Softbank

Company in the news

PatSnap gets backing from Softbank, Tencent in US$300 mil funding round

Singapore’s PatSnap reached a valuation topping US$1 billion ($1.35 billion) with a fresh funding round, with SoftBank Vision Fund II and Tencent Investment among those backing the provider of pate

Company in the news

WeWork co-founder Neumann nears settlement with SoftBank

WeWork Co-Founder Adam Neumann is in advanced talks to settle his lawsuit against the co-working company’s biggest backer SoftBank Group Corp., according to people familiar with the matter.

Tech

SoftBank’s Son presses Grab for truce with rival Gojek

SoftBank Group Corp.’s Masayoshi Son is stepping up pressure on Grab Holdings Inc.

Tech

Almost everyone at SoftBank thinks going private is a bad idea

Inside SoftBank Group Corp., the idea of going private through a buyout has been discussed off and on for at least five years.

Tech

Singapore fund manager says Line tender offer price is too low

A Singapore-based money manager came out against SoftBank Group Corp.

Company in the news

SoftBank, Naver to take Line private through squeeze out

SoftBank Corp. and Naver Corp. said they would seek to compel Line Corp.’s remaining public shareholders to sell out so the two companies can take the messaging service private.

Markets

Stocks stabilise following tech retreat as greenback strengthens

Global stocks mostly stabilized Monday though investors remained on edge after the biggest two-day slide for shares since June. The dollar edged higher and crude oil extended its recent slide.

Startups, Entrepreneurs, Digital economy

Pay rise for Softbank Vision Fund CEO despite staggering losses

(May 29): SoftBank Vision Fund’s head, Rajeev Misra, saw his total pay for the past business year more than double to roughly US$15 million ($21.2 million), even as the fund’s underperformance push

Transport

Softbank-backed Grab asks 6,000 employees to take no-pay leave or reduced working hours to avoid job cuts

(Apr 30): Ride-hailing and food delivery provider Grab Holdings Inc.

Global Economy

Briefs

Quoteworthy: "Let us cross this important hurdle during this ‘circuit breaker’, and then we can deal with this issue in a dedicated way.

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