NEWSWORTHY
Uber targets valuation of over $100 billion with much-anticipated IPO, sources say
Uber Technologies Inc. is eyeing a valuation above $100 billion for its much-anticipated share offering due in 2019, which would be the biggest-ever in the tech sector, sources familiar with the plan said Tuesday. The sources said the global ride-hailing giant is considering speeding up ...
SoftBank robot Pepper appears before U.K. Parliament, sparking lively debate
Pepper, Japan's talking robot, appeared in Britain's Parliament — a first for such a humanoid — on Tuesday, prompting Twitter users to seize the chance to heap more mockery on Prime Minister Theresa May. The latest round of public amusement at the expense of the ...
Amid Japan's changing work-style landscape, office space provider WeWork grows at a dizzying pace
The seven-story tower with a glass exterior near Tokyo's trendy Omotesando district serves not just as a co-working space with computers and free Wi-Fi. There is also a pantry, a bar counter and a spacious lounge where you can drink freshly roasted coffee and ...
SoftBank CEO Masayoshi Son, the Saudi crown prince and a $22 billion test of values
Masayoshi Son has already paid a price for his close ties to Saudi Arabia. It could soon go much higher. Shares in Son's SoftBank Group Corp. plummeted the most in more than two years Monday after Saudi Arabia came under fire for the disappearance of ...
Turkish crime scene investigators dressed in coveralls and gloves entered the Saudi Consulate in Istanbul on Monday, nearly two weeks after the disappearance and alleged slaying of Saudi writer Jamal Khashoggi there. Police officers carrying files and equipment walked through the heavy metal doors of ...
SoftBank considering purchase of majority stake in WeWork: source
The co-working startup is raising additional capital to accelerate its expansion, according to a source, in a deal that could total $15 billion to $20 billion.
Toyota and SoftBank to integrate mobility and AI in new venture
The two industry titans said they are setting up a new joint venture to develop autonomous driving technologies and other on-demand services.
SoftBank bets $400 million on housing market startup Opendoor
Opendoor, which has already raised billions to buy homes over the internet, just landed another large investor: the SoftBank Vision Fund. The fund, part of SoftBank Group Corp., is investing $400 million in Opendoor, whose flagship service uses home-pricing algorithms to make rapid, all-cash offers ...
Parent-subsidiary listings under closer scrutiny of Japanese investors
Companies listed on stock exchanges along with their subsidiaries have come under closer scrutiny by investors due to continuing concerns over corporate governance. Such listings serve a dual purpose for parent companies, as they can maintain their influence over subsidiaries and at the same time ...
A joint venture between SoftBank Corp. and China's DiDi Chuxing launched a taxi-hailing service in Osaka Prefecture on Thursday. The service, operated by DiDi Mobility Japan Corp. and accessible using a free smartphone app, is aimed at visitors to Japan and others. Under the service, potential ...
Going against a global trend, Japan lags on boardroom diversity: study
The "old boys club" in the boardroom is alive and well — and most prevalent among the biggest Japanese and Chinese companies. French businesses meanwhile offer the most gender diversity on their boards of directors, according to a Bloomberg analysis of the boards of the ...
Altaba looks to raise $4.3 billion by selling remainder of its Yahoo Japan stake
Altaba Inc., the holding company formed from the overseas investments not purchased by Verizon Communications Inc. in its acquisition of Yahoo Inc., will raise about $4.34 billion by selling its entire stake in Yahoo Japan Corp. The company increased the size of the deal to ...
