March 29, 2020
Satellite Internet Startup OneWeb Closes After SoftBank Fund Raise Fails
OneWeb, which wanted to make internet access worldwide and widespread, has filed for bankruptcy and let most of its employees go after it couldn’t get any more funding, according to...
March 24, 2020
SoftBank Considers Going Private
SoftBank Group has been spending time in talks with investment firms Elliott Management and Mubadala over the possibility of taking its Japanese tech conglomerate private, the Financial Times (FT) reported, but the...
March 22, 2020
Car-Sharing Startup Getaround Looks For Buyer
The Getaround car-sharing platform is shopping around for a buyer as the coronavirus pandemic kills demand for its services, Bloomberg reported Friday (March 20), citing sources. Get the Full Story...
March 09, 2020
SoftBank Exec: ‘Mistakes Come Out First’ In Investing
SoftBank’s Rajeev Misra, head of the company’s $100 billion Vision Fund, is still banking on the success of the fund, confident investments and IPOs will surge within the next year....
March 08, 2020
SoftBank Shareholders Push For Grab, Gojek Deal In Indonesia
Investors are asking SoftBank to help align Southeast Asia’s ride-hailing unicorns Grab and Gojek, The Financial Times reported, citing sources. Get the Full Story Complete the form to unlock this...
February 24, 2020
SoftBank’s Second Vision Fund Invests In Two Companies
SoftBank’s second Vision Fund has invested in two companies, artificial intelligence company Behavox and healthcare-facing company Karius, according to Reuters. Get the Full Story Complete the form to unlock this...
February 16, 2020
Rakuten Dumps $1.4B In Tech Holdings, Including Pinterest Stake
Rakuten, the Japanese eCommerce conglomerate, has sold billions of dollars’ worth in shares, including the entirety of its stake in Pinterest. Get the Full Story Complete the form to unlock...
February 16, 2020
SoftBank’s Boss Bet $22 Billion on Sprint. It Was a...
By Phred Dvorak, Wall Street Journal For Japanese billionaire Masayoshi Son, a U.S. judge’s recent decision to approve a merger between Sprint Corp. and rival T-Mobile US Inc. is long-awaited...
February 12, 2020
Today In Payments: German Leaders To Vote On eScooter Ban;...
In today’s top news, Germany’s leaders will vote on the Road Traffic Act on Friday, which will determine the regulation of eScooters in the country, and Softbank’s quarterly profit dropped...