Softbank

SoftBank’s Vision Fund has already spent over $35 billion on investments

SoftBank made waves when its gigantic Vision Fund hit a massive $93 billion first close of a targeted $100 billion total last year, but already it is clear why the firm is reportedly planning a sequel

SoftBank buys into Line’s mobile service in Japan

SoftBank is partnering up with messaging app Line to help develop its Line Mobile telecom service. Line announced that it has agreed to allow SoftBank to take a 51 percent in the business via an issua

Benchmark’s lawsuit against former Uber CEO Kalanick dismissed

It's over. Benchmark's lawsuit against former Uber CEO Travis Kalanick has now been dropped, ending one of the biggest VC-founder disputes in history. It was dismissed as a condition of the SoftBank i

Construction startup Katerra gets $865M in Softbank’s latest mega-round

There’s another big financing round led by Softbank’s mammoth vision fund today, with the firm this time pouring $865 million into a construction startup called Katerra that’s a one-

Crunch Report | Amazon reveals 20 finalists for second HQ

The 20 finalist cities for Amazon's second HQ are announced, HuffPost drops its free contributor platform and Uber's SoftBank deal officially closes. All this on Crunch Report.

Uber’s big SoftBank deal has officially closed

SoftBank’s $1.2 billion primary direct investment deal has officially closed, according to Uber itself, which confirmed the deal closure and provided the following statement to TechCrunch via a

Crunch Report | GoPro Cuts 200-300 Jobs

App revenue reached $60 billion in 2017, Travis Kalanick is selling 29 percent of his Uber shares and GoPro cuts 200-300 jobs. All this on Crunch Report.

Equity podcast: Spotify’s impending debut, Uber’s done deal, and Nasdaq 7,000

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Travis Kalanick reportedly plans to sell about 29% of his Uber shares

Uber founder and former CEO Travis Kalanick plans to sell nearly a third of his shares in the company, reports Bloomberg. The transaction would be part of the tender offer in which SoftBank Group agre

Crunch Report | South Korea Announces New Cryptocurrency Regulations

South Korea announces new cryptocurrency regulations coinciding with the drop in bitcoin prices, YouTube gets pulled from Fire TV and SoftBank will now own about 15 percent of Uber. All this on Crunch

SoftBank’s big investment in Uber comes to a close

SoftBank’s long-anticipated investment in Uber is almost done. Following the close of the tender offer on Thursday, a SoftBank-led group was able to secure interest for its desired 14% stake in

Theranos gets $100 million in debt financing to carry it through 2018, with some caveats

Theranos has secured $100 million in debt financing. Yes, someone gave the blood testing company known for handing out questionable test results money. First reported by Business Insider, the company

Looking back at SoftBank’s big year

While VCs vie to fund massively scalable businesses, they tend to view their own industry as size-constrained. Common wisdom is that with a limited supply of successful startups, greatly inflating the

Crunch Report | U.S. Government Blames North Korea for WannaCry

shift, co CEO, used cars, marketplace, government, north korea, wannacry, ransomeware, softbank, lemonade, 120 million, Tech, news, recap, daily, review, hands on, Silicon Valley, Tito, hamze, technol

Dog-walking app Wag may be raising a huge round of funding

It looks like Wag may get another huge injection of cash following a big financing round earlier this year, according to a report by Recode, and also based on what we are hearing. We had heard a bit

Compass gets $450M from SoftBank; real estate portal now valued at $2.2B

Less than a month after raising $100 million led by Fidelity, real-estate startup Compass is striking while the iron is hot. The company has now picked up an even bigger investment of $450 million, th

SoftBank says that Benchmark and Menlo intend to sell Uber shares

SoftBank Group has confirmed that it has found likely sellers for the tender offer for Uber’s shares, which launched tonight. These are the shares from existing shareholders that will be sold at

Sequoia, Tencent, TPG look to invest in Uber alongside SoftBank

It's not just SoftBank and Dragoneer that are looking to buy Uber shares from the employees and other shareholders when the tender offer launches, likely later today. Sources tell us that Sequoia Cap

SoftBank makes offer for Uber shares at 30% discount

A SoftBank Group-led team of investors has made an offer to buy Uber’s shares in a tender offer that would value the company at about a 30% discount to Uber’s last private valuation of nea

Crunch Report | Apple could give us a bigger iPhone X, Lyft goes to Canada

Today’s Stories  Apple could give us a bigger iPhone X next year Lyft heads to Toronto, Canada in December, the first city outside the United States SoftBank might not do the deal with Uber after a
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