Page 8 - Softbank

SoftBank shares breach Y10,000, hits two-decade high on Vision Fund profit

SoftBank's shares were up 5.3% at Y9,990 at 0055 GMT having earlier shot past Y10,000, the biggest intraday jump in two months

Vision Fund shines in third quarter; Masayoshi Son hails 'golden eggs'

Softbank-backed firms that went public during the quarter include selling platform Opendoor and food delivery app operator Doordash, with unrealised gains in the latter totalling $10.7 billion

SoftBank-backed Grofers' revenue doubles to Rs 177 cr, loss widens by 42%

The company's total expenses for the fiscal were reported as Rs 814 crore

SoftBank's third-quarter earnings recovery seen driven by IPO boom

SoftBank is expected to extend earnings recovery when it reports third-quarter results as frothy markets drive a rally in value of its tech investment portfolio and offer fertile ground for listings

SoftBank's Masayoshi Son to step down as chairman of telecom unit

Junichi Miyakawa takes the helm as the industry faces unprecedented political pressure to cut fees, potentially eating into fat margins in its core business.

Softbank-backed Grofers expects to achieve Rs 10,000 crore in GMV by March

Grofers expects to be supported by a traction of around 5 million customers during its ongoing sale, a top company official said

OneWeb secures funding from SoftBank Group, Hughes Network Systems

With the investment, SoftBank will get a seat on OneWeb Board

Tiger Global, others buy $50 mn shares from existing investors of Unacademy

The edtech unicorn has concluded secondary share transaction. Deal helps Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic double down on their investment

MUFG Bank achieves green certification for solar farm in India

MUFG Bank has acted as sole green structuring advisor for a $333 million financing deal for SoftBank's latest solar project in India

SoftBank prepares to file for SPAC IPO worth up to $600 mn on Monday: Axios

SoftBank's Vision Fund is preparing to raise between $500 million and $600 million via an initial public offering of its first special purpose acquisition company (SPAC)

Indian economy emerging stronger after Covid-19: SoftBank India head Kohli

The key sectors that will drive growth are infrastructure, manufacturing, healthcare, education and insurance, Kohli added

Hyundai chairman, Group to buy Boston Dynamics from SoftBank for $1.1 bn

The South Korean automaker group said on Friday the purchase would help it expand automation in its vehicle factories and design autonomous cars, drones and robots

SoftBank-backed Ola targets European market for electric vehicle business

The SoftBank-backed ride-hailing firm has roped in Julien Geffard to lead Europe operations for its electric business

SoftBank phasing out derivatives option after losing market value by $17 bn

SoftBank shareholders balked after SoftBank's foray into derivatives trading was first disclosed in September, cutting the company's market value by as much as $17 billion

SoftBank hits new 20-year high as Uber gains and DoorDash plans IPO

Nomura Holdings raised its target to 9,100 yen from 8,190 yen citing the same reason. Both brokerages have a buy rating on SoftBank.

MindTickle raises $100 mn in funding round led by Softbank Vision Fund 2

Organisations use MindTickle to drive programmes such as onboarding, ongoing learning, role-playing, upskilling and coaching

DoorDash makes US IPO filing public, reveals rapid revenue growth

In its IPO filing, DoorDash reported revenue of $1.92 billion for the first nine months of 2020

SoftBank in talks to sell robot maker Boston Dynamics to Hyundai: Report

(Reuters) - SoftBank Group Corp <9984.T> is in talks to sell robot maker Boston Dynamics Inc to Hyundai Motor Co <005380.KS>, Bloomberg News reported on Monday, citing people familiar with the matter.

SoftBank's new stock trading details raise concerns of financial stability

Firm reveals details of controversial derivatives trading

SoftBank COO, Vision Fund head leave board as part of firm's restructuring

Marcelo Claure, chief operating officer; Rajeev Misra, head of the Vision Fund; and Katsunori Sago, chief strategy officer, will step down from the board as part of the restructuring