June 2nd, 2018Nikesh Arora, an Indian businessman who was the president and COO of SoftBank Group, has now been appointed as the CEO and chairman of 'Palo Alto Networks', the global cybersecurity leader.
Arora has replaced Mark McLaughlin who has been the head for nearly seven years and has played a major role in its difficult stage of growth. The...
May 20th, 2018After acquiring Indian e-commerce unicorn Flipkart, US giant Walmart Inc. has finally sought approval of India's Anti-Trust Regulator for its mega $16 billion acquisition.
According to a Regulatory Filing sent to Competition Commission of India (CCI), Walmart has said that its buyout of Flipkart does not result in competition concerns...
May 17th, 2018The Japanese Internet Conglomerate, SoftBank Group Corp is reportedly in talks over a possible investment in food delivery and online restaurant company Zomato as told by sources familiar with the matter.
The possibility of Softbank's future investment in Zomato has been speculating in the market since six months back when the...
January 30th, 2018Indian cab aggregator Ola is set to go international with the launch of its operations in Australia in the coming weeks, a move that will further intensify its battle with US-based rival Uber.
The SoftBank-backed firm is now onboarding private hire vehicle owners onto its platform in Sydney, Melbourne and Perth, Ola said in a...
December 29th, 2017A consortium led by SoftBank Group Corp will buy a large number of shares of Uber Technologies Inc in a deal that values the ride-services firm at $48 billion, Uber said on Thursday, in a victory for new Chief Executive Dara Khosrowshahi.
The price is a roughly 30 percent discount to Uber’s most recent valuation of $68 billion. The...
December 19th, 2017Indian cab-aggregator unicorn Ola has acquired Foodpand India, run by Germany-based Delivery Hero Group. Run by ANI Technologies Pvt Ltd, Ola will also be investing around $200 million in Foodpanda's Indian business over an undisclosed period of time.
"Foodpanda India will benefit from Ola's scale and efficiencies as a platform, also...
December 13th, 2017Indian online e-commerce giant Flipkart has recently completed its $100 million re-purchase of employee stock options (ESOPs), marking it the largest share buyback programme in Indian startup history, a financial daily reported.
In a release on Wednesday, Flipkart said that over 3,000 existing and former employees of Flipkart,...
December 7th, 2017A 20-year-old Florida man was responsible for the large data breach at Uber Technologies Inc last year and was paid by Uber to destroy the data through a so-called “bug bounty” program normally used to identify small code vulnerabilities, three people familiar with the events have told Reuters.
Uber announced on Nov. 21 that the...
December 2nd, 2017Three senior managers in Uber Technologies Inc’s security unit resigned on Friday, an Uber spokesperson said, days after the company’s new chief executive officer disclosed a massive data breach and criticized past security practices.
Uber’s CEO, Dara Khosrowshahi, who was installed in the top job in August, disclosed the data...
November 30th, 2017Japanese multinational telecommunications corporation SoftBank Group has offered to buy shares from investors and former and existing employees of Indian e-commerce website Flipkart, valuing it around $9-10 billion.
SoftBank has offered to buy Flipkart shares at $85-89 per share, Mint reported.
The price range values Flipkart...
November 28th, 2017After investing in Indian e-commerce majors Flipkart and Snapdeal, Japanese multinational conglomerate SoftBank Group is now set to invest in another Indian e-commerce space Paytm Mall. It is estimated that Paytm Mall may receive a funding around $500-600 millions in a fresh round.
As per the reports, SoftBank will put around $300...
November 28th, 2017apan’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, would also trigger a string of...
