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Latest Articles in softbank

SoftBank To Sell Flipkart Stake To Walmart, First Known Vision Fund Divestment

SoftBank did not disclose terms of the sale but this month CEO Masayoshi Son said its investment in the Indian firm was worth around $4 billion. The Vision Fund invested invested $2.5 billion in Flipkart in August last year

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SoftBank Undecided On Exiting Flipkart

SoftBank's Masayoshi Son will take a call in the next 7-10 days on whether to exit India's biggest online retailer or say invested for some more time

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Flipkart Approves $15 Billion Stake Sale To Walmart-Led Group

SoftBank will sell its 20-plus percent stake as part of the deal, Bloomberg said, adding Google's parent Alphabet Inc was likely to participate in the investment with Walmart

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SoftBank To Move Ride-Hailing Stakes Worth USD 20 Billion To Vision Fund

SoftBank's stakes in Uber, China's Didi, Brazil's 99, India's Ola and Singapore's Grab could be transferred into the fund within months, the newspaper reported

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SoftBank, Alibaba To Invest USD 445 Million In Paytm Mall

"We believe Paytm Mall's offline-to-online operating model, combined with the strength of the Paytm ecosystem, is uniquely positioned to enable India's 15 million offline retail shops to participate in India's e-commerce boom," SoftBank said in a statement on Monday

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SoftBank, China's GCL Team Up For USD 930 Million Indian Solar Venture

SoftBank said in 2015 that it would invest up to $20 billion along with Foxconn Technology Co Ltd and Bharti Enterprises in solar projects in India, which has a goal of generating 100 gigawatts (GW) of power from solar by 2022

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Flipkart Investors, Employees Trimming Stakes As Part Of SoftBank Deal

The deal will see the Vision Fund purchasing new Flipkart stock worth about $1.4 billion and using the remainder to buy shares from existing investors

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Paytm Swears By India Digital Play, Lines Up Rs 20,000 Cr

CEO Vijay Shekhar Sharma of Paytm said its platform processes about 250 crore transactions annually worth of Rs 80,000 crore

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Uber's South Asia Policy Chief Quits In Latest Senior Departure

Kohli is the latest senior executive to leave Uber. The firm's European policy chief quit in October, shortly after the departure of Uber's top boss in Britain

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Uber Board Nods SoftBank Investment; Deal To Tackle Kalanick-shareholder Fight

The Uber board first agreed more than a month ago to bring in SoftBank as an investor and board member, but negotiations have been slowed by ongoing fighting between Benchmark and Kalanick

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Uber, Ola's Indian Legal Woes Put SoftBank's Funding In Firing Line

Though Meru lost an earlier antitrust suit versus Ola, lawyers and industry sources said that moves by SoftBank - already a major investor in Ola - to pour some $10 billion into Uber along with other investors could strengthen the local cab service's case

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PE/VC Exits At Record High In Aug At $1.9 Bn; May Touch $10 Bn

PE/VC investments in August stood at USD 5.4 billion across 45 deals - the highest monthly investment ever - and posted an increase of 5.4 times compared to USD 1.0 billion in August 2016

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OYO Raises $250 Million In Financing

Hero Enterprise joins as a new investor along with existing investors – Softbank, Sequoia India, Lightspeed and Greenoaks Capital

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Ola Raises Rs 231 crore From Tekne Private Ventures

The deal involves allotment of 1, 71,173 fully and compulsorily convertible preference shares for a total consideration of Rs 231.44 crore

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OYO Cuts Losses To Rs 325 Crore In FY17

The SoftBank-backed company also said in the quarter ended June; it posted its highest grossing months with total booking value touching nearly $100 million

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