WeWork woes may hit SoftBank CEO’s empire
Masayoshi Son has pledged 38% of his stake in the Japanese firm as collateral for personal loans from 19 banks, including Credit Suisse Group AG and Julius Baer Group Ltd.
India tells tech firms to protect user privacy, prevent abuse
Ravi Shankar Prasad said he wanted Indians to have access to more technology pl...
Tokyo shares end at 4-1/2-month high, energy sector up
The benchmark Nikkei average rose 0.1 per cent to 22,001.32.
This isn’t Facebook: WeWork gets a lesson in going public
It is unclear just what WeWork might fetch on the open market. Only months ago, some bankers whispered it might be worth as much as $65 billion.
Gone in 146 seconds: Japan investors race to buy SoftBank bonds
Tokyo-based Monex started selling the bonds at 9 am on Monday and ran out at 9:02:26.
SoftBank needs a different IPO after WeWork slip
SoftBank, like most pre-IPO investors, is generally locked in and can’t cash out that profit for at least a year.
WeWork may cut IPO valuation to $10 billion
Investors have expressed concerns about the We Company's business model.
SoftBank urges WeWork to shelve IPO over valuation concerns
A SoftBank spokeswoman declined to comment on the report.
Automation Anywhere to hire more this year
The San Jose-headquartered company, which is into robotic process automation — or bots — was valued at $2.8 billion in November last year after SoftBank pumped in $300 million.
Yahoo Japan bids for control of fashion e-tailer Zozo for $3.7 billion
As part of the offer, Zozo founder Yusaku Maezawa has agreed to sell a stake of around 30%, leaving him with about 6%.
Japan shares climb on upbeat US data, weaker yen; SoftBank Group slips
The benchmark Nikkei average gained 0.54% to 21,199.57.
Oyo denies charges against founder, staff
Natarajan VRS accused Ritesh Agarwal and his colleagues of misappropriation of 80% of the revenue share due to his hotel from June 2017 until August 2019.
Mobikwik appoints Goldman for fund-raise
Mobikwik's co-founder Upasana Taku confirmed the development saying it is looking for a "long-term" strategic investor for its next round of financing.
Stocks, commodity markets shut for Ganesh Chaturthi
Elsewhere, stocks slipped in Asia slipped in Monday morning trade.
Hyundai, Kia to invest in Ola Electric Mobility
The deal also comes after Ola Electric Mobility saw its valuation jump to $960 million in July from $250 million in February when it raised capital from Softbank Vision Fund.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service