Page 9 - Softbank

SoftBank attempted to delay WeWork's $3 bn share purchase: Court filing

(Reuters) - SoftBank Group <9984.T> CEO Masayoshi Son told the executive he tasked to turn around WeWork after its botched initial public offering to "use whatever excuse" to delay a $3 billion payout to the office-sharing startup's shareholders, a court transcript released on Wednesday showed.

ReNew Power's $325 mn offshore bond issuance oversubscribed six times

Company executives said this was also the cheapest bond offering by a renewable firm. The bonds were initially priced at 5.875%. When the rate was reduced to 5.375%, investors continued to book

SoftBank hits 20-year high as investors embrace Son's defensive stance

The Tokyo-based company's stock gained more than 3 per cent to 7,244 yen, the highest level since March of 2000 in the midst of the dot-com boom

SoftBank leads $140 million funding for vertical farming startup Plenty

The cash and collaboration with berry specialists Driscoll's will help it advance into new products such as strawberries

SoftBank's Vision Fund to unveil blank-check co to capitalise fundraising

The target size of the Vision Fund's blank-check company has yet to be determined, according to a person familiar with the plans

Almost everyone at SoftBank thinks going private is a bad idea, except Son

Preliminary work on a buyout got under way after a record drop in SoftBank shares in March, but the effort was later tabled as the stock price more than doubled with asset sales

Whale resurfaces as Facebook, Amazon see big bets in options market

Amazon.com, Facebook and Netflix were among companies that saw block trades of call contracts Thursday, representing speculation on movements in their shares through the first months of next year

Masayoshi Son cuts SoftBank shares pledged to lenders by $810 million

Son trimmed his committed shares by about 14 million to 213 million, according to regulatory filings.

US continues to be biggest source of VC investment in India as China shrugs

Experts say, the dominance of the US investors will probably grow in the coming decade, including in filling the gap created by the withdrawal of Chinese investors

SoftBank Group offers $19 coronavirus tests to companies, governments

SoftBank has conducted polymerase chain reaction (PCR) testing of its staff and has set up a testing centre near Tokyo with initial capacity of 4,000 tests per day

Indian startups to miss Chinese expertise more than cash: SoftBank exec

India has banned over 200 Chinese apps and also put severe restrictions on Chinese investments into the country following border clashes in eastern Ladakh

SoftBank Group to sell last of its telecoms assets with Brightstar deal

SoftBank said in a statement it would sell the firm to a newly formed subsidiary of private equity firm Brightstar Capital Partners for cash as well as a 25 per cent stake in the subsidiary

GCV Powerlist 2020: 5 Indians among top 25 venture capitalists in the world

GCV compiles its annual Powerlist of the top 100 heads of corporate venturing units out of more than 2,000 venturing companies globally

Billionaires worldwide are now lining up to take their companies private

Companies have already announced $26 billion of transactions to be taken private by a related party this year, up about 2,500% from the same period in 2019

SoftBank Group sets price in telco stake sale worth $11.7 billion

SoftBank Group said late last month it would slash its stake in Japan's third-biggest wireless carrier to 40%, part of a wave of asset sales by the group as it builds up cash

Nvidia gets control of key global tech with $40-billion Arm purchase

Deal will create 'the premier computing firm for the age of AI', says Nvidia

Carlyle, SoftBank put on waiting list for Reliance Retail stake: Report

Reliance Industries plans to sell about a 10% stake in Reliance Retail to financial investors and almost all the $5.7 billion worth of shares have been taken up

Top headlines: Carlyle, SoftBank on waiting list for Reliance Retail stake

Business Standard brings you the top headlines of the day

Nvidia to buy UK chipmaker Arm from Softbank in $40 billion deal

US graphics chip maker Nvidia said it plans to buy UK-based Arm Holdings in a deal worth up to $40 billion, in a move that would create a global industry powerhouse

SoftBank sells chip designer Arm to Nvidia Corp in $40 billion deal

The deal puts a vital supplier to Apple Inc and others across the industry under the control of a single player and will face potential pushback from regulators and Nvidia rivals