Search Results for: Softbank

Flipkart makes revised offer of about $950 million to buy Snapdeal

Flipkart's new proposal, reportedly made over the weekend, is said to be worth between $900-$950 million and is now being evaluated and discussed by the board of Snapdeal.

Jul 18, 2017

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Infibeam founder Vishal Mehta denies bidding for Snapdeal

Economic Times had quoted two sources in a report that the all-stock bid for Snapdeal was estimated to be about Rs 6,652.75 crore.

Jul 14, 2017

Hunt for new Uber CEO heats up as Nikesh Arora, Marissa Mayer among executives willing to fill Travis Kalanick's shoes

Uber has reportedly received numerous interests and among them is former Google sales executive Nikesh Arora, who has also previously worked with SoftBank Group as president.

Jul 14, 2017

Flipkart to make another buyout offer this week after Snapdeal rejected its $800 million bid

Flipkart's new offer is expected to be closer to its initial bid of $1 billion and if it goes through, the deal with Snapdeal would take about a month to be completed.

Jul 11, 2017

Interview with Freecharge COO Govind Rajan

Will Axis Bank overtake Bank of Baroda and Paytm to acquire Freecharge?

Axis Bank is currently conducting due diligence and while neither the bank nor Snapdeal has commented on it, the deal if it goes through might be worth about $100 million.

Jul 8, 2017

Snapdeal ready with Plan B after rejecting Flipkart's $700-$800 million buyout bid?

Snapdeal reportedly did not explain why it had decided to refuse Flipkart's offer, but the talks regarding the sale are said to be ongoing.

Jul 5, 2017

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Wipro chairman's PremjiInvest objects to special payment to Snapdeal founders before Flipkart 'merger'

Snapdeal co-founders Kunal Bahl and Rohit Bansal, and investors Kalaari Capital and Nexus Venture Partners will get a total of $90 million prior to "merger" with Flipkart, triggering objections from PremjiInvest.

Jun 23, 2017

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Cab-hailing companies Careem, Grab, Lyft, Ola rock even as bad news hits Uber

Careem gets funding from Saudi billionaire Prince Alwaleed and Daimler, Alibaba's Jack Ma eyes stake in Grab, Ola raises $50 million and Uber continues to embarass.

Jun 16, 2017

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Deal Metallica: Softbank picks up two robotics firms from Alphabet

Japan has increasingly turned to robots to make up for workers who are leaving the labour pool.

Jun 10, 2017

India-born Rajeev Misra joins Japan's SoftBank board

Rajeev Misra and four others will be formally elected on June 21, SoftBank said.

May 27, 2017

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Softbank-Saudi tech fund becomes world's biggest with $93 billion of capital

Besides Softbank and Saudi Arabia's Public Investment Fund, the new fund's investors include Abu Dhabi's Mubadala Investment, Apple Inc, Qualcomm, Taiwan's Foxconn Technology and Japan's Sharp Corp.

May 22, 2017

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Paytm Payments Bank to commence operations from May 23

In a communication, One97 Communications says Paytm Payments Bank has received final licence from RBI.

May 17, 2017

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Vani Kola steps down from Kalaari Capital

Director of Snapdeal investor Kalaari Capital since September 2009, she sent her resignation letter on May 2.

May 15, 2017

Alibaba-backed Paytm close to buying rival FreeCharge from Snapdeal: Report

While Paytm is in the race to buy FreeCharge from Snapdeal, the e-commerce company (Snapdeal) is reportedly up for sale to bigger rival Flipkart.

May 11, 2017

Snapdeal, Ola drill $1.4 billion hole in SoftBank's pocket

In a statement, Japanese conglomerate SoftBank said it has recognized Japanese yen 160,419 million (~$1.4 billion) as loss on accounts of its investments in Snapdeal and Ola.

May 10, 2017

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