GM and Softbank invest in autonomous cars

All aboard the self-driving bandwagon GM and Softbank are the most recent firms to invest in self-driving cars. Japanese holding company Softbank announced its investment of $2.25 billion into GM’s self-driving development. In December, the firm purchased a 15% stake in Uber, who is also testing self-driving functionalities. GM will follow suit, investing $1.1 billion […]
  • 2 Months ago

Grab Acquires Uber’s Foothold in Southeast Asia

Uber Technologies is experiencing global challenges. Grab has procured Uber in Southeast Asia. Grab is a ride-hailing and logistics service based in Singapore. Its services are available in most of its neighboring countries in Southeast Asia. These include countries like Malaysia, Indonesia, Philippines, Vietnam and so on. The company has excelled in recent years such […]
  • 4 Months ago

Sprint and T-Mobile nearing merger agreement

T-Mobile and Sprint, respectively the third and fourth largest wireless carriers in the U.S., are nearing a merger agreement, undisclosed sources told Reuters Friday. A due diligence period would follow the finalization of the agreement’s terms, but the companies expect a deal by October, according to Reuters’ source. In August, Reuters says, Sprint CEO Marcelo Claure […]
  • 10 Months ago

SoftBank Looks to Make Inroads Into US Ride-Hailing Sector

SoftBank CEO Masayoshi Son has indicated intentions to make inroads into the US ride-hailing market with a multi-billion dollar investment in Uber or Lyft, CNN’s Sherisse Pham reports. At a news conference Monday, Son said his company was “definitely interested” in pursuing a partnership with one of the two ride-hailing operations. Son expects a boom […]
  • 12 Months ago

Asian Ride-Hailing Company Grab Has Raised 2 Billion and Counting in Latest Investment Round

China’s most prominent ride sharing company, Didi Chuxing, and SoftBank, a leader in the Japanese telecommunications and internet services industries, have invested a combined $2 billion in southeast Asian ride-hailing company Grab, Johana Bhuyan of recode.net reports. Grab expects to collect an additional $500 million dollars during this round of funding. It will use the […]
  • 12 Months ago

Alibaba going public – makes Son 58 Billion!

Alibaba – a Chinese internet business web portal and an internet shopping mall that connects Chinese manufacturers with overseas buyers recently filed its US IPO documents with the SEC. Alibaba has an expected valuation of about $160 Billion and Masayoshi Son and his company SoftBank Corp, 14 years ago invested $20 million in then a […]
  • 4 Years ago