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Tag Archives: SoftBank

Snapdeal-Flipkart Sale Approval Said to Have Been Given by Nexus to SoftBank

Japan’s SoftBank has secured the crucial nod from co-investor Nexus Venture Partners (NVP) for sale of Snapdeal to India’s largest e-commerce firm, Flipkart, sources said. SoftBank – the largest shareholder in Snapdeal – had secured a go-ahead from the founders and Kalaari last month. However, NVP was not in agreement over the valuation suggested by the Japanese firm and hectic ... Read More »

SoftBank Loses $350 Million on India Investments Including Ola, Snapdeal

SoftBank Loses $350 Million on India Investments Including Ola, Snapdeal HIGHLIGHTS SoftBank wrote off JPY 39.28 billion in the value of shares in its India The new set of numbers are lower than the loss recorded in November The Japanese firm has so far invested close to $2 billion in India Japan’s SoftBank Corp has booked an investment loss of ... Read More »

SoftBank Says Its India Investments might also Surpass $10 Billion

Having made a string of era investments in India, jap telecom and net giant SoftBank has stated its investments inside the united states of america will top $10 billion in 5-10 years. SoftBank, which owns considered one of Japan’s largest cell vendors and a controlling stake in US-baseddash Corp, will make its first $350 million funding in a sun venture ... Read More »