The Japanese tech giant will part with its near 45% stake in the enterprise software company. …read more Source:: Open Source S
Tag: softbank
SoftBank is looking to sell its T-Mobile stake
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•After SoftBank experienced a ¥1.36 trillion loss during the last fiscal year. …read more Source:: Open Source S
WeWork sues Softbank over decision to terminate tender offer
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•Claiming Softbank’s decision to withdraw is a breach of contractual obligations and fiduciary duty. …read more Source:: Open Source S
SoftBank Robotics launches a $499 monthly robotic vacuum service
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•Known for its humanoid robot Pepper, SoftBank Robotics now introduces Whiz, an automated commercial vacuum service. Pricing starts at $499 per month. …read more Source:: Open Source S
WeWork and Uber drag SoftBank Group into historic negative territory
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•Earnings before interest and taxes collapses from ¥1.42 trillion to a ¥15.6 billion loss. …read more Source:: Open Source S
GM’s Cruise raises another $1.15b from group headed by SoftBank and Honda
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•Latest round brings the total raised by Cruise over the last year to $7.25 billion. …read more Source:: Open Source S
SoftBank touts Saudi-backed Vision Fund as driving profit spike
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•The company will continue its relationship with Saudi Arabia following the murder of Jamal Khashoggi. …read more Source:: Open Source S
Former SoftBank COO Nikesh Arora named CEO of Palo Alto Networks
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•The cybersecurity firm stressed Arora’s experience in scaling technology businesses and running large organizations. …read more Source:: Open Source S
SoftBank Vision Fund invests $2.25b in GM Cruise
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•GM said the investment, which values Cruise at $11.5 billion, will drive large-scale autonomous vehicle deployment. …read more Source:: Open Source S
Softbank buys large stake in Uber
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•Uber investors and employees will tender shares equal to 20 percent of the company, at a discount. …read more Source:: Open Source S