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Latest Articles in SoftBank Group

SoftBank-backed Oyo To File For $1.2 bn IPO Next Week: Source

The hotel aggregator is looking to list in India’s financial capital of Mumbai and its IPO is tentatively pegged at between $1 billion and $1.2 billion, the source said, adding it will consist of a fresh issue of shares and an offer for sale from existing shareholders.

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Southeast Asia's Grab In Talks For U.S. Listing Via $40 Billion SPAC Deal

SPACs, exchange-listed shell companies that raise money through IPOS and merge with firms by enticing them with shorter listing timelines, have been the darlings of Wall Street since last year.

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SoftBank-Backed Coupang Raises $4.2 Billion In US IPO - Sources

Achieving a $60 billion valuation would add to good news for the Vision Fund, which is bouncing back from an annual loss in March. Last month, it announced record quarterly profit.

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Hyundai Motor Chief, Units To Buy Boston Dynamics From SoftBank

Hyundai can leverage the robot technology to expand automation at its unionised car factories, as well as design autonomous vehicles like self-driving cars, drones and delivery robots to offer mobility services

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Uber In Talks To Sell Its ATG Self-Driving Unit To Aurora

Uber's ATG, which works to develop autonomous driving technology, counts Toyota Motor Corp and SoftBank Group Corp among its investors.

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ICICI Lombard And Bharti AXA Sign Definitive Agreements To Combine Their Non-Life Insurance Businesses

The proposed transaction provides a meaningful opportunity for ICICI Lombard to consolidate its market leading position in the non-life insurance sector, becoming the third largest non-life insurer.

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India's Bharti And UK Win Auction For Satellite Operator Oneweb

Prime Minister Boris Johnson's government has pledged 500 million pounds ($623 million) in equity and the two groups are talking to other investors about entering the consortium.

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Japanese Telco SoftBank Invests In Startup Splyt In Hunt For Super App

Japanese tech firms have lagged peers such as Tencent Holdings, with its WeChat app, in creating super apps, which offer access to a range of services via a single interface.

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SoftBank Bought Back Almost $600 Million Of Own Shares In May

That takes SoftBank's total spending on buybacks since announcing the programme in March to 311 billion yen

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OYO Says Annual Loss Grew Over Six-Fold On China Expansion

SoftBank Group was almost wiped out as it faced losses at its $100 billion Vision Fund, its results last week showed, which came months after its bailout of loss-making startup WeWork.

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SoftBank Group Quarterly Profit Wiped Out By Vision Fund Losses

The fund, which is backed by Saudi Arabia and has single-handedly changed the face of tech investing, said it had invested $74.6 billion in 88 companies as at December-end.

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U.S. Judge Expected To Rule In Favour Of Merger Of Sprint, T-Mobile

The companies had said the deal was needed to help them build out next generation of wireless, called 5G, and better compete with sector leaders Verizon Communications Inc and AT&T Inc.

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Ride-Hailing Firm Ola To Add 10,000 Electric Three-Wheelers To Fleet

Ola, which operates in 110 Indian cities and has over a million driver partners, said the electric three-wheelers will be introduced in three cities but did not name them

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Indian Ride-Hailing Firm Ola To Launch 10,000 Electric Vehicles Over 12 Months

The move is part of a broader push by Ola to launch 1 million electric vehicles on its platform by 2021

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SoftBank Funding May Spur Uber To Re-Think Tough Southeast Asian Market

SoftBank has also been a big investor in Uber's rivals across Asia, including Southeast Asia's Grab, China's DiDi Chuxing, and India's Ola, as it works to achieve founder Masayoshi Son's vision of a future driven by artificial intelligence and interconnected devices

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