Edition:
India

SoftBank Group Corp (SFTBY.PK)

SFTBY.PK on OTC Markets Group

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1:30am IST
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Latest Key Developments (Source: Significant Developments)

Fortress Investment Group Says To Extend Tender Offer Period For Unizo To March 18
Thursday, 27 Feb 2020 

Feb 27 (Reuters) - :FORTRESS INVESTMENT GROUP SAYS TO EXTEND TENDER OFFER PERIOD FOR UNIZO TO MARCH 18.  Full Article

Karius Secures $165 Mln In Series B Funding Led By Softbank Vision Fund 2
Monday, 24 Feb 2020 

Feb 24 (Reuters) - Karius::KARIUS SECURES $165 MILLION IN SERIES B FUNDING LED BY SOFTBANK VISION FUND 2.SERIES B FUNDING ROUND INCLUDED PARTICIPATION FROM GENERAL CATALYST, HBM HEALTHCARE INVESTMENTS, KHOSLA VENTURES AND LIGHTSPEED VENTURE PARTNERS.  Full Article

Shyam Gidumal Joins Wework As Chief Operating Officer
Thursday, 20 Feb 2020 

Feb 20 (Reuters) - SoftBank Group Corp <9984.T>::SHYAM GIDUMAL JOINS WEWORK AS CHIEF OPERATING OFFICER.WEWORK SAYS NEW COO SHYAM GIDUMAL WAS MOST RECENTLY A PARTNER/PRINCIPAL AT EY, WHERE HE LED RETAIL AND CONSUMER PRODUCTS MARKET SEGMENT.  Full Article

Softbank Vision Fund (Aiv M1) L.P. Reports A Passive Stake Of 11.8% In Slack Technologies Inc As Of Dec 31, 2019
Saturday, 15 Feb 2020 

Feb 14 (Reuters) - SOFTBANK VISION FUND (AIV M1) L.P.::SOFTBANK VISION FUND (AIV M1) L.P. REPORTS A PASSIVE STAKE OF 11.8% IN SLACK TECHNOLOGIES INC AS OF DEC 31, 2019 - SEC FILING.  Full Article

Softbank CEO Son Says We Welcome Open Feedback From Shareholders
Wednesday, 12 Feb 2020 

Feb 12 (Reuters) - Softbank Group <9984.T>::CEO SON SAYS WE WELCOME OPEN FEEDBACK FROM SHAREHOLDERS.CEO SON SAYS I AM SOFTBANK’S BIGGEST SHAREHOLDER SO WE ARE ALL IN THE SAME BOAT.CEO SON SAYS DUE TO WEAK INVESTMENT PERFORMANCE WE HAVE CAUSED CONCERN AMONG POTENTIAL INVESTORS IN VISION FUND 2.CEO SON SAYS SOFTBANK HAS PLENTY OF LIQUIDITY TO MAKE INVESTMENTS AND WHEN PARTNERS ARE MORE COMFORTABLE THEY CAN JOIN US.CEO SON SAYS HAD DISCUSSIONS WITH ELLIOTT AROUND 10 DAYS TO 2 WEEKS AGO.CEO SON SAYS WE ARE OPEN TO DOING SHARE BUYBACKS IN PRINCIPAL BUT WE NEED TO CONSIDER BOND ISSUANCE WHEN DOING SO.CEO SON SAYS WE NEED TO CONSIDER SHUFFLING OUR DIRECTORS AND INCREASING NUMBER OF INDEPENDENT DIRECTORS.CEO SON SAYS WE HAD BEEN CONSIDERING INDEPENDENT DIRECTORS REGARDLESS OF ELLIOTT PROPOSALS.CEO SON SAYS WE WOULD LIKE TO IMPROVE OUR TRANSPARENCY IN PRINCIPLE.CEO SON SAYS NOT SAYING WILL NEVER SELL ALIBABA SHARES BUT NEED TO CONSIDER MANY THINGS.CEO SON SAYS BELIEVES ALIBABA MOMENTUM WILL CONTINUE SO IS IN NO HURRY TO SELL ALIBABA SHARES.CEO SON SAYS IS OFTEN TOLD TO SELL ALIBABA SHARES BUT THE VALUE OF THE INVESTMENT HAS CONTINUED TO RISE.CEO SON SAYS VISION FUND IS STILL PERFORMING BETTER THAN FUNDS AROUND THE WORLD.CEO SON SAYS WEWORK, UBER WEIGHED ON VISION FUND PERFORMANCE IN Q3 BUT VALUATIONS HAVE REBOUNDED SINCE THEN.CEO SON SAYS DOESN'T KNOWN HOW MANY PORTFOLIO COMPANIES WILL IPO THIS YEAR.CEO SON SAYS INDIAN HOTEL PLATFORM OYO’S PERFORMANCE IS STEADILY IMPROVING.  Full Article

