May 13th, 2018US retail giant Walmart Inc mentioned in its report to US security exchange that they may come up with an initial public offer (IPO) of Flipkart as early as four years.
Walmart in its report said IPO will be at "a valuation no less than that paid by Walmart under the share issuance agreement, subject to the satisfaction of certain other...
May 11th, 2018New Delhi: SoftBank founder Masayoshi Son yet not decided to sell its 20-22% stake in Flipkart to Walmart Inc., sources close to the company told to Pixr8 News.
After seeing the valuation of the company, Masayoshi Son is in dilemma and will take a call in the next 7-10 days on whether to exit India’s biggest online retailer or stay...
November 7th, 2017SoftBank CEO Masayoshi Son on Monday said he could still walk away from the deal between SoftBank Group Corp and Uber, after the negotiations for stake in the cab aggregator platform. He also added that perhaps the company may even invest in Uber's rival Lyft.
“Depending on the price and conditions, it is wholly possible we could...
October 20th, 2017Chris Lane thinks investors haven't realised what Masayoshi Son is trying to do at SoftBank Group Corp.
The Sanford C. Bernstein analyst just initiated coverage of the Japanese company with an “outperform” rating and a forecast that shares could rally 36% over the next year. Investors still see SoftBank as primarily a...
September 23rd, 2017SoftBank's American telecommunications holding company that provides wireless services, Sprint and Deutsche Telekom's T-Mobile are very close to carry out a merger, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers.
According to the reports, after the stock-to-stock merger, Deutsche Telekom...
September 14th, 2017SoftBank's CEO Masayoshi Son's younger brother Taizo Son, has also decided to dive in the startup ecosystem in India.
Taizo's investment firm and incubator, Mistletoe, launchd in 2013 has tied up with GSF Accelerator and Infobridge, a business consultancy that connects Japanese companies with their Indian counterparts, to launch a...
August 10th, 2017Indian ecommerce giant Flipkart has raised a record breaking funding of at least $2.5 billion from SoftBank Vision Fund, making its rival Amazon a huge blow and claiming its dominance in the market.
The latest round of funding takes Flipkart’s cash reserves to more than $4 billion. Although, Flipkart didn’t disclose the amount,...
July 20th, 2017Plenty, the leading field-scale indoor farming company remaking the global food system, announced today a $200 million Series B funding round led by the SoftBank Vision Fund, making it the largest agriculture technology investment in history. Other participants in the round include existing backers such as DCM Ventures and funds that...
June 2nd, 2017SoftBank Group Corp said on Wednesday it was taking a significant minority stake in OSIsoft LLC, a privately held maker of industrial software used to manage plants and factories.
The world's largest industrial companies, from General Electric Co to Siemens AG, have been incorporating more software into their manufacturing to cut...
May 21st, 2017The world's largest private equity fund, backed by Japan's Softbank Group and Saudi Arabia's main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics.
"The next stage of the Information Revolution is under way, and building the businesses...
May 20th, 2017Deep Nishar spends more time roaming university hallways than he does corporate boardrooms.
A former electrical engineer who helped develop Google's mobile phone business and grow LinkedIn's users from 30 million to half a billion, Nishar is exactly the sort of industry specialist that SoftBank Group CEO Masayoshi Son wants for his...
May 18th, 2017Japanese conglomerate SoftBank has pumped in USD 1.4 billion (over Rs 9,079 crore) in Indian digital payments platform, Paytm, marking the largest fund infusion by a single investor in an Indian start-up.
This is Softbanks largest investment in a single company in India. While both the companies have declined to comment on the...
