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(Reuters) — Japan’s SoftBank Group on Monday reported a 49 percent rise in first-quarter operating profit, boosted by the sale of its stake in Indian e-commerce firm Flipkart – the first public divestment by its Vision Fund. The sale of the stakes are early signs that SoftBank is able to monetize its investments – a […]
(Reuters) — Big cash infusions for startups from an ever-expanding group of financiers, led by SoftBank and Middle East sovereign wealth funds, have extinguished hopes that the technology IPO market would bounce back this year. These deep-pocketed financiers, which have traditionally invested in the public markets but are seeking better returns from private tech companies, […]
WSJD LAGUNA BEACH, CA — SoftBank’s multi-billion-dollar investment in Uber will be finalized “very likely in the next week,” Uber board member Arianna Huffington said at the WSJD conference Monday. Uber’s board voted earlier this month to approve the Japanese tech conglomerate’s investment, which would add six more board seats, include a commitment to go […]
Softbank may be best known as one of Japan’s top phone carriers, but their recent behind-the-scenes investments make it clear they want something more. Bloomberg Technology reports that the Japanese company has invested in iRobot, the manufacturer of the robot vacuum Roomba, with a stake of less than 5 percent. iRobot recently reported strong second-quarter […]
Japanese telecom giant SoftBank made a splash last year by announcing plans to invest $ 50 billion in the U.S. as part of its massive $ 100 billion “vision fund.” According to company CEO Masayoshi Son, the company’s investments in U.S. firms will create roughly 50,000 jobs. One of the benefits of SoftBank’s approach is […]
