Tag: softbank

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Alphabet Selling Boston Dynamics And Schaft To Softbank

Google’s parent company Alphabet will sell its robotics subsidiaries Boston Dynamics and Schaft to Japanese telecom company SoftBank. Alphabet has reportedly been looking for a buyer for Boston Dynamics, an MIT spin-off, for about a year. Earlier, the company reportedly tried […]

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 […]