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1-10 results from 173 for query «softbank»

June 7, 2018 11:03 PM Anger as Chinese firm gets their hands on British tech giant 'on the cheap' for £580million as analysts claim it's worth closer to £5bn

A pioneering British microchip firm that was controversially sold to foreign buyers has fallen into the hands of a state-backed Chinese company. A division of Arm Holdings, which was sold to Japan's Softbank for £24 billion two years ago, is being sold to a Chinese consortium for £580 million – although some analysts say its true worth is closer to £5billion 29

February 16, 2018 6:55 PM Send money with WhatsApp: Facebook-owned messaging service is rolling out person-to-person payments for its 200 million users in India

WhatsApp is set to launch a person-to-person money transfer service for users in India, according to National Payments Corp of India. The firm revealed its plan to roll out a 'full feature' inter-bank money transfer service across India, its biggest market, after a test involving a million users. Friday's statement marks the de facto official launch 95

January 5, 2018 9:51 PM Uber founder set for £1bn payday as he prepares to sell a third of his shares in the taxi app

Uber founder Travis Kalanick is to sell his shares in the company for the first time in a deal which is set to net him £1billion. The 41-year-old is reducing his 10 per cent stake by just under a third as part of a funding agreement with Softbank. A deal announced earlier this month will see the Japanese tech giant take a 17.5pc stake in Uber, largely 97

December 21, 2017 2:42 AM Chinese ride-sharing firm Didi Chuxing raises $4 bln

BEIJING, Dec 21 (Reuters) - Chinese ride-hailing service Didi Chuxing Technology Co, China's rival to Uber Technologies Inc, has raised $4 billion in a new round of funding, two sources familiar with the deal told Reuters on Thursday. The round values the firm at close to $50 billion and pre-existing investor Softbank Group Corp is a participant, one of the people 16

October 14, 2017 6:56 PM Brexit stalemate derails appetite for deal-making with takeover rate grinding to a three-year low

Deal-making in the City is drying up as the stalemate in Brexit negotiations threatens to derail the British economy. September was the quietest month for takeovers of British firms in three years, according to data compiled for The Mail on Sunday by Thomson Reuters. Just 149 takeovers of British firms totalling £4.7 billion were announced – two-thirds 76

August 1, 2017 10:02 PM 'It wants to become a digital universe'! India's electronic payment platform Paytm 'plans' new messaging service to rival Facebook-owned WhatsApp

Indian digital payments firm Paytm is understood to have a messaging service to rival WhatsApp in the pipeline. An source close to the matter revealed on Tuesday that the market-leading company, which has more than 225 million users in India, is set to launch a messaging app integrated in its popular payments service. The firm, which is backed Japan's 21

July 28, 2017 9:59 AM Elon Musk's SpaceX is now worth $21 BILLION making it one of the world's most valuable private companies

SpaceX has become one of the the world's most valuable private companies. The rocket maker, founded by billionaire Elon Musk, has raised $350 million (£268 million) in new financing and is now valued at around $21 billion (£16 billion). It joins the elite group of venture-backed companies, that includes Uber and Airbnb, which are valued at more than $20 billion 77

July 14, 2017 9:33 PM Uber shareholders discuss stock sale to SoftBank, others -Bbg

July 14 (Reuters) - Uber Technologies Inc's shareholders and its board, led by venture capital firm Benchmark, have discussed selling some of their shares to Masayoshi Son's SoftBank Group Corp and other potential investors, Bloomberg reported, citing people familiar with the matter. The news follows a Wall Street Journal report earlier in the day that the company's 14

July 6, 2017 4:32 AM SoftBank aims to raise $3 bln-$5 bln via bond issue

HONG KONG, July 6 (Reuters) - Japan's SoftBank Group Corp is targetting raising between $3 billion and $5 billion through an offering of U.S. dollar bonds, according to a person familiar with the plans. The group has named Morgan Stanley, Bank of America Merrill Lynch and Deutsche Bank as joint global coordinators for a bond offering, it said in an announcement 26

July 2, 2017 8:50 PM Internet takeaway firm Deliveroo on brink of becoming Britain’s latest tech unicorn in deal valuing it at more than £1bn

An internet takeaway firm is on the brink of becoming Britain’s latest tech unicorn in a deal valuing it at more than £1bn, it is claimed. Deliveroo is seeking to raise around £211m as it battles rivals and seeks to expand across the country. The firm is said to be in talks with a technology fund set up by Japanese firm Softbank, which bought UK microchip 77