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Softbank investment News

Softbank layoff

29 Sep 2022

Japanese conglomerate SoftBank to lay off 30% staff globally: Report

SoftBank is planning to cut around 150 staff globally at its Vision Fund Unit and SoftBank Group International. Layoff move comes after SoftBank’s subsidiary the Vision Fund suffered a record $50 billion loss. SoftBank has invested heavily in Indian tech startups in recent years.

SoftBank Group Corp

28 Nov 2017

SoftBank offers to buy Uber shares at 30% discount

The SoftBank-led investor group will acquire two of the new board seats, with the remaining four going to independent directors.

Softbank vision fund

14 Sep 2017

SoftBank's Vision Fund considers $500 million investment in ZhongAn IPO

The fund is likely to be a so-called cornerstone investor in ZhongAn`s up to $1.5 billion IPO.

10 Aug 2017

SoftBank bolsters Flipkart's firepower to challenge Amazon in India

The deal comes just 10 days after SoftBank`s attempts to forge a deal between Flipkart and smaller rival Snapdeal - and thwart Amazon`s ambitions in India - fell apart following months of negotiations.

10 Aug 2017

SoftBank Vision Fund invest at least $2.5 billion in Flipkart, becomes largest shareholder in the firm

The investment is part of the previously announced financing round, where Flipkart had raised capital from China`s internet company Tencent, eBay and global technology giant Microsoft.

23 Jun 2016

Meet the man who bid goodbye to a job that earned him Rs 500 crore annually

Arora, 48, who joined SoftBank in September 2014 with an annual salary of $73 million (around Rs 500 crore).

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