SoftBank's Son

Softbank-Saudi tech fund raises $93b in its first close


The world’s largest private equity fund, backed by Japan’s Softbank Group and Saudi Arabia’s main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics. “The next stage of the Information Revolution is under way, and building… Read more »

SK Hynix to bid for Toshiba chip business as part of a consortium

SK Hynix could be part of a consortium led by Bain Capital LP,

SoftBank boss follows Trump to Saudi to launch $100b fund

The launch of $100b Vision Fund is likely to coincide with Trump’s Saudi visit.

Broadcom, KKR said to emerge as leading bidders for Toshiba unit

Broadcom, based in San Jose, California, is offering about 2.2 trillion yen ($20 billion) .

Japan’s Candee acquires Apollo Productions for undisclosed sum

Acquisition to enhance Candee’s content creation abilities,

Global VCs hunt for a food delivery business that’s sustainable

They bet high on meal delivery investing $4.1b in 2015

Japan: Sharp to invest $1b in SoftBank’s $100b tech fund

Foxconn, Apple & Qualcomm to also invest in tech fund.

Prostar Capital, BlackRock acquire Seoul-based Kyungnam Energy

Private equity firm Prostar Capital together with BlackRock Infrastructure Solutions Group on Thursday announced the acquisition of Seoul-based Kyungnam Energy Co. Ltd.  Prostar, that invests in midstream energy infrastructure, acquired 95 per cent shares in Kyungnam Energy from the existing controlling stakeholders, said a press statement. The investment was made via a consortium comprising… Read more »

KeepTruckin secures $18m funding as Silicon Valley eyes trucking industry

Venture capitalists have poured $18 million into a startup that is helping to digitize the long-haul trucking industry, the latest sign that Silicon Valley is eager to take a piece of a $700 billion-a-year sector that has long relied on pencil and paper. San Francisco-based startup KeepTruckin said on Thursday… Read more »

Innovation Network Corp of Japan, likely Toshiba chip unit investor, to raise $2.7b

A Japanese state-backed fund plans to sell nearly a fifth of shares in chip maker Renesas Electronics Corp – worth $2.7 billion at current prices – bolstering its coffers amid expectations it is planning to invest in Toshiba’s chip unit. Although the fund, the Innovation Network Corp of Japan (INCJ), has… Read more »