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SoftBank is now Uber’s largest shareholder as deal closes

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SAN FRANCISCO (Jan 18): A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber. The deal includes a large purchase of shares from existing Uber investors and employees at a discounted valuation for the company of $48 billion, a 30 percent drop from Uber’s most recent valuation of $68 billion. These secondary stock sales will be completed by the end of the day Thursday onRead More


Google, Temasek coming in as new investors in Indonesia’s Go-Jek

The reception area for state-linked Singapore investment firm Temasek Holdings is pictured in Singapore on August 25, 2009.  Temasek Holdings said on August 25 it remained interested in Western financial institutions despite suffering massive losses because of the global financial crisis.    AFP PHOTO / ROSLAN RAHMAN

JAKARTA, Jan 18 — Alphabet Inc’s Google , Singapore state investor Temasek Holdings and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailing start-up Go-Jek, sources familiar with the matter said. Go-Jek’s existing investors such as global private equity firms KKR & Co LP and Warburg Pincus LLC are also participating in the funding round, which is raising about US$1.2 billion (RM 4.75 billion) in total, the sources said. They said the funding round opened last year and is expected to close in a few weeks.Read More


Google, Temasek coming in as new investors in Indonesia’s Go-Jek

JAKARTA, Jan 18 — Alphabet Inc’s Google , Singapore state investor Temasek Holdings and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailing start-up Go-Jek, sources familiar with the matter…


New Dacsee platform seeks to disrupt ride-sharing services

PETALING JAYA, Jan 16 — A new entrant to the local ride-sharing scene is looking to shake up the segment by allowing drivers to form their own fleets and break free of their current reliance on the firms running the services. As its…


New subscription service to be launched by Grab, NTUC FairPrice

SINGAPORE, Jan 16 — Consumers will soon be able to enjoy savings and rebates as well as access to grocery and transport services, under a new subscription service jointly offered by homegrown supermarket chain NTUC FairPrice and ride-hailing…


Japan’s SoftBank Group soars on listing reports

TOKYO: Shares in Japan’s SoftBank Group soared six per cent yesterday on reports it could list its mobile unit, raising up to US$18 billion in one of the country’s biggest public offerings. In a statement, SoftBank Group insisted no decision had been made, but acknowledged the listing was an ‘option.’ “We are always studying various […]



Softbank plans $18 bln IPO of mobile phone unit this year – Nikkei

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TOKYO (Jan 15): SoftBank Group Corp plans to list its mobile-phone business and raise some $18 billion, the Nikkei newspaper said, a spin-off that would complete the Japanese telecoms conglomerate’s transformation into a global technology investor. The parent will sell some 30 percent of SoftBank Corp. It plans to apply to the Tokyo Stock Exchange for the IPO as early as spring, which falls between March and May, and aims to debut the shares in Tokyo and elsewhere, possibly London, around autumn, the newspaper said, without citing any sources forRead More


SoftBank plans IPO of mobile unit this year, Nikkei says

TOKYO, Jan 15 — SoftBank Group Corp plans to list its mobile-phone business and raise some US$18 billion (RM71.2 billion), the Nikkei newspaper said, a spin-off that would complete the Japanese telecoms conglomerate’s transformation into a…


Renault-Nissan-Mitsubishi launch US$1 bln venture capital fund

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The Renault-Nissan-Mitsubishi alliance said it is setting up a venture capital fund that plans to invest as much as US$1 billion over five years, the latest move by major carmakers as they seek to adapt to rapid industry change by investing in startups. TOKYO: The Renault-Nissan-Mitsubishi alliance said it is setting up a venture capital fund that plans to invest as much as US$1 billion over five years, the latest move by major carmakers as they seek to adapt to rapid industry change by investing in startups. It is setRead More