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Softbank-Saudi sovereign fund raise $93 billion for IT investment
It is expected to obtain access to long-term investment opportunities worth $100 million.Japanese IT and telecom major Softbank Group’s funding arm along with Saudi Arabia’s sovereign wealth fund have...
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Softbank buys $4 billion worth stake in Nvidia Corp: Report
Softbank run VisionFund reportedly invest $4 Billion in the US base Graphic chipmaker Nvidia Corp.Softbank Group Corp. has now reportedly become the fourth major shareholder in Nvidia Corp after...
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Snapdeal has rejected Flipkart’s initial buyout offer on accounts of...
The development comes right after Flipkart completed its due diligence on the Gurgaon-based online marketplace.Struggling online marketplace Snapdeal which has been in talks with Flipkart for a buyout...
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Flipkart to make a revised offer for Snapdeal this week
The new offer is likely to be closer to $1 billion mark.Flipkart is expected to make a revised offer in the next few days for buying Snapdeal, after its first proposal of $850 million was rejected by...
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Flipkart could revise Snapdeal deal next week, may offer $900-950 million
Snapdeal has previously rejected a takeover offer of $800-850 million from Flipkart.E-commerce major Flipkart is expected to make a revised offer of $900-950 million for buying rival Snapdeal,...
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Former Softbank president Nikesh Arora in the race for Uber CEO: Report
Arora was also in the running for Softbank CEO before he resiged in June 2016.Former Softbank President Nikesh Arora is running for the role of Uber CEO, claims a New York Times report. Arora is one of...
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Flipkart extends revised buyout offer to Snapdeal, values it at $850-900...
The new offer comes within days of rival Infibeam's likely interest in Snapdeal.Flipkart has revised its initial buyout offer to Snapdeal two weeks after the Gurgaon-based online marketplace rejected...
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SoftBank’s 20% stake buy in Paytm gets CCI approval
SoftBank said it has pumped in $1.4 billion in Paytm ealrier this year.Japanese conglomerate SoftBank’s 20% stake purchase in One97 Communications, which operates digital payments platform Paytm, has...
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Snapdeal keen on Infibeam buyout while Softbank pushes for Flipkart: Report
Snapdeal founders would be able to retain control of the firm if the sale to Infibeam goes through.There is a new twist in the tale of Indian e-commerce’s most awaited marriage. The Flipkart-Snapdeal...
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Snapdeal calls off merger with Flipkart after several months of negotiations
Snapdeal founders want to run a smaller version of the company independently.Less than a week after reports suggested that Snapdeal had accepted Flipkart’s $900 million buyout offer, things have...
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SoftBank in talks with Flipkart for investments: Masayoshi Son
SoftBank is looking at investing around $2 billion in Flipkart.SoftBank CEO Masayoshi Son said he respected the decision of Snapdeal founders to call off merger talks with Flipkart and the Japanese...
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SoftBank keen to invest in either Uber or Lyft before entering America: Reports
The Japanese firm is already heavily invested in ride-hailing companies in Asia.Japanese investment giant Softbank is keen to buy into either Uber or Lyft to make further inroads into the...
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SoftBank invests more than $2 billion in Flipkart in India’s largest...
The online retailer now has $4 billion in cash on its balance sheet.After a failed attempt to merge Snapdeal with Flipkart, Japan’s SoftBank has invested a massive $2-2.5 billion in Flipkart. This...
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BGR India Weekly Wrap: Lenovo K8 Note launched, SoftBank invests over $2...
Here are our top five news stories of the week.The world of technology saw some interesting news this week. The one big news in the world of tech this week was the leak of the popular HBO series, Game...
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After SoftBank investment, Flipkart is the world’s third-most funded...
It is the only e-commerce company in the top ten with $7 billion in funds.After its latest fund-raise from SoftBank, Flipkart is the world’s third-most funded private company, and the most funded...
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Former SoftBank president Nikesh Arora denies being approached for Uber CEO
Arora was one of the many names in contention for the top job.Former SoftBank president Nikesh Arora has denied that he was ever approached to be Uber’s new CEO. Several reports have emerged in the...
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Uber’s Q2 numbers are good despite increasing organizational chaos:...
Uber recorded increased gross bookings, driver tips, and reduced quarterly losses.It is no secret that Uber’s going through some organizational mess: Lawsuits, employee exodus, allegations of...
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Paytm rebrands its postcard service as ‘Lifafa’ following legal...
Paytm claims that its gifting service has already registered half a million transactions.Paytm launched its digital gifting product, Postcard, on Raksha Bandhan earlier this month and has now rebranded...
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Paytm in talks to acquire deal discovery startup Little: Report
Paytm had led a $50 million funding round in Little back in 2015.Paytm has fast-expanded from being a mobile wallet operator to a full-fledged e-commerce business. It now allows movie bookings, hotel...
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Ola raises $2 billion from Japan’s SoftBank, China’s Tencent and...
The funds are likely to go into Ola's upcoming international expansion.In its latest major investment in India, Japan’s SoftBank has teamed up with China’s Tencent and pumped in $2 billion in homegrown...
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