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Softbank
SOFTBANK NEWS
Softbank exits Paytm at loss of around USD 150 million: Report
July 13, 2024 7:43 pm
Softbank had acquired Paytm shares at an average price of about Rs 800 apiece.
SoftBank CEO Son says artificial general intelligence will come within 10 years
October 05, 2023 9:12 am
Son has spoken of the potential of AGI - typically using the term "singularity" - to transform business and society for some years, but this is the first time he has given a timeline for its development.
SoftBank Group logs loss but Vision Fund unit returns to profit
August 08, 2023 1:27 pm
The Vision Fund unit booked an investment gain of about 160 billion yen ($1.1 billion) for the April-June quarter.
SoftBank's Son says he is 'heavy user' of ChatGPT
June 20, 2023 1:29 pm
Son has long argued that AI is the driving force behind his investing activity but has had to contend with high-profile stumbles such as office-sharing firm WeWork and weakness in valuations of the high-growth startups he favours.
SoftBank books narrower loss after Alibaba stake sell-down
May 11, 2023 1:52 pm
SoftBank reported a net loss of 970 billion yen ($7.18 billion) for the year ended March 31, compared with a 1.7 trillion yen loss in the same period a year earlier.
SoftBank offloads 2% stake in Paytm in a series of disposals since February
May 11, 2023 1:31 pm
SoftBank has offloaded more than 2 per cent of its stake in Paytm-parent firm One97 Communications Limited via an open market to meet Sebi takeover rules.
Snapdeal to shelve $152 million IPO amid tech stocks rout
December 09, 2022 11:29 am
Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021, a year that saw many stock market debuts and record fund raising by Indian startups. But many are delaying IPOs amid a stock market rout that has raised concerns over frothy tech valuations.
SoftBank's Masayoshi Son quietly raises stake in the group to 34%, edging towards buyout
December 08, 2022 5:23 pm
Under Japanese law, Son gains additional rights after breaching one-third ownership. The 65-year-old wields more control over asset sales, some buybacks, mergers and corporate bylaws by having the power to veto any special resolution put before shareholders by activist investors.
SoftBank sells 5.1 pc stake in Policybazaar for Rs 1,043 crore
December 02, 2022 10:30 pm
The shares were offloaded at an average price of Rs 456.4 apiece, taking the transaction value to Rs 1,042.52 crore.
Paytm shares tank 10% in morning trade on Softbank stake sale
November 17, 2022 11:59 am
After a weak beginning, the stock further tanked 10 per cent to Rs 541.30 on the BSE. At the NSE, it fell 9.98 per cent to Rs 541.40.
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