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  • Unacademy to buy back shares worth Rs 25-30 crore Oct 15, 2020 02:19 PM IST

    Unacademy to buy back shares worth Rs 25-30 crore

    About 145 current and former employees are expected to exercise their options to sell their Employee Stock Option Plans, given to early employees who join a startup as part of their salary.

  • Exclusive: SoftBank in talks to back SaaS startup Mindtickle, valuation to double in a year Oct 12, 2020 07:27 AM IST

    Exclusive: SoftBank in talks to back SaaS startup Mindtickle, valuation to double in a year

    The investment will value Mindtickle at $500-600 million, double the $250 million it was valued at in July last year, when Norwest Venture Partners led a $40 million round.

  • Many at SoftBank oppose the idea of going private: Report Oct 05, 2020 01:41 PM IST

    Many at SoftBank oppose the idea of going private: Report

    Almost everyone except SoftBank founder Masayoshi Son is opposed to the idea of going private through a buyout.

  • Exclusive I Oyo’s Ritesh Agarwal on IPO plans, investments, recovery, quality of rooms, fresh backlash from hoteliers and more Sep 29, 2020 04:07 PM IST

    Exclusive I Oyo’s Ritesh Agarwal on IPO plans, investments, recovery, quality of rooms, fresh backlash from hoteliers and more

    The Oyo Hotels and Homes founder opens up about the $10-billion hospitality company’s troubles and each of the critical issues gnawing at it in in his most wide-ranging interview yet.

  • Softbank-Nvidia-ARM deal | All you need to know about the transaction Sep 14, 2020 01:53 PM IST

    Softbank-Nvidia-ARM deal | All you need to know about the transaction

    Arm licenses its chip designs and technology to companies such as Qualcomm, Apple and Samsung Electronics.

  • Softbank sells Arm to Nvidia for $40 billion Sep 14, 2020 08:25 AM IST

    Softbank sells Arm to Nvidia for $40 billion

    The Nvidia-Arm deal also marks the exit of Softbank, which had bought the chip-making company for USD 32 billion in 2016.

  • SoftBank nears deal to sell Arm Holdings to Nvidia for more than $40 billion Sep 13, 2020 01:58 AM IST

    SoftBank nears deal to sell Arm Holdings to Nvidia for more than $40 billion

    The cash-and-stock deal could be sealed early next week and would value Arm in the low $40 billions, the Journal report said, citing sources.

  • Softbank partners with Oyo in Latin America in move for more oversight Sep 05, 2020 07:42 AM IST

    Softbank partners with Oyo in Latin America in move for more oversight

    Softbank, the biggest investor in Oyo, will use part of its $5 billion Latin America fund to invest in the newly formed company called Oyo Latam which will take over 1,000 hotels mainly in Brazil and Mexico.

  • SoftBank may bid for TikTok's India assets, eyes local partners: Report Sep 03, 2020 09:42 PM IST

    SoftBank may bid for TikTok's India assets, eyes local partners: Report

    SoftBank also has a stake in ByteDance, the parent company of TikTok.

  • SoftBank leads $150-million round in Unacademy, valuation rises to $1.45 billion Sep 02, 2020 04:41 PM IST

    SoftBank leads $150-million round in Unacademy, valuation rises to $1.45 billion

    Unacademy was valued at $510 million in February this year when private equity giant General Atlantic led a $110 million round.

  • Sequoia, SoftBank emerge as leading investors in Indian unicorns: Hurun Report Aug 26, 2020 10:08 PM IST

    Sequoia, SoftBank emerge as leading investors in Indian unicorns: Hurun Report

    The Indian arm of American investment firm Sequoia Capital India is currently backing eight Indian unicorns including Byju's, OYO, Zomato, Unacademy, and SaaS players Druva and Freshworks among others

  • WeWork gets new $1.1 billion commitment from SoftBank Aug 14, 2020 06:39 PM IST

    WeWork gets new $1.1 billion commitment from SoftBank

    The company told employees that it cut its cash burn rate almost in half to $671 million from the end of last year

  • SoftBank-backed Oyo faces fresh bout of complaints from hoteliers Jul 16, 2020 04:08 PM IST

    SoftBank-backed Oyo faces fresh bout of complaints from hoteliers

    Hotel owners have accused the startup of failing to honour contracts, withholding payments and breach of trust.

