SoftBank launches $100 mn fund investing in 'people of colour'
Named the "Opportunity Growth Fund", its total initial size is less than a typical single investment by the $100 billion Vision Fund, which is headed by Claure's rival Rajeev Misra, and will focus on African Americans and Latinos in the U.S..
WhatsApp gets a raw deal from India in payments
WhatsApp needs a nod from the National Payments Corporation of India to throw open the switch...
SoftBank hands new roles to two Vision Fund managing partners
The executive reshuffle signals a heightened focus on SoftBank’s senior ranks i...
View: Start up and smell the Covid crisis
This time it’s clear, startups will have to understand that businesses have always been started to make money, even if the journey to that goal is long. The endgame is only one — until, of course, you’re a not-for-profit gig.
Paytm Mall in talks for Grofers stake as SoftBank pushes for consolidation
Online retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment, multiple people in the know told ET, adding that the ongoing discussions may even lead to a merger.
SoftBank doubles Vision Fund chief, Rajeev Misra's, pay despite record loss
The pay hike for Rajeev Misra comes at a time when the Vision Fund is planning deep cuts in staffing.
SoftBank’s Vision Fund is planning to cut 10% of staff
The Vision Fund has struggled since WeWork botched its efforts to go public last year and SoftBank stepped in to bail the company out.
Jio Platforms to raise Rs 13,640 crore more from Mubadala, Silver Lake
An additional Rs 4546.80 cr takes the total investment by Silver Lake to over Rs 10,000 cr for a 2% stake.
SoftBank Vision Fund head's pay doubled last year despite massive losses
SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund's under-performance pushed SoftBank to a record operating loss of some $13 billion.
Munich Re may lead $70 million round in Acko
Other existing investors, such as Amazon, former SoftBank executive Kabir Misra's RPS Ventures and Intact Ventures, will likely participate in the ongoing fundraising, as per sources.
SoftBank’s Masa-Misra partnership strained by losses, infighting
Misra is at the heart of the problem in ways that go beyond how the fund’s companies are performing.
Abu Dhabi Investment Authority in talks to invest in Jio platforms
ADIA follows Mubadala, the sister firm of the UAE’s largest sovereign wealth fund, which has already been in negotiations with Reliance Industries that owns Jio Platforms. It is not clear how much each of the funds will invest. Both entities, along with Saudi Arabia’s sovereign wealth fund Public Investment Fund, may invest close to $2 billion in RIL’s digital business unit.
SoftBank-Bharti JV eyes up to $750 million fund-raise
SB Energy, renewable energy arm of SoftBank, has mandated Bank of America Merrill Lynch and Barclays to help raise $500-$750 million in SBG Cleantech — it’s 80:20 joint venture with Bharti, multiple people aware of the development said.
SoftBank doubles buyback plans while Jack Ma leaves board
That first buyback, announced in mid-March, initially failed to lift SoftBank’s stock amid concerns the conglomerate’s portfolio of startups is vulnerable to the economic shock from the coronavirus pandemic.
SoftBank to sell $ 3.1 billion worth of Japan telecom unit stake
The sale of 240 million shares for a yet to be determined price and set to close on May 26 will leave SoftBank Group with a 62.1% stake in Japan's third-largest wireless carrier.
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