Page 7 - Softbank Group

SoftBank's Rajeev Misra to step back to launch new fund: Report

A key lieutenant of SoftBank's founder Masayoshi Son, Misra will retain a senior position with the group's first $100-bn Vision Fund, but relinquish other roles, say people familiar with the matter

SoftBank's Masayoshi Son to face shareholders shaken by $34 bn loss

Shareholders looking for signs of recovery see a portfolio awash with red instead

Amid testing times, SoftBank Group Int'l CEO leaves after 5 months on job

Five years of deploying billions of dollars into some of world's most celebrated startups saddled SoftBank Group with a record loss in the year ended in March after a global rout in tech valuations

Meesho eyes 1.2 bn shipments by next year using third-party logistics

SoftBank-backed internet commerce firm aims to become biggest contributor in its space in terms of shipments through 3PL players

SoftBank Group's top executives pay slashed after historic Vision Fund loss

SoftBank Group's founder and Chief Executive Officer Masayoshi Son kept his pay unchanged at 100 million yen (roughly $785,000)

PM Modi, SoftBank's Son discuss more investments after big tech bets

Prime Minister Narendra Modi and SoftBank Group founder Masayoshi Son met on Monday to discuss more investments by the country's biggest tech backer

SoftBank logs $13 bn FY net loss, will trim tech investment portfolio

'We have to prepare for the worst; be in defence mode,' says Masayoshi Son, company CEO and founder

SoftBank reports $13 billion FY net loss, faces sliding tech portfolio

The slump is casting a shadow on founder and CEO Masayoshi Son's strategy of heavy concentration in high-growth stocks increasingly out of favour with investors as interest rates rise

Stage set for PE majors to make a splash in India's tech startup gold rush

Indian tech startup ecosystem has attained a threshold of maturity in the last few years which makes it attractive for large PE players

SoftBank's Arm to lays off up to 15% staff members as it readies for IPO

The British company will shed 12 per cent to 15 per cent of staff in the UK and the US, Chief Executive Officer Rene Haas said in a memo to staff, according to a person familiar with the matter

SoftBank sold shares worth $1 billion in Korean e-commerce firm Coupang

SoftBank Group Corp's Vision Fund sold shares worth $1 billion in Korean e-commerce firm Coupang, a filing showed, amid a slump in the value of the tech investment firm's holdings

SoftBank Group senior executive Akshay Naheta in talks to leave

Naheta, who leads SoftBank's public equity investments, is discussing taking an advisory role at the firm to focus on his own long-only fund, sources said

Flipkart IPO 'very much on the cards', no timeline for it: Walmart CFO

Flipkart IPO: Timing will depend on where the business is and market conditions, says Brett Biggs

SoftBank COO spars with Masayoshi Son, demands $2 billion in compensation

Son and other senior SoftBank executives in Japan are seeking to pay Claure a much smaller sum

I believe in India's future, will support with investments: Masayoshi Son

His firm SoftBank is the biggest foreign investor in India today and has funded 10% of all unicorns

SoftBank poised to lose $74-bn payday if Arm deal is halted

US antitrust officials sued to block the takeover on Thursday, arguing it will stifle innovation in the chip industry

SoftBank to acquire stake in Icertis., valuing tech company at $5 bn

SoftBank Group Corp. is nearing a deal to buy a stake in technology unicorn Icertis Inc., valuing the enterprise software maker at about $5 billion

Paytm can grow its value going forward, says Softbank's Masayoshi Son

While Paytm is seeking a valuation of around $20 bn, it is much lower than the rumoured expectation of $25-30 bn

SoftBank dragged into red in Q2 by falling Vision Fund valuations

"The strategy of let's create the perception of enhanced value by taking things public hasn't really worked this year," Redex Research analyst Kirk Boodry said

Blizzard-hit SoftBank launches $9-bn buyback after $10-bn Vision Fund loss

Even as the value of its assets slide, the Japanese tech conglomerate said its stock is undervalued and will spend up to 1 trillion yen ($9 bn) buying back nearly 15% of its shares