Page 4 - Softbank

SoftBank to book $34-bn gain on Alibaba shares; reduce stake to 14.6%

The transaction 'will be able to eliminate concerns about future cash outflows, and furthermore, reduce costs associated with these prepaid forward contracts', SoftBank said

SoftBank-backed Meesho adds 8 Indian languages to tap more users

Social commerce platform seeks to widen reach during festival season in the country

Europe shares mixed after Asian markets decline on tech downturn

Such worries are coming on top of concerns about inflation and what central banks might do to curb that trend. Higher interest rates tend to work as a minus for share prices.

SoftBank Group's Masayoshi Son plans job cuts after record $23-bn loss

Reports $17.3-bn fall in Vision Fund's value, $6.1-bn forex loss

SoftBank plans Vision Fund job cuts after record $23.1-bn net loss in Q2

SoftBank was in a bubble on valuations, no sacred areas for cost cuts, says CEO

Japan tech giant SoftBank posts $ 23 bn quarterly loss as investments sank

Japanese technology company SoftBank Group posted a $ 23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates.

SoftBank, JP Morgan connect 10 unicorns mulling IPO in 3 years with MFs

SoftBank, through SoftBank Vision Fund, has invested USD 15 billion in India of which around USD 11 billion has been invested in the last five years

SoftBank raises $22 billion by selling Alibaba derivatives: Report

SoftBank Group shares rose 2.6% in Tokyo trading, while the benchmark Topix was flat

How a celebrity CEO's rule of fear helped bring down hot startup Zilingo

The story of how globetrotting tech star Ankiti Bose built and lost one of Asia's most vaunted startups

Tiger Global and SoftBank trim investments in India by over a third in 2022

Start-ups feeling the heat, but funds like PremjiInvest increasing exposure

Delhi HC restrains unauthorised use of Meesho trademarks by rogue websites

DoT and MeitY to issue blocking order for domain names identified by Meesho in suit

SoftBank's deal flow halved in Apr-June after portfolio takes heavy losses

Low tech valuations are draining SoftBank's ability to turn public listings of its portfolio companies into liquidity to fuel its outsized bets

Ola Electric lays out vision; plans to launch motorcycles, SUVs, robotaxis

The SoftBank-backed company expects to turn cash-flow positive in three quarters and highlighted that it has more than 60,000 scooters on the road, according to a Kotak Institutional equities report

Unacademy's lessons on frugality: Pay cut for founders, no biz class travel

Founders have already taken salary cuts and this would be applied to the management as well

Germany's Wirecard faked client data to gain £900 mn from SoftBank: Report

Collapsed fintech firm has admitted that half of its revenues and cash worth 1.9 billion euros is missing from accounts

Top headlines: Adani may join spectrum race, Musk pulls out of Twitter deal

Elon Musk pulls out of Twitter deal, micro-blogging platform vows legal fight

SoftBank to bet on smaller ticket size for the second Vision Fund

The two funds together have invested over $11-12 billion in the country. Together with Softbank's direct investment, this goes up to $14 billion

Rajeev Misra may raise $8-10 bn for his new fund, in talks with gulf royals

Sources say it is also possible that Son may invest some money in the fund through Softbank or other vehicles, although this could not be confirmed

SoftBank's Rajeev Misra to step back to launch new fund: Report

A key lieutenant of SoftBank's founder Masayoshi Son, Misra will retain a senior position with the group's first $100-bn Vision Fund, but relinquish other roles, say people familiar with the matter

Ola may lay off up to 500 employees in order to drive cost-efficiency

Layoffs may take place across Ola departments amid challenging funding environment and delay in listing plans