SoftBank - updates

Rappler's latest stories on SoftBank


SoftBank Group reports $8.9 billion annual net loss

May 18, 2020 - 2:54 PM

In a press release, Softbank says its investment businesses – particularly its huge SoftBank Vision Fund – had been 'adversely affected' by the global health crisis caused by the coronavirus

SOFTBANK FALTERS. This picture taken on November 23, 2018 shows people walking in front of a shop of Japan's telecoms giant SoftBank in Tokyo. File photo by Kazuhiro Nogi/AFP

SoftBank Group confirms multibillion-dollar bailout deal for WeWork

Oct 23, 2019 - 12:10 PM

(UPDATED) SoftBank, which already held 29% of WeWork, will increase its stake to "approximately 80%", but says this did not constitute taking control of the firm

WEWORK. In this file photo taken on September 13, 2019 a WeWork office facility stands in Photo by Drew Angerer/Getty Images North America/AFP

Grab to invest $2 billion in Indonesia with SoftBank funds

Jul 29, 2019 - 7:50 PM

Grab's Indonesian investment will focus on building a next-generation electric vehicle transport network and rolling out e-healthcare services

SoftBank unveils investment fund to drive 'AI revolution'

Jul 26, 2019 - 2:53 PM

Japan's SoftBank group plans to partner with tech firms including Apple and Microsoft in a new $108-billion investment fund to accelerate the 'AI revolution'

SOFTBANK. This picture taken on November 23, 2018 shows people walking in front of a shop of Japan's telecoms giant SoftBank in Tokyo. Photo by Kazuhiro Nogi/AFP

2 Japanese carriers postpone release of Huawei phones

May 22, 2019 - 4:28 PM

KDDI and SoftBank Corp, the country's number two and number three carriers respectively, say the decision to delay the release of the Huawei handsets was taken to give them time to assess the impact of the US ban

Tech fund drives SoftBank Group profit up 36%

May 09, 2019 - 3:51 PM

Net profits for the financial year ending March at Softbank come in at 1.41 trillion yen ($12.8 billion), up 35.8%.

SOFTBANK. This picture taken on November 23, 2018 shows people walking in front of a shop of Japan's telecoms giant SoftBank in Tokyo. Photo by Kazuhiro Nogi/AFP

Japan's SoftBank Group soars on listing reports

Jan 15, 2018 - 8:09 PM

The Nikkei economic daily, which first reported the plan, says the listing could bring in two trillion yen ($18 billion), one of the largest initial public offerings ever for a Japanese company

SOFTBANK OFFERING? The logo of Softbank Corp. is displayed at a press briefing on Softbank's new service in Tokyo on January 15, 2018. Photo by Kazuhiro Nogi/AFP

SoftBank seals deal for large Uber stake

Dec 29, 2017 - 5:33 PM

The two firms did not provide details of the valuation but a source says the investment was based on Uber's worth of $48 billion, down from $71 billion earlier this year

Japan's SoftBank: 'No final agreement' on Uber

Nov 14, 2017 - 10:07 AM

The statement comes after Uber said it had entered an agreement with a consortium led by SoftBank and investment group Dragoneer on what it termed a 'potential investment'

Uber gives green light for sale of stake to Japan's SoftBank

Nov 13, 2017 - 10:50 AM

(UPDATED) 'We've entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment,' a company statement says

Uber board trims power of former chief Kalanick

Oct 04, 2017 - 10:26 AM

The board also votes unanimously to move forward with a billion-dollar investment by Japanese telco giant SoftBank

KALANICK. A picture taken on January 18, 2015 shows Travis Kalanick, co-founder of the US transportation network company Uber, speaking during the opening of the Digital Life Design (DLD) Conference in Munich, southern Germany. Photo by Tobias Hase/AFP

Grab to raise $2.5B in new financing

Jul 24, 2017 - 1:10 PM

The Singapore based firm says it will use the fresh funds to bolster its leading position in the ride hailing industry and invest in a mobile payment platform called GrabPay

STILL GROWING. Despite a stunted expansion due to an LTFRB moratorium, when it comes to profit, Grab Philippines 'expects double-digit revenue growth in 2016.' Rappler file photo

Ride-hailing firm Grab raises $750M from investors

Sep 20, 2016 - 12:51 PM

The new investments led by Japan s SoftBank Group raises the Singapore based firm s total capital to more than 1 0 billion

SoftBank to buy leading chip designer ARM for $32B

Jul 18, 2016 - 5:19 PM

Britain s new finance minister Philip Hammond praises the mega deal that comes amid warnings about a slowdown to growth in the country after its vote last month to exit the European Union

China's Tencent to buy Finnish game-maker Supercell for $8.6B

Jun 21, 2016 - 10:30 PM

Supercell is the creator of the hugely popular mobile game Clash of Clans

epa03913468 Finnish game developer Supercell's CEO Ilkka Paananen stands behind a cutout of 'The Barbarian', a character of Supercell's top-selling game 'Clash of Clans', in Helsinki, Finland, 17 October 2013. Media reports state that the majority (51 per cent) of the Finnish game developing company Supercell was bought by Japanese teleoperator SoftBank and game company GungHo for 1.1 billion Euros on 15 October 2013. Supercell is developer of the browser game 'Clash of Clans'. EPA/MAURI RATILAINEN FINLAND OUT

PLDT's digital pivot spills over to Japan

Jun 18, 2016 - 8:09 AM

The digital pivot won t stop at Tokyo It will continue in Hong Kong Singapore and Malaysia says the chief of PLDT Global

STRONGEST. PLDT's partnership with NTT will  help leverage its position against telecom giants KDDI and SoftBank. Photos by Chrisee Dela Paz/Rappler

Global tech money sets its sights on Southeast Asia, PH

Feb 01, 2016 - 1:09 AM

Big venture capital firms and investors are reaching out beyond traditional tech centers in search of more profits putting Southeast Asian entrepreneurs in a good position to scale up

Japan's Softbank pumps $250M in Uber rival GrabTaxi

Dec 04, 2014 - 12:38 PM

The deal will make Softbank the biggest investor in the Malaysia based startup