Tag: SoftBank

Adani Green buys SB Energy from Softbank and Bharti; firm valued at $3.5 billion

NEW DELHI: Adani Green Energy Ltd. (AGEL) said on Wednesday it is acquiring SB Energy India from Softbank of Japan and India’s Bharti Group to add 4,954 MW in its renewable power portfolio. The deal is biggest acquisition in India’s renewable power sector. The transaction values SB Energy India at an enterprise valuation of approximately […]

Nvidia close to acquiring chip maker ARM for $40 billion: Report

NEW DELHI: US-based graphic giant Nvidia is close to acquiring SoftBank-owned UK chip company ARM in a deal valued at more than $40 billion, the Wall Street Journal reported on Sunday. The Japanese technology conglomerate bought ARM for $31 billion in 2016. The company powers major mobile processors from companies like Qualcomm, Apple, Samsung and […]

Exclusive: SoftBank partners with India’s Oyo in Latam in move for more oversight

By Carolina Mandl, Aditi Shah and Anirban Sen SAO PAULO/NEW DELHI/BENGALURU: SoftBank Group is taking a direct role in managing its virus-hit hospitality startup Oyo’s operations in Latin America through a joint venture which will control all hotels in the region, the head of Oyo Brazil told Reuters in an interview on Friday. SoftBank, the […]

Unacademy gets SoftBank backing, joins unicorn league

BENGALURU: Edtech firm Unacademy on Wednesday said it has raised an investment of $150 million (approximately Rs 1,098 crore) in a round led by Japanese conglomerate SoftBank, increasing the Bengaluru-based firm’s valuation to $1.45 billion. Existing investors General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures also participated in the round. “Learning from […]

SoftBank’s Vision Fund tumbles to $18 billion loss in ‘valley of coronavirus’

By Sam Nussey TOKYO:  Japan’s SoftBank Group Corp reported a stunning $18 billion loss at its giant Vision Fund, pushing Masayoshi Son’s conglomerate to a record loss and highlighting the deepening crisis at its portfolio companies from the global downturn. The disastrous 1.9 trillion yen ($18 billion) operating shortfall at the Saudi-backed Vision Fund, including […]

Softbank eyes investment of $2-3 billion in Reliance Jio as Mukesh Ambani deleverages biz

NEW DELHI: Japan’s Softbank is reportedly looking to make a $2-3 billion investment in India’s fastest-growing telecom firm Reliance Jio as billionaire Mukesh Ambani looks to deleverage business by selling stakes. This comes on the back of reports of Saudi giant Aramco in discussions to buy a 25 per cent stake in Reliance Industries’ refining […]

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