Tag: SoftBank

  • SoftBank Likely To Have Offloaded 2.51% Stake Worth INR 747 Cr In Delhivery: Report

    Delhivery, a logistics company situated in Gurugram, recently saw a sizable ownership deal involving Japanese corporation SoftBank, marking a milestone in the Indian logistics industry. On November 17, roughly 2.51% of Delhivery’s equity changed hands in a deal valued at INR 747 Crores, at a price of INR 403 per share. This action is a…

  • SoftBank makes another bet on WeWork, hoping landlords will too

    WeWork’s largest stakeholder, SoftBank, is behind a $3 billion debt-for-equity exchange agreement, according to the most recent development in the company’s story. This audacious action is indicative of SoftBank’s resolute attempts to salvage some of its enormous assets while trying to turn around the struggling office space supplier. WeWork’s financial difficulties can be attributed to…

  • Zomato’s 1.1% Stake Changes Hands Amid Reports Of SoftBank Selling Shares

    Every move matters in the business world, and the most recent development concerns SoftBank’s venture capital fund, SVF Growth, which is considering buying a 1.1% share in Zomato, the dominant Indian meal delivery service. The deal was for an astounding 10.24 billion rupees, or about $123.24 million. This move’s timing is interesting, since in August…