Softbank

SoftBank Group Corp – ADR (OTC:SFTBY) known for its tech industry stakes, recently invested in an autonomous trucking startup, Stack AV. The startup, led by founders formerly associated with the self-driving unit of Ford Motor Company (NYSE:F) and Volkswagen AG (OTC:VWAGY), reportedly secured...

SoftBank Group chairman and CEO Masayoshi Son has announced that the Japanese investment firm is shifting from “defense mode” to “offense mode,” aiming to capitalize on the AI revolution, CNBC reports. Shifting Gears: During a shareholders’ annual general meeting, Son...

The story was first published on the Benzinga India Portal. SoftBank Group Corp (OTC: SFTBY) is reportedly set to sell stakes in Paytm and Zomato as the Japanese investment firm looks to turn a profit on its bets following a recent rally in their share prices. What Happened...

Crypto company Digital Currency Group (DCG) is selling stakes in some of its investment funds at a steep discount to raise capital, as it tries to pay back creditors of its bankrupt lending unit Genesis, Financial Times reported, citing U.S. securities filings. The sale of the shares in several of...

Global sports entertainment company Sorare announced a new partnership with the English Premier League. The four-year deal grows on recent partnerships by Sorare and will give the chance to consumers to purchase digital player cards and compete in fantasy football (soccer) challenges. What Happened...

Japanese conglomerate holding company SoftBank is positioned to take a big hit from its investments in bankrupt cryptocurrency exchange FTX. The FTX losses are just the latest in a long string of disastrous investments for SoftBank in recent years that have resulted in billions of dollars of losses...

Fantasy sports and blockchain technology company Sorare is partnering with one more professional sports league. Here’s the latest and what it means for the world of sports and non-fungible tokens. What Happened: Sorare, which touts tennis star Serena Williams as an investor and board member,...

It’s been a tough after-hours market on Monday for two fintech businesses. SoFi Technologies Inc (NASDAQ: SOFI) shares are down after hours in reaction to the filing by SoftBank Group Corp. on Monday with the U.S. Securities and Exchange Commission. According to a Bloomberg report, SoftBank...

A company well-known for its soccer non-fungible tokens and gamification is headed to Major League Baseball. What Happened: Major League Baseball and MLB Players Inc announced a partnership with Sorare Thursday to launch the first NFT-based free-to-play game. The game will be released this...

The U.S. Major Soccer League (MLS) has announced a partnership with a leading sports non-fungible token company to expand the brand into this emerging sector. What Happened: MLS announced a partnership with Sorare that will see the launch of new NFTs and a “next generation fantasy game....

Sequoia Capital has become the latest venture firm to bet big on web3 after leading a $450 million investment round in Polygon (CRYPTO: MATIC). What Happened: According to a report from TechCrunch, Sequoia Capital India led Polygon’s “first major financing round” which also saw...

Major U.S. cryptocurrency exchange FTX (CRYPTO: FTT) has closed its $400 million Series C funding round, reaching a valuation of $32 billion — about three times the current capitalization of major retail-focused online brokerage Robinhood Markets Inc. (NASDAQ: HOOD). What...

While Dana von der Heide and Arne Jeroschewski were working to improve e-commerce logistics within Asia Pacific at DHL, the pair realized advancing the experience for retailers could not be done with just one carrier.  This inspired them to step away from DHL and co-found Parcel Perform, a...

British Bitcoin-supporting (CRYPTO: BTC) challenger digital bank Revolut raised around $800 million in a funding round led by Japanese investment behemoth SoftBank Group Corp (TYO: 9984). What Happened: According to a Thursday Reuters report, with this fundraising, Revolut...

The Gist: M1 Finance, an automated money management platform, announced Wednesday a $150 million Series E funding round to boost innovation and platform growth. What Happened: M1 Finance is a platform for digital investing, borrowing and banking. As part of a vision to help self-directed...