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SoftBank to sell 4 pc stake in Alibaba
Softbank will still remain Alibaba's biggest shareholder with 28 percent after this transaction.SoftBank on Wednesday announced it will sell a four percent stake in Alibaba Group in a sale that will...
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Nikesh Arora steps down as Softbank President
The resignation is a result of a disagreement with Masayoshi Son about when Nikesh Arora will be made the CEO of the company.Nikesh Arora has today announced that he will be stepping down from his post...
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Despite stepping down, Ola to continue engaging with SoftBank’s Nikesh...
Nikesh Arora yesterday stepped down as SoftBank President.Leading taxi aggregator Ola would engage with Japanese SoftBank Group’s outgoing Indian executive Nikesh Arora even after he dons the role of...
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SoftBank and Aeris join hands to provide IoT services globally
The tie up will help bring IoT services to market quickly and cost-efficiently as well.Aeris, the service provider of Japanese telecommunications and internet corporation SoftBank and Internet of...
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Softbank to buy ARM, the designer of chips that powers almost all smartphones
Japan's SoftBank plans to buy ARM for around $32 billion with the aim of becoming a leader in the IoT space.SoftBank has reportedly agreed to acquire UK-based semiconductor giant ARM Holdings in a deal...
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SoftBank announces plan to acquire ARM for $31 billion
Japan's SoftBank is acquiring UK-based ARM in a deal worth around $31 billion, which will be completed sometime this quarter.SoftBank has announced that it has reached an agreement to acquire UK-based...
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SoftBank Group reports profit of 19 percent in Q1, 2016
SoftBank Group which owns US wireless carrier Sprint, reported a profit of $2.4 billion in the first quarter which is an increase of 19 percent from last year. SoftBank had also announced its buying of...
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SoftBank could invest up to Rs 2,000 crore in Ola Cabs
An official announcement about the investment is most likely to be announced in the next few weeks. This fund is seen as a major boost to Ola to compete against its rival Uber.Japan’s SoftBank Corp is...
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SoftBank writes down $555 million of its investments in Ola, Snapdeal
SoftBank had invested around Rs 1,399 crore in Ola and Rs 4,177 crores in Snapdeal in October 2014. Around Rs 1,887 crore were lost due to a currency impairment.Japan’s SoftBank Corp has booked an...
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Apple to invest $1 billion in SoftBank’s Vision Fund
SoftBank's $100 billion Vision Fund aims to encourage emerging technologies including Artificial Intelligence and Internet of Things.Tech giant Apple on Thursday confirmed it plans to invest $1 billion...
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SoftBank lost $350 million from investments in Snapdeal, Ola in 2016
SoftBank has so far invested close to $2 billion in India.Japan’s SoftBank Corp has booked an investment loss of 39.28 billion yen ($350 million) on its investments in India, including those in...
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Ola to raise $100 million funds via Tata’s RNT Capital, Falcon Edge Capital:...
Ola is reportedly also negotiating further funding of $200 million from other investors.In an effort to compete with its rival Uber, Indian ride hailing service Ola, is reportedly raising fresh capital...
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Snapdeal sale to Flipkart on cards again, but board yet to be convinced: Report
SoftBank reportedly put forth the proposal that Snapdeal shareholders should be given one share in Flipkart for every ten they own.Coping with the heavy competition that Amazon has posed in the Indian...
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Ola Cabs to soon conduct pilot test for electric vehicles
SoftBank chairman recently said that Ola could introduce one million electric vehicles in India over the next five years.SoftBank-backed Ola will soon launch a pilot to test electric vehicles on its...
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Snapdeal founders Kunal Bahl, Rohit Bansal’s letter to employees all...
This letter from the Snapdeal founders all but confirms the sale rumors.It’s no secret that Snapdeal has had a difficult year, with multiple lay offs, and top executive shuffles, among other things....
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SoftBank records loss of over $1.4 billion from Snapdeal and Ola
Earlier this year SoftBank reported that they lost $350 million from investments in Snapdeal, Ola in 2016.Japanese conglomerate SoftBank Group said it has recorded loss from investments to the tune of...
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Paytm to acquire FreeCharge, Flipkart to takeover Snapdeal; signs...
It's official! Snapdeal will be sold to Flipkart and Paytm will be acquiring Freecharge soon.Here's everything you need to know.Since the time demonetization has hit India, digital and cashless...
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Paytm raises $1.4 billion funding from SoftBank
SoftBank joins long-time partner Alibaba Group as a major shareholder and will take a seat on the Paytm board.Mobile payment and commerce platform Paytm, run by One97 Communication Ltd, has raised $1.4...
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Paytm gets $1.4 billion from SoftBank to help expand digital financial services
Paytm plans to invest Rs 10,000 crore over the next few years to bring more digital financial services for Indians.In what is said to be the largest round from a single investor, Paytm raised $1.4...
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Softbank’s $1.4 billion funding could finally help Paytm shed its ‘Chinese...
Softbank's latest fund infusion in India's largest mobile payments firm is significant in more ways than one.It’s widely believed that Paytm was the biggest beneficiary of the Indian government’s...
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