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Latest Articles in softbank

SoftBank To Sell Up To $41 Billion In Assets To Expand Share Buyback, Cut Debt

SoftBank's share price extended early gains on Monday, jumping 19% following the announcement of the asset sales, which will be executed over the next four quarters.

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SoftBank Group's Market Cap Dips Below Domestic Telco As Scepticism Grows

SoftBank last month said it would pledge shares in its domestic telco as collateral to raise up to $4.5 billion, reflecting its falling back on established portfolio businesses for cash as its $100 billion.

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SoftBank Unveils $4.8 Billion Buyback After Stock Tumble, Pressure From Elliott

The plan to buy back up to 7% of its shares for as much as 500 billion yen ($4.8 billion) announced by SoftBank

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SoftBank CEO Tells U.S. Investors He'll Be More Careful

SoftBank was aiming to raise $108 billion in funds for a second Vision Fund, and has committed $38 billion of its own money toward that goal.

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SoftBank-Backed South Korean Ride-Hailer Tada Gets Rare Win Amid Crackdown

SoftBank Ventures, private equity and venture capital firms have backed the company to the tune of about 161 billion won ($135.3 million) since 2018.

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SoftBank Spends $2.5 Billion To Get Second Vision Fund Off The Ground

SoftBank was targeting a $108 billion fundraise for the second Vision Fund, and had committed $38 billion of its own money towards that goal.

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Tax Officials Conduct Surprise Search At Softbank-Backed Oyo

In November, internal projections showed Oyo’s India business will likely make losses until 2021.

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Softbank In Talks To Sell Stake In Indian Renewable Energy Venture: Reports

SoftBank is facing renewed investor scrutiny after it was forced to bail out one of its best-known portfolio companies, the cash-burning, office-sharing firm WeWork, for about $10 billion last year.

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Paytm Raises $1 Billion From Softbank, Ant And Other Investors

This new investment by our current and new investors is a reaffirmation of our commitment to serve Indians with new-age financial services.

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As Softbank's OYO Booms, Some Indian Hotels Cry Foul And Check Out

OYO charges hotels a roughly 20 per cent franchise fee on room revenues when hotels join its network, but some Indian hotel operators say the startup often ends up taking half or more of revenues through fees that were not initially disclosed.

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SoftBank's Mobile Unit Launches $21 Billion IPO

The IPO will mark the transformation of the parent company from a mobile phone network provider - which successfully challenged Japan's incumbent duopoly - into one of the world's biggest technology investors under Chief Executive Masayoshi Son

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Berkshire Hathaway In Talks To Buy Stake In Paytm

Berkshire, the conglomerate run by billionaire Warren Buffett, is said to pick up a 3-4 per cent stake in Paytm’s parent and the deal is being done through a primary subscription of shares, the paper said citing people familiar with the matter

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SoftBank's Masayoshi Son Says Japan Is "stupid" For Not Allowing Ride-Sharing

SoftBank and Didi are launching a taxi-hailing service in Japan that would match users to existing taxi fleets

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SoftBank Tightens Grip On Yahoo Japan Via $2 Billion Deal With Altaba

Under the deal, SoftBank will buy 221 billion yen ($2 billion) of Yahoo Japan shares from Altaba, formerly internet giant Yahoo Inc. Yahoo Japan will then buy back 220 billion of stock from SoftBank

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Surya Namaskar

In many ways, solar demonstrates what can be achieved in India, even in infrastructure

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