Softbank News

Why one startup founder turned down a $1.1 billion SoftBank deal

Aggarwal and Son reached the preliminary deal to inject more cash into the India startup in 2017. Under terms of the agreement, SoftBank would invest $250 million right away and then plow the rest of the $1.1 billion within six months.

SoftBank, Toyota in talks to invest $1 billion in Uber's self-driving unit: report

The investment could help underscore Uber's value as the ride-hailing firm prepares for a stock market debut in which its value could top $100 billion.


SoftBank alum unveils 'affectionate' companion robot in Japan

The Lovot will compete with Sony Corp's AI-powered robot dog Aibo, revived last year more than a decade after it ceased production.

SoftBank 'anxiously' monitoring Saudi Arabia situation, says executive

The shares recovered 2.88 per cent to 9,862 yen by midday on Wednesday, but were still down around 8 per cent from a month earlier.

SoftBank could invest $500 mn in ride-hailing firm Grab

After its last funding a few months ago, Grab was valued at around $11 billion.

Tiger Global takes $1 billion stake in SoftBank, calling it undervalued: report

The Japanese tech and telecoms conglomerate, run by billionaire Masayoshi Son, has become deeply leveraged in its pursuit of winning investments.


Softbank investing $2.25 billion in General Motor's autonomous car unit

SoftBank Vision Fund is investing $2.25 billion in its General Motor's Cruise autonomous-car unit.

‘Ola-Uber merger deal being brokered by SoftBank’

Uber sold a 15 per cent stake worth a total of $9 billion to Softbank, making the Japanese conglomorate its largest investor. The deal also includes a direct investment of $1.25 billion into Uber.

Will Uber, Ola merge at Softbank's behest? Cab aggregators deny any talks are on

Uber India and Ola to merger their operations? This, reportedly at the behest of Softbank which has investments in both the companies.

Paytm eyes top spot in e-commerce business in 3-5 years; to infuse USD 2.5 billion

The process of fund raising would start in January to March quarter of 2018, he said, adding that the company has already seen investor interest coming from various geographies.