USA > Japan based SoftBank buys Boston Dynamics from Google

Boston Dynamics logo Boston Dynamics, a Google owned robotic company, has finally been sold to SoftBank for an undisclosed price after being on sale for over a year. Boston Dynamics is famous for making robots such as human like Atlas; animal based BigDog, Spot and Wildcat, a jumping Sand Flea and Handle. The deal also included less known robotics company called Schaft that More …

INDIA > Softbank invests $225 million in India based OYO Rooms

OYO logo Operated by Oravel Stays Pvt. Ltd., OYO Rooms is a branded budget hotel marketplace which has raised $250 million led by existing investor Softbank which is expected to invest $225 million. Other investors include Lightspeed Venture Partners India Pvt. Ltd, Sequoia Capital India Advisor Pvt. Ltd and Greenoaks Capital Partners LLC are expected to invest $25 million. Valued at $850 More …

INDIA > Softbank Vision Fund invests $2.5 billion in Flipkart Group

Flipkart logo To compete with its e- commerce competitor Amazon Inc, SoftBank Vision Fund will invest $2.5 billion in Flipkart, boosting its cash holdings to more than $4 billion.  $1.5 billion will go directly to Flipkart and $1 billion will go to Tiger Global Management’s stake. SoftBank Group Corporation Chairman Masayoshi Son will be the biggest shareholder of Flipkart after this deal. More …

Switzerland > Japan’s Softbank set to invest $1.1 billion in Roivant Sciences

Roivant_Logo-Invisible22 Switzerland based, Roivant Sciences has raised $1.1 billion in equity FDI from Softbank Vision Fund. Founded by Vivek Ramaswamy, biology major at Harvard who later went to Yale to get his law degree, noticed pharmaceutical firms abandoning promising drugs for other reasons than their efficacy when he worked as a hedge fund analyst. Sensing an opportunity, Vivek Ramaswamy started Roivant More …

Singapore > New York based WeWork Acquires Spacemob as part of $500 million east Asian expansion investment

weworklogo Due to the growing demand for shared office space in Asia, WeWork is going to invest $500 million to provide workspace for users as varied as freelancers, entrepreneurs and corporations. Concentrating in Singapore, South Korea and Southeast Asia, WeWork is set to buy Singaporean peer Spacemob for an undisclosed amount, retaining the Spacemob’s management team. Turochas “T” Fuad, founder of More …

USA > Japan’s SoftBank Group to acquire Fortress Investment for $3.3Bn

Softbank_mobile_logo.svg Japan based SoftBank Group to acquire Fortress Investment Group for $3.3 billion. The all-cash deal will help Fortress shareholders receive $8.08 per share when the transaction is closed. Financial advisers for SoftBank was JP Morgan Securities whereas Morgan Stanley & Co advised Fortress Investment Group.   About Fortress InvestmentFortress Investment Group is an investment management firm based in New York City. As of June 30, 2016, More …

USA > SoftBank to Invest $1.2 billion in OneWeb’s Stake

softbank-logo Japan based SoftBank will invest $1.2 billion into OneWeb giving SoftBank Group around 40% stake in the internet startup. In series A funding, OneWeb had raised $500 million from Airbus, Qualcomm, Virgin, Boeing, Bharti, Hughes, Intelsat, MDA and Coca Cola. SoftBank and OneWeb said the new capital will support the construction of a manufacturing facility in Exploration Park, Florida. Also the investment is expected More …