Page 4 - Softbank Group

SoftBank seeks to offload shares worth $135 million in Zomato: Report

This is the third time since August that SoftBank will offload its stake in Zomato, India's largest online food delivery service. It sold a similar stake in October

Berkshire Hathaway sells remaining 2.46% in Paytm for Rs 1,371 crore

Berkshire's exit comes after a string of selldowns for the firm, including stake cuts by Japanese conglomerate SoftBank Group and the exit of China's Alibaba Group

Softbank sells 2.5% stake in logistics firm Delhivery for Rs 739 crore

The names of the buyers were not disclosed by the exchange

SoftBank's Vision Fund hikes valuation of Swiggy, Ola Electric, FirstCry

SoftBank's Vision Fund is also increasing its focus on companies which can benefit from the artificial intelligence revolution

SoftBank hit with $6.2 bn quarterly loss as WeWork, tech investments dip

Japanese technology company SoftBank Group Corp. racked up a huge loss in the July-September quarter as its technology investments, most notably office-sharing company WeWork, went sour. Tokyo-based SoftBank loss totalled 931 billion yen (USD 6.2 billion) in the last quarter, a reversal from the 3 trillion yen profit it posted in the same period a year earlier. SoftBank has a sprawling investment portfolio and tends to have erratic financial results that fluctuate with market trends. That has been highlighted by the troubles at WeWork, which filed for Chapter 11 bankruptcy protection this week amid turmoil in the US commercial real estate market after the pandemic sent vacancies soaring in major cities like New York and San Francisco. SoftBank holds a nearly 80 per cent stake in WeWork. SoftBank's chief financial officer, Yoshimitsu Goto, sought to allay investor's worries, stressing in an online news conference that the company was still going strong overall, making cautious ...

SoftBank Group's vision fund reports another loss of $1.7 billion

The Vision Fund segment reported a loss of ¥258.9 billion ($1.7 billion) in the September quarter, compared with a ¥1.02 trillion loss a year ago

KFin Technologies Q2 profit up 28%; Softbank sells another 1.1% in Zomato

The financial services platform provides tech-driven solutions to the capital markets ecosystem including asset managers and corporate issuers

SoftBank's venture capital fund SVF Growth to sell 1.1% in Zomato

SVF Growth will sell the stake at an offer price of Rs 109.4 to Rs 111.65 per share, a 2 per cent discount to its current market price at the lower end, the report added

SoftBank's venture capital fund to sell $123 million stake in Zomato

Zomato shares have gained 88.3% so far this year and closed 1.4% lower on Thursday

Softbank sells 2.54% stake in PB Fintech; Godrej Industries shares up 20%

Shares of Godrej Industries shot up by 20 per cent on Friday following speculation that the two factions of the Godrej family have finalised the terms of separation

Meesho opens up its platform for sellers without GST registration

With an eye on 15-20 million non-GST registered sellers, SoftBank-backed Meesho has opened up its platform to onboard them for selling products online, the company said on Tuesday. The GST Council in July exempted small businesses making intra-state supplies through e-commerce platforms from taking GST registration if their turnover is below Rs 40 lakh in case of goods and Rs 20 lakh in case of services. The rule kicked in from October 1. "The platform has made significant technological adaptations which will enable non-GST sellers to start selling on the platform from October 1, 2023. This move will potentially unlock 15-20 million sellers historically under-penetrated states for the company," Meesho said in a statement. The company claims to have 1.4 million sellers on its platform. Meesho said it recognizes the unique characteristics of non-GST registered sellers, such as their high motivation and locally relevant selection from categories like fashion, consumer electronics and

SoftBank-backed Arm raises $4.87 billion in biggest IPO of the year

At the IPO price, Arm is valued at about $54.5 billion, according to Bloomberg News calculations. Underwriters have the option of buying as many as 7 million additional shares

SoftBank Group lines up Apple, Nvidia as strategic Arm IPO backers

The investors will put in amounts ranging from $25 million to $100 million, according to the people

Softbank sells 1.16% stake in Zomato, Navi MF files papers with Sebi

Navi Mutual Fund may soon join other peers in launching a balanced advantage fund

Zomato gains 5% after 100 mn shares change hands via block deal

As many as 100 million shares representing 1.2% of total equity of Zomato worth of Rs 947 crore changed hands on the National Stock Exchange.

SoftBank Group plans AI tour for founders to boost technology adoption

Son invested more than $140 billion in startups after setting up the Vision Fund in 2017, championing the potential of new technologies such as artificial intelligence

SoftBank sells a part of its stake in IPO-bound FirstCry for Rs 435 crore

Three Indian family investment offices have reportedly picked up stakes in the SoftBank-backed e-commerce firm

SoftBank Group in talks to acquire Vision Fund's 25% stake in Arm

The discussions come as Softbank is preparing to list the chip designer on Nasdaq next month at a valuation of $60 billion to $70 billion

Amazon in talks to become anchor investor in SoftBank's Arm IPO: Report

Arm, owned by SoftBank Group Corp., is gearing up for what promises to be the biggest tech IPO of the year. It's spent months talking to some of its top customers about joining the offering

SoftBank Group logs surprise loss but Vision Fund unit returns to profit

Overall, SoftBank reported a third consecutive quarterly loss, hit by declines in valuations for major investments such Alibaba Group, Deutsche Telekom, and T-Mobile US