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  • KPMG absorbs 150 employees of Oyo Mar 01, 2021 07:25 PM IST

    KPMG absorbs 150 employees of Oyo

    Nearly 150 employees of hospitality startup Oyo have been absorbed by KPMG, as part of a deal won by the consulting firm last year, to deliver finance shared services for the SoftBank-backed unicorn.

  • SoftBank Group all set to merge PayPay and Line Pay apps in Japan Mar 01, 2021 04:50 PM IST

    SoftBank Group all set to merge PayPay and Line Pay apps in Japan

    SoftBank's telecom arm plans to fold Line Pay into PayPay, its Yahoo Japan unit and India’s Paytm in April 2022 after securing relevant regulatory approvals.

  • SoftBank reaches settlement with former WeWork CEO Neumann Feb 27, 2021 09:44 AM IST

    SoftBank reaches settlement with former WeWork CEO Neumann

    The settlement is also expected to clear the decks for WeWork as it reportedly pursues a public listing by merging with a special purpose acquisition company (SPAC).

  • WeWork co-founder Adam Neumann nears settlement with SoftBank: Report Feb 23, 2021 05:38 AM IST

    WeWork co-founder Adam Neumann nears settlement with SoftBank: Report

    The settlement would put to rest a prolonged legal battle between Neumann and Softbank, which dates back to 2019 when WeWork's IPO plans fell apart.

  • ByteDance may sell TikTok's India business to Glance: Report Feb 13, 2021 03:25 PM IST

    ByteDance may sell TikTok's India business to Glance: Report

    Japan’s SoftBank Group Corp has initiated the discussions between the two firms. However, the talks are private.

  • SoftBank pulls out of Latin America partnership with Oyo Hotels Feb 12, 2021 07:48 AM IST

    SoftBank pulls out of Latin America partnership with Oyo Hotels

    Oyo's business in Latin America, known as Oyo Latam, on Wednesday said it was moving to a digital-only model, and that the changes would require laying off nearly its entire staff.

  • Softbank's Vision Fund picks Nagraj Kashyap as managing partner Feb 09, 2021 03:38 PM IST

    Softbank's Vision Fund picks Nagraj Kashyap as managing partner

    Kashyap is set to join Vision Express Fund in the United States as per a statement from SoftBank.

  • Exclusive | Companies that aren’t tech-centric will be wiped out, says chief of SoftBank-backed Mindtickle Dec 15, 2020 11:19 AM IST

    Exclusive | Companies that aren’t tech-centric will be wiped out, says chief of SoftBank-backed Mindtickle

    Mindtickle started in 2011 with an aim to gamify the life of boring software companies and make their internal processes more fun. CEO Krishna Depura tells Moneycontrol how the company did this, expanded to the US, pivoted, and even secured funding from Japanese investment giant SoftBank

  • Grofers plans $55-$60 million fundraising from SoftBank, others: Report Nov 13, 2020 09:03 AM IST

    Grofers plans $55-$60 million fundraising from SoftBank, others: Report

    The online grocery space has seen some activity after rising in popularity during the COVID-19 pandemic.

  • Softbank Vision Fund head Rajeev Misra, 3 others leave board as Masayoshi Son seeks to improve governance Nov 09, 2020 05:02 PM IST

    Softbank Vision Fund head Rajeev Misra, 3 others leave board as Masayoshi Son seeks to improve governance

    Softbank's founder Masayoshi Son says one of the aims of these changes is to separate management and operations

  • SoftBank says first-half net profit up 346.7% to $18 billion Nov 09, 2020 12:57 PM IST

    SoftBank says first-half net profit up 346.7% to $18 billion

    Net profit for the six months to September came to 1.88 trillion yen ($18 billion), up from 421.6 billion yen a year earlier, the Japanese conglomerate said.

  • SoftBank spent $1.35 billion on buybacks in October Nov 09, 2020 09:21 AM IST

    SoftBank spent $1.35 billion on buybacks in October

    SoftBank Group Corp said on Monday it spent 139.3 billion yen ($1.35 billion) repurchasing almost 20 million shares in October, part of a record buyback plan that has seen the group's shares touch two-decade highs.

  • 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.

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