Softbank CEO Son Says Vision Fund Has Made A $3 Billion Gain On The Value Of Its Listed Investments
Wednesday, 12 Feb 2020 

Feb 12 (Reuters) - SoftBank Group Corp <9984.T>::CEO SON SAYS VISION FUND HAS MADE A $3 BILLION GAIN ON THE VALUE OF ITS LISTED INVESTMENTS.CEO SON SAYS WE ARE LOOKING AT 10 COMPANIES FOR INVESTMENTS FOR VISION FUND 2.  Full Article

Softbank Group Reports Operating Loss From Vision Fund And Other SBIA-Managed Funds For 9 Months To Dec
Wednesday, 12 Feb 2020 

Feb 12 (Reuters) - Softbank Group <9984.T>::OPERATING LOSS FROM SOFTBANK VISION FUND AND OTHER SBIA-MANAGED FUNDS WAS 797.8 BILLION YEN IN 9 MONTHS TO DEC.THAT LOSS REFLECTS UNREALIZED VALUATION LOSS OF 727.3 BILLION YEN FOR DECREASE IN FAIR VALUES OF INVESTMENTS HELD BY VISION FUND AT END OF Q3 SUCH AS UBER AND WEWORK.SOFTBANK VISION FUND HELD 88 INVESTMENTS AS OF END Q3.VISION FUND'S INVESTMENTS AT END Q3 HAD FAIR VALUE OF $79.8 BILLION EXCLUDING EXITED INVESTMENTS.RECORDED 331.87 BILLION YEN DILUTION GAIN FROM CHANGES IN EQUITY INTEREST FOR 9 MONTHS TO DEC RELATED TO ALIBABA.  Full Article

U.S. judge refuses to block Sprint, T-Mobile merger
Tuesday, 11 Feb 2020 

Feb 11 (Reuters) - u.s. Judge rejects states' bid to block sprint merger with t-mobile -- court ruling:.  Full Article

WeWork Executive Chairman Marcelo Claure Says WeWork Has Temporarily Closed 100 Buildings In China Due To Coronavirus- CNBC
Monday, 10 Feb 2020 

Feb 10 (Reuters) - :WEWORK EXECUTIVE CHAIRMAN MARCELO CLAURE SAYS WEWORK IS A SUSTAINABLE BUSINESS - CNBC INTERVIEW.WEWORK EXECUTIVE CHAIRMAN MARCELO CLAURE SAYS CO AIMS TO BE PROFITABLE IN 2021 - CNBC INTERVIEW.WEWORK EXECUTIVE CHAIRMAN MARCELO CLAURE SAYS WEWORK HAS TEMPORARILY CLOSED 100 BUILDINGS IN CHINA DUE TO CORONAVIRUS- CNBC INTERVIEW.  Full Article

Elliott Management Builds More Than $2.5 Bln Stake In Softbank - WSJ, Citing Sources
Friday, 7 Feb 2020 

Feb 6 (Reuters) - :ELLIOTT MANAGEMENT BUILDS MORE THAN $2.5 BILLION STAKE IN SOFTBANK - WSJ, CITING SOURCES.  Full Article

SoftBank-backed DoorDash confidentially files for IPO

Feb 27 SoftBank-backed food delivery startup DoorDash said on Thursday it has confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission. (Reporting by C Nivedita in Bengaluru; Editing by Shinjini Ganguli)

No consensus analysis data available.