  • SoftBank-backed SB Energy withdraws first bond issue: Report Jul 14, 2020 04:29 PM IST

    SoftBank-backed SB Energy withdraws first bond issue: Report

    SB Energy is a joint venture between SoftBank and Bharti Enterprises.

  • Exclusive | SoftBank in talks to back Unacademy at $1.2 billion valuation Jul 13, 2020 08:02 PM IST

    Exclusive | SoftBank in talks to back Unacademy at $1.2 billion valuation

    If completed, investment could thrust online education platform into unicorn club.

  • SoftBank to repurchase $1.9 billion of corporate bonds Jun 29, 2020 07:55 AM IST

    SoftBank to repurchase $1.9 billion of corporate bonds

    SoftBank Chief Executive Masayoshi Son is undertaking an asset monetisation programme to raise $41 billion to fund share buybacks and reduce debt, following a series of soured tech investments that drove the group to a record annual loss.

  • Moody's doubles down on SoftBank concerns after public spat Jun 26, 2020 02:25 PM IST

    Moody's doubles down on SoftBank concerns after public spat

    The revision to the outlook represents a doubling-down by Moody's after it cut SoftBank deeper into junk territory in March - leading to the indebted conglomerate taking the unusual step of asking for its rating to be withdrawn.

  • SoftBank CEO Masayoshi Son to step down from Alibaba's board: Report Jun 25, 2020 04:11 PM IST

    SoftBank CEO Masayoshi Son to step down from Alibaba's board: Report

    This follows last month's announcement the Alibaba's Jack Ma will be leaving SoftBank's board.

  • SoftBank CEO Masayoshi Son says equity value back at pre-virus levels Jun 25, 2020 09:45 AM IST

    SoftBank CEO Masayoshi Son says equity value back at pre-virus levels

    The rise in corporate value was driven by the growth of SoftBank's stake is Chinese e-commerce giant Alibaba Group Holding Ltd and following the successful merger of its U.S. wireless unit with T-Mobile US Inc.

  • SoftBank to sell T-Mobile shares at $103 apiece: Source Jun 24, 2020 09:01 AM IST

    SoftBank to sell T-Mobile shares at $103 apiece: Source

    SoftBank on Monday unveiled a series of transactions to divest more than $21 billion worth of stock in T-Mobile, as it seeks funding for a $41 billion share buyback and debt reduction plan. This included a public offering of 133.5 million shares.

  • SoftBank to sell nearly $20 billion worth stake in T-Mobile: Report Jun 17, 2020 11:16 AM IST

    SoftBank to sell nearly $20 billion worth stake in T-Mobile: Report

    SoftBank currently holds 25 percent stake in T-Mobile and may sell part of it to Deutsche Telekom AG.

  • SoftBank-backed ride-hailing firm Grab set to announce layoffs: Sources Jun 16, 2020 10:17 AM IST

    SoftBank-backed ride-hailing firm Grab set to announce layoffs: Sources

    Grab, Southeast Asia's most valuable startup that is backed by SoftBank Group Corp and was last valued at $14 billion, flagged the layoffs at a townhall for staff, according to people with knowledge of the matter.

  • SoftBank’s Vision Fund to slash 80 jobs, 15% of staff: Report Jun 10, 2020 10:14 AM IST

    SoftBank’s Vision Fund to slash 80 jobs, 15% of staff: Report

    This is more than the company’s intended 10 percent staff cut planned in May

  • Bhavish Aggarwal's vision for Ola is a cross between Uber and Tesla May 29, 2020 12:46 PM IST

    Bhavish Aggarwal's vision for Ola is a cross between Uber and Tesla

    Acquisition of Etergo may look unrelated to Ola’s service business but maybe Ola has decided it needs a new business

  • Softbank-Bharti JV in talks for $500-$750 million fundraise: Report May 29, 2020 11:01 AM IST

    Softbank-Bharti JV in talks for $500-$750 million fundraise: Report

    Potential investors such as infra-focused private equity funds, sovereign wealth funds, global utilities and pension funds will be formally approached in the next weeks

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