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Coupang LLC, South Korea’s largest e-commerce company, raised $4.2 billion in the biggest share offering in the United States this year after selling stocks in the IPO above its deal target range, people familiar with the matter said. The initial public…
South Korean e-commerce giant Coupang, backed by Japan’s SoftBank Group Corp, on Friday filed to go public on the New York Stock Exchange, hoping to cash in on strong demand for high-growth tech stocks as it reported a near-doubling of annual revenue and…
Back in July 2013, the battle between SoftBank and Dish Network over Sprint was won by SoftBank as the latter paid $21.6 billion for 78% of the company. Over time, SoftBank hiked its stake to 80% of Sprint and when T-Mobile closed on its purchase of Sprint on…
SoftBank Group Corp is close to finalizing a deal to lead a $300 million investment in the autonomous driving unit of Didi Chuxing, news website The Information reported on Monday, citing people with knowledge of the situation. Earlier on Monday, SoftBank…
Indian omni-channel eyewear retailer Lenskart has raised an investment of US$275 million from SoftBank Vision Fund. Several of the firm’s existing investors sold their stake in the business during the latest Series-G financing round. The new funding has…
The alliance between the two Japanese companies is estimated to be worth $30 billion and is expected to be concluded by October next year. The merger’s combined revenue could see it totaling $11 billion, easily surpassing its domestic competitor Rakuten. Tech…
SoftBank Group is in talks to get as much as 300 billion yen ($2.76 billion) in financing from three banks. Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group are currently in discussions with the investment company…
SoftBank Group is in talks to get as much as 300 billion yen ($2.76 billion) in financing from three banks. Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group are currently in discussions with the investment company…
The alliance between the two Japanese companies is estimated to be worth $30 billion and is expected to be concluded by October next year. The merger’s combined revenue could see it totalling $11 billion, easily surpassing its domestic competitor Rakuten.…
As an existing supplier of multiple technologies to SoftBank, Nokia’s selection for 5G Radio re-enforces the strong relationship between the two companies, as SoftBank turn to Nokia’s end to end portfolio for 5G. Nokia’s 5G AirScale supports multiple…
Goldman Sachs Group aims to offload a portion of its stake in a $3.1 billion credit line to SoftBank Group Corp’s Vision Fund which it helped arrange. The U.S. lender has approached other financial institutions to take on some of its lending commitment to…
SoftBank has reportedly agreed to double its stake in Brazilian online lender Banco Inter in the midst of the Japanese giant’s ongoing buying spree in Latin America. The deal will include acquiring stakes from controlling family members of the bank, unnamed…
SoftBank’s brokerage unit plans to do something that has never be done in Japan’s capital markets – allowing individuals to participate in initial public offerings by setting the amount they wish to pay, rather than by the number of shares. The investment…
Softbank Group’s Vision Fund has made its first foray into energy storage technology with a $110 million investment in Switzerland-based Energy Vault. While many countries are keen to use renewable energy as part of efforts to cut carbon emissions in the…
Five Japanese automakers including Suzuki Motor Corp and Mazda Motor Corp said they would each invest 2 percent in the on-demand, self-driving car service venture set up by SoftBank Corp and Toyota Motor Corp. Suzuki, Mazda, Subaru Corp, Isuzu Motors Ltd and…
Japan’s SoftBank has signed 5G deployment contracts with both Ericsson and Nokia as it prepares to launch services over its newly-granted 5G spectrum. Ericsson has announced it has been selected as a primary vendor for the deployment of a multi-band 5G…
