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Bharti Said to Be Targeting Collapsed Satellite Operator OneWeb | Technology News

gadgets.ndtv.com
Submitted 10 day(s) ago by system

Bharti Enterprises is backing a bid for collapsed SoftBank-backed satellite operator OneWeb, two sources said, in a consortium that is supported by the British government.

Amazon, SoftBank Held Talks to Acquire Russian E-Retailer Ozon, Shareholder Says | Technology News

gadgets.ndtv.com
Submitted 13 day(s) ago by system

Global retail giant Amazon and Japanese SoftBank have made approaches to Russian conglomerate Sistema about a possible acquisition of its online retailer Ozon, Sistema's majority owner Vladimir Evtushenkov said on Saturday.

SoftBank's Son Leaves Alibaba Board Following Ma's Departure | Technology News

gadgets.ndtv.com
Submitted 16 day(s) ago by system

Masayoshi Son, the chief executive of Japanese technology company SoftBank Group, said Thursday that he is stepping down from the board of Chinese e-commerce giant Alibaba.

Here's how Wirecard went from analyst darling to a $2.2 billion accounting scandal - and cost SoftBank hundreds of millions in the process | Markets Insider

markets.businessinsider.com
Submitted 18 day(s) ago by system

Wirecard, one of Europe's leading financial technology companies, is at the heart of one of the region's biggest corporate accounting scandals i...

SoftBank-Backed Ride-Hailing Firm Grab Announces Layoffs | Technology News

gadgets.ndtv.com
Submitted 22 day(s) ago by system

Southeast Asian ride-hailing and payments firm Grab announced hundreds of job losses on Tuesday due to the impact of novel coronavirus.

SoftBank-Backed Ride-Hailing Firm Grab Announces Layoffs | Technology News

gadgets.ndtv.com
Submitted 26 day(s) ago by system

Southeast Asian ride-hailing and payments firm Grab announced hundreds of job losses on Tuesday due to the impact of novel coronavirus.

SoftBank-Owned ARM's China JV Rejects Allegations Against CEO | Technology News

gadgets.ndtv.com
Submitted 30 day(s) ago by system

The Chinese joint venture of SoftBank Group Corp-owned ARM rejected on Thursday allegations of misconduct made by its investors against its CEO and said it would take legal action, escalating an internal spat.

SoftBank's ARM Says China Joint Venture Replaces CEO | Technology News

gadgets.ndtv.com
Submitted 32 day(s) ago by system

ARM China's board of directors has appointed Ken Phua and Phil Tang as Arm China's interim co-CEOs to replace Wu, who headed the joint venture as chairman and CEO.

SoftBank Proposes Three New Board Members as Alibaba's Jack Ma Resigns | Technology News

gadgets.ndtv.com
Submitted 53 day(s) ago by system

SoftBank Group said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.

SoftBank Racks Up Losses as Vision Fund Investments Plunge | Technology News

gadgets.ndtv.com
Submitted 53 day(s) ago by system

SoftBank Group racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork.

SoftBank's Masayoshi Son Hopes 'Winged Unicorns' Can Save Crumbling Tech Empire | Technology News

gadgets.ndtv.com
Submitted 53 day(s) ago by system

SoftBank Group Corp CEO Masayoshi Son on Monday pinned his hopes on a small group of "winged unicorns" to save the performance of his $100 billion Vision Fund - although he gave few clues on which ones they would be.

WeWork India Lays Off 20 Percent of Workforce as Coronavirus Lockdowns Weigh | Technology News

gadgets.ndtv.com
Submitted 53 day(s) ago by system

A number of Indian startups, including restaurant aggregator Zomato and food delivery service Swiggy, have cut down their employees, as they reshape their business in response to the COVID-19 pandemic, which has forced 1.3 billion Indians indoors and crippled business.

Oyo Said to Offload More Loss-Making Hotels Amid Pandemic | Technology News

gadgets.ndtv.com
Submitted 73 day(s) ago by system

India's Oyo Hotels and Homes, backed by SoftBank Group, plans to offload more properties around the world, three sources familiar with the matter said, as the coronavirus pandemic prompts it to speed up a retreat from a rapid global expansion.

Oyo Said to Cut Pay of All Employees in India | Technology News

gadgets.ndtv.com
Submitted 77 day(s) ago by system

Softbank Group-backed Oyo Hotels and Homes has cut the salaries of all employees by 25 percent for four months starting April and also sent some of its people on leave with limited benefits, according to an internal memo seen by Reuters.

WeWork founder Adam Neumann loses out as SoftBank scraps share buyout - CNN

edition.cnn.com
Submitted 101 day(s) ago by system

SoftBank is walking away from a sizeable chunk of its WeWork rescue package, which included a near billion dollar windfall for ousted founder Adam Neumann.

SoftBank-Backed OneWeb Files for Chapter 11 Bankruptcy Plan, Cuts Jobs | Technology News

gadgets.ndtv.com
Submitted 104 day(s) ago by system

OneWeb, the satellite operator backed by Japan's SoftBank Group, said it has filed for Chapter 11 bankruptcy to pursue a sale of its business and and has cut its workforce amid the coronavirus outbreak.

SoftBank's Son Offers to Donate Face Masks After Coronavirus Test Kit Offer Slammed | Technology News

gadgets.ndtv.com
Submitted 119 day(s) ago by system

SoftBank founder Masayoshi Son on Thursday tweeted an offer to donate a million free face masks to help fight the coronavirus outbreak a day after twitter users criticised his proposal to give away test kits as an unnecessary burden on clinics and hospitals.

SoftBank Founder Masayoshi Son Ends Twitter Absence Over Coronavirus Worries | Technology News

gadgets.ndtv.com
Submitted 123 day(s) ago by system

SoftBank founder Masayoshi Son may not be the most prolific Twitter user, but he has ended a three-year absence on the platform to express concern about the coronavirus outbreak, telling followers that he would "take action."

Oyo Said to Cut About 5,000 Jobs in Overhaul to Boost Profitability | Technology News

gadgets.ndtv.com
Submitted 125 day(s) ago by system

Oyo Hotels is cutting its global workforce by about 5,000 to 25,000 people, with the deepest reductions in China after business there crumbled in the wake of the coronavirus outbreak.

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