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SoftBank could make, gasp, a profit on its expected sale of Arm for $40B

SoftBank could make, gasp, a profit on its expected sale of Arm for B While the big deal we have been tracking the past few weeks has been TikTok, there was another massive deal under negotiation that mirrors some of the international tech dynamics that have plagued the consumer social app’s sale. Arm Holdings, which […]

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India’s online learning platform Unacademy raises $150 million at $1.45 billion valuation

India’s online learning platform Unacademy raises 0 million at .45 billion valuation India has a new unicorn startup. On Wednesday, Bangalore-based online learning startup announced it has raised $150 million in a new financing round that valued the Facebook-backed firm at $1.45 billion (post-money). SoftBank Group — through its Vision Fund 2 — led Unacademy’s […]

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Boston Dynamics CEO Rob Playter is coming to Disrupt 2020 to talk robotics and automation

Boston Dynamics CEO Rob Playter is coming to Disrupt 2020 to talk robotics and automation Back in January, Robert Playter became the CEO of Boston Dynamics. It was a momentous occasion, marking the company’s first new CEO since its founding in the early 1990s when the company was founded by Marc Raibert. The move came […]

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WeWork’s chairman says it expects to have positive cash flow in 2021

WeWork’s chairman says it expects to have positive cash flow in 2021 After aggressive cost-cutting measures, including mass layoffs and selling several of its businesses, WeWork’s chairman expects the company to have positive cash flow in 2021. Marcelo Claure, who became WeWork’s chairman after co-founder Adam Neumann resigned as chief executive officer last fall, told […]

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Masayoshi Son resigns from board of Alibaba; defends SoftBank Group’s investment strategy

Masayoshi Son resigns from board of Alibaba; defends SoftBank Group’s investment strategy SoftBank Group founder Masayoshi Son said on Thursday he is leaving the board of Jack Ma’s Chinese e-commerce giant Alibaba Group today, a month after Ma left the board of Son’s technology group. Son said he sees the move as “graduating” from Alibaba […]

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SoftBank confirms it may sell some of its T-Mobile stake

SoftBank confirms it may sell some of its T-Mobile stake SoftBank Group confirmed today it is considering selling its T-Mobile U.S. shares. Bloomberg reported last month that SoftBank was nearing an agreement to sell about $20 billion of its T-Mobile U.S. shares to investors including Deutsche Telekom, T-Mobile’s controlling shareholder, in an effort to offset […]

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SoftBank reportedly plans to sell about $20 billion of its T-Mobile shares

SoftBank reportedly plans to sell about billion of its T-Mobile shares SoftBank Group Corp. is currently seeking buyers for about $20 billion of its shares in T-Mobile US, according to reports in the Wall Street Journal and Bloomberg. If the proposed sale goes through, its proceeds could help offset SoftBank’s heavy investment losses over the […]

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Jack Ma to resign from SoftBank Group’s board of directors

Jack Ma to resign from SoftBank Group’s board of directors SoftBank Group said today that Jack Ma, co-founder of Alibaba Group, will step down from its board after serving as a director for 13 years. Ma’s resignation will be effective on June 25, the date of SoftBank Group’s annual shareholder meeting. The company did not […]

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Latin America Roundup: Big rounds, big mergers and a $3.8M pandemic fund from Nubank

Latin America Roundup: Big rounds, big mergers and a .8M pandemic fund from Nubank Sophia Wood Contributor Share on Twitter Sophia Wood is a Venture Partner at Magma Partners . Sophia is also the co-founder of LatAm List, an English-language Latin American tech news source. More posts by this contributor Latin America Roundup: Grupo ZAP, […]

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WeWork co-founder Adam Neumann accuses SoftBank of abusing its power in new lawsuit

WeWork co-founder Adam Neumann accuses SoftBank of abusing its power in new lawsuit WeWork co-founder Adam Neumann accused SoftBank Group of abusing its power in a new lawsuit filed Monday that alleges breach of contract and breach of fiduciary duty for pulling a $3 billion tender offer for WeWork shares. The lawsuit, filed in Delaware […]

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