Tag Archives: softbank

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...

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...

Lately, an American real estate company that provides shared workspaces for technology startups WeWork has been experiencing hard times. Because of the crisis, the firm abandoned its IPO plan, forfeited its CEO Adam Neumann, and found itself on the brink of bankruptcy. When WeWork gave up all hopes of survival, a Japanese multinational conglomerate SoftBank stepped in and made an attempt to save the firm with a capital infusion of about $8 billion. As we have reported, Softbank provided the...

TBCASoft, IBM and SoftBank Corp. have announced their collaboration in an effort to transform the industry of telecommunications. The companies will work on developing cross-carrier blockchain solutions, offering new services to telecom carriers and their clients, and promoting advanced business models.TBCASoft is a US-based startup company that focuses on developing technologies especially for the sector of telecommunications. Founded in 2016, the company received funding from SoftBank, and...

In what seems to be a last attempt to save shared workspace company WeWork, Softbank which is by far the superstar of Venture Capital finance firms has decided to wade into the matter once again with a compromise that might just save the company from teetering on the edge of oblivion.In an agreement that gives Softbank about 80% control of WeWork, co-founder and CEO Adam Neumann is expected to walk away with a bonus package worth about $1. 7 billion. Sources indicate that Softbank has offered...

Ritesh Agarwal, SoftBank Group Corp. founder, Oyo Hotels and Homes said his company is raising $1.5 billion from investors because the India accommodating company startup wants to evolve to foreign markets as are the U.S. and Europe.Agarwal said he will be spending more than $700 million to buy new shares in the company as part of a said before $2 billion plan in order to make his ownership stake worth more than three times. Also, other investors are SoftBank’s Vision Fund, Lightspeed Venture...

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...

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...

Payments giant Stripe announced they will be raising $250 million in funding at a pre-money valuation of $35 billion. This happened only a week after they launched some new services and now, the money they want to raise, they want to use for growing on the international level (that includes adding more new payment products and even start working with larger companies).More importantly, proud to now be working with Airbnb, Wayfair, GitHub, Twilio and The Real Real!Lots more in the works. The...

Finally, after much expectation that it would occur, it is hoped by the investment and venture capital community that the We Company owners of corporate space company WeWork would put its plans for its Initial Public Offering on hold. This comes after serious doubt existed as to the original valuation of the company which went down sharply from $47 Billion to less than $15 Billion in recent weeks.The Wall Street Journal reports that investors had already started to query the initial valuation...