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Latest Articles in softbank

Policybazaar Gets Insurance Broking Licence From IRDAI

The broking licence will allow the company to venture into segments which it could not do in the past like claims assistance, offline services, and establish Points of Presence network.

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SoftBank In Talks To Invest USD 500-600 MN In Flipkart: Sources

E-commerce has seen strong growth in the country amid the pandemic as containment measures introduced millions to the convenience of online shopping, and prompted seasoned online shoppers to buy more.

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Adani Green To Buy Softbank's India Renewables Unit At USD 3.5 Bn Valuation

AGEL now has a portfolio of 24.3 gigawatts (GW) - enough to power more than 8.5 million homes, or nearly all the households in Australia (9.2 million) each year.

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Redis Raises USD 110 Mn From Tiger Global, Softbank, TCV At Over USD 2 Billion Valuation

The new investors made an additional investment of USD 200 million to purchase equity from some of the early stage investors in the Israel-based IT firm.

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Online Boom: SoftBank-Backed Coupang Surges To Over $100 Billion Valuation In Debut

Coupang's net sales jumped 91% year-on-year to $11 billion. Net losses narrowed to $567.6 million from $770.2 million posted in the prior year.

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SoftBank's Internet Business To Invest $5 Billion To Resist Overseas Tech Giants

Z Holdings retains its listed status, one of a number of such firms among SoftBank's domestic holdings, despite calls for Japanese firms to unwind such structures.

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SoftBank Third-Quarter Earnings Recovery Seen Driven By IPO Boom

Alibaba's shares have fallen 17% from October highs after Chinese regulators halted the bumper IPO of its fintech affiliate Ant.

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SoftBank's Shares Jump 7% On Buyout Debate Report

SoftBank's shares are seen as chronically undervalued by company executives, with debate around the benefits of a buyout intensifying as they plunged to lows in March.

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SoftBank's Vision Fund Back To Black Even As Some Of Son's Tech Bets Sting

SoftBank said it had net gain on investment from the two funds of 1.4 trillion ($13.5 billion) in the six months through September, though much of that reflected unrealised profit from portfolio companies.

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SoftBank Restarts Buybacks As Asset Sales Swell Cash Pile

SoftBank's shares traded sideways during the lull in August ahead of deal news, which included the sale of chip designer Arm to Nvidia Corp, but have since resumed their climb and closed near two decade highs on Wednesday.

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Paytm Targets A Million Apps On Its Mini App Store To Take On Google

Paytm, also backed by Japan's SoftBank and Warren Buffett's Berkshire Hathaway, will create a 100 million rupee ($1.37 million) fund for India's mini app developers, Sharma added.

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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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