Page 6 - Softbank

Japanese investment giant SoftBank may partially exit Ola, Swiggy, FirstCry

Investment giant hopes to rake in handsome returns

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 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

Japan's SoftBank makes another bet on WeWork, hoping landlords will too

WeWork's long-term lease obligations of $13.3 billion accounted for more than 70% of its total debt as of end-June

Softbank sells 1.09% stake in Zomato worth Rs 1,040 cr via open market

Japanese conglomerate Softbank on Friday divested a 1.09 per cent stake in online food delivery platform Zomato for Rs 1,040 crore through an open market transaction. Softbank through its affiliate SVF Growth (Singapore) Pte Ltd offloaded shares of Zomato on the National Stock Exchange (NSE). Bandhan Mutual Fund (MF), Motilal Oswal MF, Axis MF, Max Life Insurance Company, Abu Dhabi Investment Authority, Fidelity Investments, Goldman Sachs (Singapore), Societe Generale, and Morgan Stanley Asia Singapore, among others were the buyers of shares of Zomato. According to the block deal data available with the NSE, SVF Growth (Singapore) sold 9,35,69,368 shares, amounting to a 1.09 per cent stake in Zomato. The shares were disposed of at an average price of Rs 111.20 apiece, taking the transaction value to Rs 1,040.49 crore. After the transaction, Softbank's shareholding in Zomato declined to 1.08 per cent from 2.17 per cent stake. Shares of Zomato rose 1.84 per cent to close at Rs 113.

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

US-based Invesco marks up Swiggy's valuation by 43% to $7.85 billion

This comes after two markdowns by US investor in four months

E-commerce firm Meesho logs 10 million orders in pre-festival sales event

The SoftBank-backed firm expects over 3X growth during the upcoming festive season

Artificial general intelligence will come within 10 yrs: SoftBank CEO Son

He also introduced the idea of "Artificial Super Intelligence" at the conference which he claimed would be realised in 20 years and would surpass human intelligence by a factor of 10,000

Meesho makes platform non-GST inclusive to attract millions of new sellers

This move will potentially unlock 15-20 million sellers in historically under-penetrated states for the company

OpenAI in talks with former Apple product designer for AI device: Report

Earlier this week OpenAI announced that to its generative AI-based chatbot ChatGPT can now listen, speak, and process images

SoftBank left millions on the table to engineer a win for Masayoshi Son

as he and other top executives met with bankers to plot this week's initial public offering for Arm Holdings Plc, the focus was making sure the sale would go off without a hitch

SoftBank's Arm eyes $62 billion valuation in likely stellar Nasdaq debut

Its stock opened at $56.1 per American Depositary Share compared with the initial public offering (IPO) price of $51, in a sign of confidence for other companies planning to list

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's Arm aims for over $52 bn valuation in biggest US IPO of the year

SoftBank is offering 95.5 million American depository shares of the Cambridge, United Kingdom-based company for $47 to $51 apiece and aims to raise up to $4.87 billion at the top of the range

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 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

Japan's SoftBank will likely sell shares in India's Zomato: Report

U.S.-based firms Sequoia and Tiger Global, who were investors in Blinkit, had also received shares in Zomato after the acquisition

E-commerce firm Meesho aims to digitise 10 mn small businesses by 2027

The company said this would unlock new opportunities for small, medium, and local enterprises with an annual turnover below 40 lakhs, to embrace digital commerce

SoftBank-owned Arm files for IPO in US, could be biggest in nearly 2 years

At $10 billion, the listing could be the largest in the US since electric-vehicle maker Rivian Automotive Inc's $13.7 billion offering in October 2021