Softbank
SoftBank and its Saudi-backed Vision Fund are WeWork’s biggest backers and have already funneled more than $10 billon into the U.S. company.
SoftBank Group Corp plans to use proceeds from its first Vision Fund to bankroll the $38 billion it has committed to the second, a source said.
That makes the share sale one of the largest of all time globally, just shy of the record $25 billion that Chinese e-commerce firm Alibaba Group Holding Ltd (BABA.N) raised in 2014.
SoftBank will set a final offering price on Dec. 10 with shares set to begin trading on Dec. 19.
SoftBank’s stakes in Uber, China’s Didi, Brazil’s 99, India’s Ola and Singapore’s Grab could be transferred into the fund within months, Financial Times reported.
SoftBank Group Corp’s (9984.T) Vision Fund will invest in creating the world’s biggest solar power project in Saudi Arabia.
Japan’s SoftBank Group is in talks with banks to raise as much as $5 billion in new debt by using its UK unit ARM Holdings as collateral.
Japan’s SoftBank Group Corp (9984.T) plans to invest as much as $25 billion in Saudi Arabia over the next three to four years, Bloomberg reported on Wednesday.
Japan’s SoftBank Group Corp (9984.T) said on Tuesday it was considering investing in Uber Technologies Inc.
SoftBank Group Corp and Deutsche Telekom AG have reached an impasse in their talks.
SoftBank Group Corp will work with Saudi Arabia on the development of "Neom", a new business and industrial city announced on Tuesday.
SoftBank Vision Fund, the world’s largest private equity fund, is considering a $500 million investment in the Hong Kong initial public offering of ZhongAn Online.
Saudi Arabia’s main sovereign wealth investment fund and Japan’s Softbank Group plan to jointly study how robots can be used more effectively in government.
Toyota Motor Corp’s trading arm became the latest participant in ride-hailing firm Grab’s current financing round that is expected to raise $2.5 billion.
SoftBank said Monday its quarterly net profit plunged after booking a big gain from the sale of part of its stake in Chinese e-commerce firm Alibaba a year ago.
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