With Alibaba stake cut, SoftBank’s Son cools toward China tech
SoftBank Group Corp’s (9984.T) decision to sell down its Alibaba Group Holding (9988.HK), stake for a $34 billion gain may be aimed at bolstering its finances, but it also underlines how CEO Masayoshi Son has cooled on China tech.
SoftBank Vision Fund posts $26 bln loss; Son pledges defence
Japan’s SoftBank Group Corp (9984.T) reported a record $26.2 billion loss at its Vision Fund investment arm on Thursday, as rising interest rates and political instability whiplashed high-growth tech stocks.
SoftBank seen posting bruising Vision Fund loss on tech sell-off
Japan’s SoftBank Group Corp (9984.T) is set to report a bruising loss at its Vision Fund investment unit on Thursday, analysts said, after investors sold off the high-growth stocks favoured by the fund with questions about their earnings potential.
SoftBank is negotiating the sale of its French robotics business to Germany’s United Robotics
SoftBank Group Corp. plans to sell the robotics business behind its Pepper android to the United Robotics Group of Germany, shrinking the size of a once-promising growth driver. The decision has not yet been made, according to sources who are closely involved in the matter but are unwilling to reveal their identities because they are […]
China’s Didi improves pay transparency for drivers
China’s Didi Global Inc (DIDI.N) said on Monday it will provide its drivers in several Chinese cities with more details on the fees they receive, the first big move by the ride-hailing giant after state media accused it of paying drivers unfairly.
EXCLUSIVE Ex-director seeks to stall $2 bln Paytm IPO, company calls it harassment
Paytm’s $2.2 billion IPO is facing an unusual hurdle – a 71-year-old former director has urged India’s markets regulator to stall the offering, alleging he is a co-founder who invested $27,500 two decades ago but never got shares.
EXCLUSIVE India considers sharp import tax cuts on EVs after Tesla lobbying – sources
India is considering slashing import duties on electric cars to as low as 40%, two senior government officials told Reuters, days after Tesla Inc’s (TSLA.O) appeals for a cut polarised the country’s auto industry.
SoftBank sells one-third of its stake in Uber!
According to reports, SoftBank, a technology investment firm, is selling roughly one-third of its stake in Uber. SoftBank is selling approximately $2 billion (£1.44 billion) in shares to help offset losses from its investments in Chinese ride-hailing company Didi and other ventures. Didi’s stocks have plummeted in value since its debut in the US market […]
SoftBank sells 45 mln shares in Uber – source
SoftBank (9984.T) is selling about 45 million of its shares in Uber Technologies Inc (UBER.N), a source familiar with the matter told Reuters on Wednesday.
Apollo Global joins battle for Britain’s Morrisons
The $8.7 billion bid battle for Britain’s fourth largest supermarket group Morrisons (MRW.L) ratcheted up on Monday when a third private equity group, Apollo Global Management, entered the fray.
