Softbank exits Paytm at loss of around $150 million

Softbank exits Paytm at loss of around 0 million

New Delhi: Japan’s Softbank investment arm Softbank Vision Fund exited from Paytm in the June quarter at a loss of around USD 150 million, sources aware of the development said. Softbank invested about USD 1.5 billion in One97 Communications — the owner of Paytm brand — in tranches in 2017. “Softbank has exited Paytm at … Read more

SoftBank stock rises on CEO’s plan for $100 billion chip project

SoftBank stock rises on CEO’s plan for 0 billion chip project

Tokyo: SoftBank Group’s stock rose as founder Masayoshi Son considers the creation of a $100 billion chip venture that would supply AI-enabling semiconductors. Shares in the Tokyo-based tech investor gained as much as 3.2% after Bloomberg News reported the 66-year-old billionaire is seeking funding for a foray into AI chips to compete with Nvidia Corp. … Read more

Nomura, Goldman Sachs buy Zomato shares as SoftBank sells 1.17% in Rs 947 crore deal

Nomura, Goldman Sachs buy Zomato shares as SoftBank sells 1.17% in Rs 947 crore deal

SoftBank sold a partial stake in food delivery platform Zomato through bulk deals on Wednesday. The transaction was done at Rs 94.7 apiece, taking the deal value to Rs 947 crore. According to exchange data, SoftBank Vision Fund has offloaded 10 crore shares or 1.17% stake in the company as the lock-in for the post-Blinkit … Read more

SoftBank’s arm files for IPO that is set to be 2023’s biggest

SoftBank’s arm files for IPO that is set to be 2023’s biggest

SoftBank Group Corp.’s Arm Holdings Ltd. took a step toward what’s set to become the biggest US initial public offering of the year, a bet that the once-obscure designer of phone chips can flourish in the era of artificial intelligence computing. In a long-awaited regulatory filing Monday, Arm said the offering is being led by … Read more

SoftBank buys Vision Fund’s stake in Arm at valuation of $64 billion

SoftBank buys Vision Fund’s stake in Arm at valuation of  billion

NEW YORK, – SoftBank Group Corp has acquired the 25% stake in Arm Ltd it does not directly own from its Vision Fund unit in a deal that values the chip designer at $64 billion, according to people familiar with the matter. Details of the transaction will be unveiled on Monday when Arm makes public … Read more

Softbank sells 5.1% stake in Policybazaar for Rs 1,043 crore

Softbank sells 5.1% stake in Policybazaar for Rs 1,043 crore

New Delhi: Softbank on Friday sold 5.1% stake worth Rs 1,043 crore of PB Fintech, the parent of Policybazaar, through an open market transaction. SVF India Holdings (Cayman) offloaded 2,28,42,424 shares, amounting to 5.08% stake in the company, according to block deal data available with the National Stock Exchnage (NSE). The entity is a subsidiary … Read more

Fallacies of past performance; learnings from SoftBank

Fallacies of past performance; learnings from SoftBank

If one puts an infinite number of monkeys in front of (strongly built) typewriters and lets them clap away, writes Nassim Taleb in Fooled by Randomness, there is a certainty that one of them would come out with an exact version of the Iliad. That monkey then shows up at your door with his impressive … Read more

Qualcomm, Nuvia Sued by Softbank’s Arm Over License Breach

Qualcomm, Nuvia Sued by Softbank’s Arm Over License Breach

Qualcomm, the US-based semiconductor company, and its acquired chip design firm Nuvia has been sued by Arm, a chip technology firm owned by Softbank Group, on Wednesday. Arm has raised allegations against both Qualcomm and Nuvia over breach of license agreements and trademark infringement. Nuvia, founded by former Apple chip architects, was acquired by Qualcomm … Read more

Delhivery IPO: Softbank, Carlyle may reduce their OFS portion by 40%

Delhivery IPO: Softbank, Carlyle may reduce their OFS portion by 40%

MUMBAI: Private equity funds such as Softbank and Carlyle may reduce their offer for sale (OFS) portion anywhere between 30-40% during the initial public offering (IPO) of Delhivery, India’s largest fully integrated logistics company, according to bankers. The reduction in the OFS size is expected to be from Rs 2,460 crore earlier to around Rs … Read more

The Son way to rise | Book review: ‘Aiming High: Masayoshi Son, Softbank Group and Disrupting Silicon Valley’ by Atsuo Inoue

The Son way to rise | Book review: ‘Aiming High: Masayoshi Son, Softbank Group and Disrupting Silicon Valley’ by Atsuo Inoue

The story of SoftBank founder Masayoshi Son’s life and career is an inspiration for all innovators In business, it has been observed that there are three main types of entrepreneurs. The first are those who come from business families and are able to scale up operations and create extraordinary value through agility and innovation. They … Read more