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SoftBank-Group-Corp

Business 5 years ago

Telco SoftBank first-quarter profit rises 4%, buoyed by enterprise and internet businesses

Japanese wireless carrier SoftBank Corp on Tuesday reported a 4 percent rise in first-quarter operating profit, beating analyst estimates, supported by its enterprise and internet businesses.

Business 5 years ago

WeWork says back on track to profits: Financial Times

The SoftBank-backed company was once hailed as a dazzling unicorn valued at US$47 billion, before hemorrhaging cash and cancelling its share offering in 2019, with founder Adam Neumann pushed out.

Business 5 years ago

SoftBank-backed Lemonade raises $319 million in IPO

Insurance startup Lemonade Inc, which is backed by SoftBank Group Corp said it raised US$319 million in its US initial public offering.

Business 5 years ago

SoftBank kicks off $21 billion sale of T-Mobile shares

SoftBank Group Corp seeks funding for a $41 billion share buyback and debt reduction plan.

Business 5 years ago

Grab lays off 360 employees, cites pandemic

In a note to Grab employees published on the company’s website, Grab CEO and cofounder Anthony Tan said the company had felt “the stark impact of COVID-19” since February and that it was expecting the pandemic to lead to a prolonged recession.

Business 5 years ago

SoftBank proposes three new board members as Alibaba's Jack Ma resigns

SoftBank will propose three new appointments to the board, including group Chief Financial Officer Yoshimoto Goto, at its annual general meeting on June 25. The number of board members will expand to 13.

Business 5 years ago