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For all the turbulent developments in the tech world this year, the impact of SoftBank’s massive investment fund may loom largest over the startup world for years to come. Back in May, SoftBank CEO Masayoshi Son announced that the fund has closed on $ 93 billion of its planned $ 100 billion fund. Announced the previous year, […]
Getty SoftBank is considering putting around $ 300 million (£222 million) into US food startup DoorDash. The Japanese tech giant has a $ 98 billion (£73 billion) fund to invest in promising tech companies worldwide. DoorDash competes with the likes of UberEats and GrubHub. SoftBank is mulling a $ 300 million (£222 million) investment in […]
(Reuters) — Japan’s SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc at a valuation of $ 48 billion, a 30 percent discount to its most recent valuation of $ 68.5 billion, a person familiar with the matter said on Monday. The investment, which was approved by the Uber board in October, […]
Japanese telecommunication and automotive giants SoftBank and Honda are teaming up for a joint research program that will look at how fifth generation mobile networks, or 5G, can be used to improve connected car technology. 5G promises higher-capacity connectivity compared to existing 4G standards, and carriers around the world are currently investing in the infrastructure needed […]
Thomson Reuters (Reuters) – Software startup Slack Technologies Inc said it raised $ 250 million from SoftBank Group Corp and other investors in its latest funding round, boosting the company’s valuation to $ 5.1 billion. The latest fund-raising, led by SoftBank through its giant Vision Fund and joined by Accel and other investors, lifted Slack’s […]
(Reuters) — Kabbage Inc, a U.S. online lender for small businesses, said on Thursday it had raised $ 250 million in equity funding from SoftBank Group Corp, the latest fintech investment by the Japanese technology conglomerate. That is the largest equity investment in such lenders outside of China so far, according to data provider CB […]
Uber’s shareholders and its board, led by venture capital firm Benchmark, have discussed selling some of their shares to Masayoshi Son’s SoftBank Group and other potential investors, Bloomberg reported, citing people familiar with the matter. The deal could include investment of new money into the startup, Bloomberg reported, adding that details about the valuation of shares or how much […]
Japanese tech company SoftBank will acquire Boston Dynamics, a high-profile robotics firm that was picked up by Google X in December 2013 and then moved under the Alphabet umbrella. Boston Dynamics is famous for creating a series of animal-like robots, including the original sounds-like-a-swarm-of-bees BigDog, robot-land-speed-record-holder Cheetah, the militarised AlphaDog, and a couple of bipedal […]
It’s been over a year since we heard that Google’s parent company Alphabet wanted to sell its robotics company Boston Dynamics, and now it has a buyer: Softbank. The Japanese company has been working on its own robots for years, including the helpful Pepper, and now they’ll be under the same umbrella as Handle, Big […]
It’s normally not a big deal if a tech investment fund scores a lot of money (unless you’re a startup CEO eager for cash), but the latest windfall is definitely an exception to the rule. After no shortage of hype, Sprint owner SoftBank and the Saudi Arabian government have secured their first major round for […]
