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Latest Articles in softbank

SoftBank Exits Cellphone Distributor Brightstar In Telecoms Sell-Down

SoftBank will sell the money-losing firm to a newly formed subsidiary of private equity firm Brightstar Capital Partners for cash plus a 25% stake in the subsidiary, it said in a statement.

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SoftBank Shares Slide 5% As Investors Wary Of Its US Tech Bets

The fall takes SoftBank's share decline to 12% since sources told Reuters and other media late last week that it made big bets on equity derivatives tied to tech firms.

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SoftBank Shares Slide 7% As Tech Stock Options Bets Unnerve Investors

SoftBank's shares have been boosted by a record share buyback in recent months but the group has indicated those purchases will slow, providing less support for the stock.

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SoftBank Shares Slide 5% After News On Tech Stock Options Bet

The Japanese financial powerhouse has spent billions of dollars buying shares in technology companies such as Amazon as it parks cash generated by a massive asset sale programme.

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Softbank Partners With Oyo In Latam In Move For More Oversight

Softbank, the biggest investor in Oyo, will use part of its $5 billion Latin America fund to invest in the newly formed company called Oyo Latam which will take over 1,000 hotels mainly in Brazil and Mexico

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Shares In Telecom Firm SoftBank Corp Fall 3% As Parent Slashes Stake

SoftBank Group's shares were up almost 5% as a series of massive asset sales and share buybacks fuel its climb from March lows.

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WeWork Gets New $1.1 Billion Commitment From SoftBank, Cuts Burn Rate

The company said in an e-mail to employees that its second-quarter results show the coronavirus pandemic has hurt business but its financial position remains strong.

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WeWork Gets New $1.1 Billion Commitment From SoftBank, Cuts Burn Rate

WeWork has $4.1 billion in cash and unfunded cash commitments, including the $1.1 billion in new financing

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SoftBank Under-Reported Income By $380 Million

SoftBank's domestic wireless unit, SoftBank Corp, was also told it under-reported income by 3 billion yen due to booking expenses in the wrong period, a spokesman for the telco said.

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SoftBank Spent $3.8 Billion On Buybacks In July, August

SoftBank's shares closed up 5% on Monday and have risen almost 160% since their March trough, shrinking the gap between the share price and the value of the group's assets.

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China's Didi Chuxing Launches Standalone, Cheaper Ride-Hailing Service

The new service is not embedded in Didi's existing platform. Huaxiaozhu has a separate app with a logo that looks like a money pot.

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SoftBank Pulls Investment From Credit Suisse Funds

Credit Suisse said that around 15% of the notes now held by its funds were backed by the obligations of companies in which the SoftBank Vision Fund has minority equity stakes.

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SoftBank To Sell T-Mobile Shares At $103 Apiece

SoftBank on Monday unveiled a series of transactions to divest more than $21 billion worth of stock in T-Mobile, as it seeks funding for a $41 billion share buyback and debt reduction plan.

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SoftBank-Backed Ride-Hailing Firm Grab Announces Layoffs

Southeast Asia's most valuable startup with a valuation of $14 billion, the SoftBank-backed company informed staff of the move at a townhall, according to people with knowledge of the matter.

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Walmart's Flipkart To Re-Apply For Food Retail License In India

India's Department for Promotion of Industry and Internal Trade (DPIIT) last week rejected the e-tailer's proposal to sell food products through online and mobile platforms

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