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Tuesday, September 21, 2021

Softbank

SOFTBANK NEWS

First takeout in Indian food space for SoftBank: CCI clears investment in Swiggy

July 13, 2021 10:32 am

“Commission approves the proposed acquisition of certain stake in Bundl Technologies (Swiggy) by SVF II Songbird (SoftBank Group entity),” the Competition Commission of India (CCI) said on Monday in a tweet from its official account.

Eying rising competition, Flipkart raises $3.6 bn; SoftBank returns

July 13, 2021 10:25 am

Flipkart Group comprises e-commerce marketplace Flipkart, online fashion retailer Myntra, fin-tech firm PhonePe, Flipkart Wholesale and online travel portal Cleartrip.

Softbank-backed OYO to cut pay of all employees in India

April 22, 2020 1:41 pm

“Our company is taking a difficult but necessary step for India, whereby we are asking all OYOprenuers to accept a reduction in their fixed compensation by 25%,” the company's chief said.

SoftBank blasts Moody’s for 'biased' ratings downgrade

March 26, 2020 11:23 am

SoftBank’s shares slid as much as 8.4% early in Tokyo trade. The Moody’s downgrade -- lowering SoftBank’s corporate family rating and senior unsecured rating to Ba3 from Ba1 -- pushed the company deeper into junk territory.

SoftBank-backed Oyo to cut about 5,000 jobs in overhaul

March 05, 2020 8:32 am

The Indian startup, Oyo Hotels, is reducing staff in China, the US and its home country as it seeks to boost profitability.

SoftBank power tussle: Vision Fund chief accused of smear campaign

February 29, 2020 1:34 am

Rajeev Misra Allegedly Ran Campaigns to Plant Negative Stories against Nikesh Arora & Alok Sama

SoftBank profit wiped out by Vision Fund losses, second fund scaled back

February 13, 2020 10:40 am

SoftBank Group Corp profit was 2.6 billion yen ($24 million) in the October-December quarter versus 438 billion yen a year before.

The SoftBank effect: How $100 billion left workers in a hole

November 13, 2019 9:55 am

The $100 billion Vision Fund was part of a flood of money that has washed over the world in the past decade — and that has upended people’s lives when the startups broke their promises.

SoftBank reveals $6.5 billion loss from Uber, WeWork turmoil

November 06, 2019 10:07 pm

The Japanese investment powerhouse on Wednesday reported its first quarterly operating loss in 14 years -- about $6.5 billion --after writing down the value of a string of marquee investments.

SoftBank seeks majority stake in WeWork with bailout deal

October 22, 2019 9:24 am

JPMorgan Chase & Co. is expected to present a separate financing package to the WeWork board, another person said. The bank has been pitching investors on a $5 billion junk-debt offering, but it has yet to outline the details.