-riddled US shared-office startup isn't seen as big relative to its total investment portfolio, concern is growing about the impact on its leverage

Japan's top tech consultancy TechnoPro to invest $10 mn in local EV ops

TechnoPro, which plans to hire 10,000 engineers in India over 3 years, will focus on clients building charging and battery swapping infrastructure, where it is a domain expert

SoftBank throws WeWork a $9.5 billion lifeline, picks up 80% stake

WeWork founder Adam Neumann will leave the company's board as part of the package, to be replaced by SoftBank executive and newly appointed Executive Chairman Marcelo Claure

SoftBank takes control of WeWork as part of bailout, Neumann to leave board

The deal would value WeWork's parent company at about $8 bn

SoftBank's $10-bn takeover of WeWork would lead to Chairman Neumann's exit

(Reuters) - SoftBank Group <9984.T> offered nearly $10 billion on Monday to WeWork and its shareholders under a takeover plan that would keep the U.S. office-space sharing start-up afloat and lead to the exit of its Chairman Adam Neumann, sources said.

Ola bets big on food biz, to launch portfolio of in-house food brands

Ola's food business will focus on becoming a food-first company with a massive kitchen infrastructure and a slew of brands

SoftBank's rescue financing plan may put WeWork's valuation below $8 bn

Uncertainty around WeWork's future has whipsawed its bonds in recent weeks

Self-drive car sharing service 'Ola Drive' launched: All you should know

SoftBank-backed Ola intends to host a fleet of 20,000 cars by 2020