Giles Turner

Allianz expands VC fund to $1.1b for tech, insurance investments

Allianz X was launched in 2016 with a 430 million-euro checkbook and has done about 15 deals, including an investment in Indonesian ride-hailing firm Go-Jek.


Masayoshi Son’s SoftBank beset by power struggle at the top

All’s not well between SoftBank COO Marcelo Claure and Rajeev Misra, who oversees SoftBank’s $100 billion Vision Fund.


SoftBank said to be working on LatAm fund to be run by COO Claure

The vehicle is likely to focus on venture investments and will be separate from SoftBank’s huge Vision Fund.


This is how SoftBank Vision Fund shares profits and losses

SoftBank has set up an unusual compensation structure for the fund that includes a $5 billion loan to employees. The debt is swapped for equity in the fund and will generate profit when deals make money — and losses when they don’t.


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