Friday , March 1 2024
Home / Tag Archives: softbank group

Tag Archives: softbank group

T-Mobile and Sprint Amend Merger Deal to Give Deutsche Telekom Bigger Stake

As the merger between T-Mobile and Sprint is finalized, both companies have made a few amendments and hope to finalize all details by April. Deutsche Telekom will get a good stake.According to a recent announcement, both Sprint and T-Mobile have agreed to change the details for their new merger should be finalized shortly. The new amendment will allow Germany’s Deutsche Telekom to hold much more control in the newly-formed company.Sprint and T-Mobile Agree to ChangesAccording to the new...

Read More »

SoftBank and Naver to Create a Joint Tech Giant in a Bid to Sidestep Competitors

Japanese multinational conglomerate holding company SoftBank has announced its decision to unite its search engine Yahoo Japan with a popular chatting app Line owned by Naver Corp. Within the agreement, Yahoo Japan and Line will merge and create a joint business to develop new opportunities for protecting themselves against competitors.According to the announcement, SoftBank and Naver will each hold 50% of a new holding company that will operate both Line and Z Holdings (Yahoo Japan’s...

Read More »

SoftBank-backed DoorDash Raises Another $100 Million in Funding

It seems that the San Francisco-based on-demand prepared food delivery service DoorDash Inc.’s $2 billion “war chest” is getting bigger and bigger every day. Started back in 2013, this food delivery startup is obviously getting an injection of $100 million, according to the sources familiar with the situation.The startup has a pretty strong back-up including the likes of SoftBank Group Corp. and Sequoia Capital and this funding comes on top of a $600 million investment round that announced...

Read More »

SoftBank Is Currently Considering Giving WeWork Another $1 Billion

SoftBank Group Corp., a Japanese multinational conglomerate holding company and the largest investor in WeWork, is currently deliberating on investing an additional $1 billion into the space sharing startup. This deliberation involves the revisiting certain terms in the warrant agreement between the two firms.Before now, SoftBank had concluded terms with WeWork for an investment of $1.5 billion before the company’s issues seemed to intensify, forcing it to discontinue its earlier agreed-upon...

Read More »

WeWork’s Largest Investor is Plotting to Remove Adam Neumann as CEO

WeWork is less than a decade old but is already enmeshed in more than its own fair share of troubles. The company which was founded back in 2010 has already had a large number of its most senior officials exiting. WeWork executives are very unhappy because of all the uncertainty about the company’s corporate governance methods, as well as all the obscurity about the company’s initial public offering (IPO) until it has been recently canceled.Furthermore, there is a lot of distrust and...

Read More »