Giles Turner

SoftBank set to divest stake in chipmaker Nvidia next year

While SoftBank still holds an equity stake in Nvidia, it has reportedly constructed a so-called collar trade of about $6 billion, which allows investors to amass stakes while protecting themselves against a decline in stock prices.


Ride-hailing startup Lyft files confidentially for US IPO

Yandex.Taxi, Russia’s largest ride-hailing service part-owned by Uber, is also looking to list in 2019.


VW-backed ride-hailing app Gett seeks buyers to compete with bigger rivals

The Israeli tech firm may sell its entire business or offload regional operations outside of its home market. It may also weigh a listing, partnership or sale of a minority stake to raise capital.


SoftBank Vision Fund invests $100m in e-commerce startup in Brazil

Headquartered in Sao Paulo, e-commerce startup Loggi flags delivery requests to nearby couriers, from motoboys (or motorcycle messengers) to vans. The widely used app calculates the fee and route.


Uber in early discussions to acquire Europe’s Deliveroo

Uber CEO Dara Khosrowshahi has made the company’s food-delivery business a top priority ahead of a planned IPO in the second half of 2019.


Uber said to be in talks to acquire Dubai ride hailing firm Careem

Uber and Careem held preliminary talks in July to combine their Middle Eastern ride-hailing services, hoping to resolve a costly rivalry in the region. A deal could value Careem at $2 billion to $2.5 billion


Elon Musk, Masayoshi Son talked in 2017 about SoftBank investing in Tesla

Son and Musk met in April 2017 to discuss an investment in Tesla. The talks touched on taking Tesla private, but failed to progress due to disagreements over ownership.


SoftBank weighs largest IPO ever for domestic wireless business

SoftBank Group Corp. is considering seeking a valuation of about $90 billion for its domestic wireless business in a planned initial public offering.


SoftBank-owned ARM set to buy US-based Treasure Data

The acquisition is part of ARM’s push into the Internet of things. Treasure Data is backed by investors including Sierra Ventures and SBI, a former subsidiary of SoftBank.


Uber rival Gett said to mull sale of ride-share startup Juno

The Israeli tech company may sell Juno, the New York-based startup it bought in April 2017. Juno represents the bulk of Gett’s U.S. operations.