Softbank Group Corp
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Uber nears investment deal for self-driving car unit: WSJ
•Uber Technologies Inc's self-driving car unit could be valued at $7.25 billion.
SoftBank, Toyota to invest nearly $1 billion in Uber's self-driving car unit
•Uber, which last year lost about $3.3 billion, is betting on a transition to self-driving cars.
Paytm chief sets sight on dominance in Japanese market before US foray; keeps mum on extortion case
•The Paytm founder said that dominance in Japan is very important. It's a market that we believe, is at an inflection point because people have done lot of trials but led with card (credit/debit).
OYO raises $1 billion fund: How 24-year-old Ritesh Agarwal turned his idea into India's second most valuable start-up
Fp Staff •Paytm bets on local expertise to fend off rivals, aims to increase offline merchants to 15 million by March 2019
•Paytm is transforming into a financial services start-up with forays in banking, mutual funds and later insurance.
Yahoo Japan buys back $2 billion of shares in three-way deal with SoftBank, Altaba
•The deal will strengthen cooperation between the company, one of Japan’s big three telecoms firms, and Yahoo Japan, an internet heavyweight in areas such as news and shopping.
Nikesh Arora, former SoftBank president, gets a whopping $128 mn as new CEO of Palo Alto Networks
Fp Staff •Arora, succeeds Mark McLaughlin, who has led the company for nearly seven years and has played a major role in its torrid pace of growth.
Softbank is selling off its 20% stake in Flipkart to Walmart, making its first public divestment
•It also did not comment on its reasons for cashing out. The Flipkart exit comes far more quickly than SoftBank’s average investment duration of 13.5 years.
SoftBank Corp invests in messaging startup Slack, which has now raised $250 million of funding
•Slack has in the past raised money from venture firms GGV Capital, Spark Capital and Thrive Capital, among others.
SoftBank has recently acquired two robotics companies from Alphabet Inc.
Tech2 News Staff •SoftBank Group Corp. a Japanese multinational telecommunications and Internet company has acquired two robotics companies from Alphabet Inc