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“# Fantasy soccer NFT platform Sorare reportedly closing in on $532M in funding ” Reports have surfaced that French NFT-based soccer trading card game developer Sorare is closing in on a $532 million funding round with a valuation of at least $3.8 billion. According to unnamed sources in Business Insider, the latest funding round is…
“#Uber rival and Chinese ride-hailing giant Didi files for IPO” Didi Chuxing, China’s biggest ride-hailing firm, on Thursday made public its filing for a US stock market listing, setting the stage for what is expected to be the world’s biggest initial public offering this year. The company – backed by Asia’s largest technology investment firms, SoftBank,…
“#WeWork’s ousted CEO Adam Neumann gets fattened exit package” WeWork’s ousted CEO Adam Neumann might finally find the door with a renegotiated exit package. Neumann received a juiced-up stock award worth $245 million, on top of $200 million in cash, as part of a sweetheart exit package from the office rental company he led to…
“# SoftBank founder hesitant on Bitcoin but says it ‘can’t be ignored’ ” Tesla’s tag game with Bitcoin (BTC) might have triggered a race in the corporate world to invest in crypto, however, SoftBank still prefers to take a more cautious approach. Answering questions at SoftBank’s earnings news conference, SoftBank CEO Masayoshi Son admitted that…
“#Real estate giant Compass valued at $8.2B in NYSE debut” Shares of SoftBank-backed Compass jumped 18 percent in their stock market debut on Thursday, giving the real estate brokerage firm a market value of $8.22 billion, after being priced at the lower end of the reduced initial public offering price range. The stock opened at $21.25,…
“#Adam Neumann’s role in SoftBank’s deal to take WeWork public” An unlikely figure helped set the spark for SoftBank Group’s $9 billion deal to take WeWork public. Adam Neumann, WeWork’s co-founder and ousted chief executive, met in November with the head of the special purpose acquisition company that would go on to clinch a deal…
“#WeWork’s Adam Neumann reportedly eyes SoftBank settlement” Adam Neumann’s golden parachute keeps getting smaller. The WeWork co-founder is discussing a settlement with SoftBank that would cut his payout from the Japanese investment giant roughly in half, according to reports. Neumann and WeWork filed separate lawsuits against SoftBank last spring after it abandoned plans to buy…
“# Japanese telecoms giant Softbank Corp joins crypto regulatory group JSTA ” Softbank Corp, the telecoms arm of the Japanese conglomerate Softbank Group, has confirmed its membership of the Japanese Security Token Association. The company now joins other firms like Mitsui Trust and Qunie — the consulting subsidiary of NTT Data — as members of…
“#SoftBank launches $525M SPAC to invest in robot ‘revolution’” WeWork owner SoftBank is ramping up its investments in artificial intelligence — a move that appears to be tied to its eccentric founder’s obsession with robots taking over the earth. The Japanese conglomerate disclosed plans late Monday to raise $525 million to acquire a private company…
“#Hyundai to take over robot-maker Boston Dynamics” Hyundai Motor Group just bought itself a new robotic pet. The South Korean automaker announced plans Friday to take a controlling stake in Boston Dynamics, the cutting-edge tech firm known for its unsettlingly advanced dog-like robot. Hyundai said it will buy about 80 percent of Boston Dynamics from…