Tag: softbank

SoftBank Holds First Close For Biggest Fund Ever

SoftBank Holds First Close For Biggest Fund Ever

SoftBank has held the first close of its massive Vision Fund on $93 billion (yes, billion) in committed capital, seven months after the Japanese telecom giant announced the vehicle’s formation. The fund has raised eyebrows due to its sheer size—its […]

SoftBank’s Vision Fund Eyes $95 Billion Close

SoftBank’s Vision Fund Eyes $95 Billion Close

Japanese telecom giant SoftBank (TKO: 9984) has set an official target of ¥10 trillion (about $88 billion) for its upcoming Vision Fund, according to the company’s fiscal 2016 earnings report released May 10. That’s a good chunk less than the $100 billion […]

Didi Could Be Raising The Largest VC Round In History

Didi Could Be Raising The Largest VC Round In History

Beijing-based ridesharing giant Didi Chuxing is considering raising a $6 billion round from Japanese tech conglomerate SoftBank, according to Bloomberg. If completed, the deal would be the single largest equity venture investment in history, per the PitchBook Platform. Existing backers […]

SoftBank To Buy Fortress For $3.3 Billion

SoftBank To Buy Fortress For $3.3 Billion

SoftBank has reached a head-turning agreement to acquire Fortress Investment Group (NYSE: FIG) for roughly $3.3 billion in cash. The purchase price of $8.08 per share represents a premium of 38.6% to Fortress’s closing price Monday. Fortress, which will operate […]

Donald Trump by Gage Skidmore on 2011-02-10 12:47:12

Have Trump Tweets Replaced Fed Speak?

Another day, another Tweet from President-elect Trump has moved the market. Lockheed Martin shares have taken a tumble following Trump highlighting the obvious on Twitter — the F-35 is an expensive boondoggle. This follows shares of Boeing dropping last week […]

Donald Trump by Gage Skidmore on 2011-02-10 12:47:12

Trump Effect? Foxconn In Talks To Expand US Operations

Apple’s manufacturing partner Foxconn may invest billions of dollars in the United States. The Taiwan-based contract manufacturer said Wednesday that it was in preliminary discussions to expand its US operations. Foxconn’s confirmation came just hours after the US President-elect Donald […]

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With No Bidders Left, SoftBank Could Buy Twitter Inc Now

Twitter is becoming a controversial tech company with Salesforce.com being the last to decline to acquire the micro-blogging giant. This could, however, open the door for Japanese telecom giant SoftBank, which has stated interest in the past and has enough money and […]