SoftBank


RIL joins ‘NUE’ digital payments buzz with Facebook and Google

RIL joins ‘NUE’ digital payments buzz with Facebook and Google

(ATF) With millions going online to change the way they work and live – and shop and pay – Mukesh Ambani-controlled Reliance Industries (RIL) is joining hands with Facebook and Google to create a national payments network to capitalise on India’s expanding digital payments space.Ambani, India’s richest man, now plans …

Continue reading

US techies form SPAC to access Indian start-ups

US techies form SPAC to access Indian start-ups

(ATF) Riding on the boom in SPAC listings on Wall Street, a bunch of Indian unicorn founders have come together to form a first-of-its-kind blank cheque company to focus on Indian technology companies looking to list in the US.Called Think Elevation Capital Growth Opportunities (TEGAU), the new venture that filed …

Continue reading

China’s fitness app Keep eyes US IPO

China’s fitness app Keep eyes US IPO

(ATF) While many US-listed Chinese companies are retreating to Hong Kong amid stricter accounting rules and the geopolitical tensions, China’s most popular fitness app Keep is weighing the US as its IPO destination, according to Chinese news portal Sina.Keep, that was valued at $2 billion two months back in a …

Continue reading

SoftBank chief Sago to step down after key role in expansion 

SoftBank chief Sago to step down after key role in expansion 

SoftBank Group's chief strategy officer, Katsunori Sago – and one of CEO Masayoshi Son's key lieutenants – will step down at the end of the month.Sago, a Goldman Sachs alumnus and former chief investment officer of Japan Post Bank Co where he was one of "Seven Samurai" who engineered a …

Continue reading

SoftBank seeks $550 million through two new SPAC investments  

SoftBank seeks $550 million through two new SPAC investments  

(ATF) Two blank-cheque firms backed by SoftBank Group hope to raise a total of about $550 million in their initial public offerings (IPOs), regulatory filings show.SVF Investment Corporation 2, a special purpose acquisition company (SPAC), said it would sell 20 million shares and warrants at $10 each in its IPO, …

Continue reading

SoftBank-backed Ola recharges India’s electric vehicle ambitions

SoftBank-backed Ola recharges India’s electric vehicle ambitions

(ATF) Six months after it acquired the Dutch start-up Etergo and weeks after appointing General Motors veteran Jose Pinheiro as the head of its electric vehicle (EV) business, India's homegrown ride-hailing company has finally made its expected big-bang announcement.On Monday Ola announced that its EV subsidiary Ola Electric will invest …

Continue reading

SoftBank's shares surge amid buy-back rumours

SoftBank's shares surge amid buy-back rumours

SoftBank Group Corp's shares jumped by as much as 7% on Wednesday after it was reported that the group was considering buying back shares.It’s thought the move is designed to boost CEO Masayoshi Son's stake so he can squeeze out remaining investors.Son owns a quarter of SoftBank's shares and would …

Continue reading

Didi Chuxing investor SoftBank set to join SPAC boom

Didi Chuxing investor SoftBank set to join SPAC boom

(ATF) SoftBank is poised to join the “blank check” acquisition company boom, and the owner of stakes in Didi Chuxing and Paytm could boost further SPAC activity in Asia.Special purpose acquisition companies, or SPACs, are proving to be one of the hottest fundraising trends of the year, with over $50 …

Continue reading