December 14th, 2020Hyundai Motor Group to acquire a controlling stake in Boston Dynamics, valued at $1.1 billion to integrate into autonomous vehicles, UAMs and smart factories.
December 22nd, 2018
SoftBank Group is in advanced talks to invest $1.5 billion in Grab, three times a previously expected $500 million, as Southeast Asia's biggest ride-hailing firm looks to expand, a person with knowledge of the matter said. Six-year old cab aggregator Grab has so far raised over $6.5 billion, led by SoftBank, Chinese ride-hailing firm...
July 23rd, 2018With Paytm showing a commendable growth in every aspect, the digital payments giant is planning to launch its operations in Japan in collaboration with Masayoshi Son’s Softbank Group. This event is expected to take place by the end of 2018.
People familiar with the matter stated that Son is trying to mark his footprints in this...
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 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,...
Japanese 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...
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...
