SoftBank Group

SoftBank Group

A multinational conglomerate holding company investing in businesses and technologies.

SoftBank Group is a multinational conglomerate holding company investing is business and technologies that is headquartered in Tokyo, Japan and was founded in 1981 by Masayoshi Son. The companies global portfolio consists of companies operating in several industries which include: telecommunications, internet services, AI, smart robotics, IoT and clean energy. As of March 31, 2019 Softbank Group has 76,866 employees, 1302 subsidiaries, 423 associates, 26 joint ventures, net sales of $9,602.2 billion, an operating income of $2,353.9 billion, and a net income of $1,411.2 billion. Notable companies held by SoftBank group include: Arm Holdings, Boston Dynamics, Yahoo Japan, Fortress Investment Group, Alibaba, Ola, Renren, Hike, Snapdeal, and WeWork.

History

Founded as a telecommunications company, SoftBank also runs businesses in e-commerce, finance, broadband, and marketing. SoftBank is headed by chairman and CEO Masayoshi Son.

Mergers/acquisitions

Nvidia

On September 14, 2020, SoftBank Group announced selling British chip designer Arm Ltd. to Nvidia for up to $40 billion. In 2016, SoftBank Group purchased Arm Ltd. for $32 billion. Nvidia will be paying SoftBank Group with $21.5 billion in common stock and $12 billion in cash, $2 billion of which will be paid at the official signing of the deal. Nvidia will also be issuing $1.5 billion in common stock to Arm employees and SoftBank Group may receive up to $5 billion in common stock or cash depending on the performance of Arm.

Timeline

September 14, 2020

SoftBank announced deal to sell Arm Ltd. to Nvidia for $40 billion.

July 26, 2019

SoftBank announces AI-focused second $108 billion Vision Fund with LPs including Microsoft, Apple and Foxconn.

December 10, 2018

SoftBank's IPO reaches $23.5 billion

October 1, 1984

SoftBank, formerly Japan Telecom Co, LTD, is founded

Funded Companies

Company
Description
Industry
Website
Location
ByteDance

ByteDance's is a Chinese AI company focused on content delivery.

Zymergen, founded in 2013 and located in Emeryville, California, is a technology company providing organisms engineering services. Their biotechnology labs rely on advanced manufacturing technologies, machine learning techniques, and genomics to accelerate the design, build, test cycle of microorganisms.

A company operating an online marketplace for products such as mobile devices, electronics, apparel and accessories.

A platform in New York that focuses on providing office space, mail and package handling, conference rooms, weekly events, high-speed internet and community networking to customers.

Guardant Health is a Redwood City, California-based biotechnology company developing precision oncology treatments.

An insurance technology company using artificial intelligence and behavioural economics to offer home and renters insurance.

QuintoAndar is a Brazilian company who offers an online rental platform which allows renters to find a rental without a co-signer, deposit or rental insurance and offers landlords protection against insolvent renters.

A biotechnology company offering a genomics platform supporting scientific research into life sciences such as oncology, immunology, and neuroscience.

Policybazaar is a company operating as an insurance aggregator website. It provides comparative analysis of insurance products and financial services from insurance companies.

Grab is a technology company providing a ride-hailing platform for booking service for taxis, private cars and motorbikes through a mobile device.

Delhivery is a Gurgaon-based hospitality company.

Rappi is a delivery service company operating in Latin American countries.

Kabbage is a financial technology and data company offering loans for small businesses.

One97 is a mobile-internet company providing mobile content and commerce services to mobile consumers.

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Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
SoftBank Group Private equity, July 2018
1,000,000,000
July 12, 2018
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People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

IDC Frontier

ARM

UK

Boston Dynamics

GungHo Online Entertainment

Schaft

Softbank BB

News

Title
Author
Date
Publisher
Description
BS Web Team
September 2, 2020
@bsindia
Business Standard brings to you a snapshot of the stories which made it to the headlines today
Bloomberg
August 28, 2020
@bsindia
The Tokyo-based parent said it will sell 927 million shares in SoftBank through a global secondary offering, about a third of its stake
Pavel Alpeyev and Takahiko Hyuga | Bloomberg
August 19, 2020
@bsindia
Oyo has struggled in Japan even with the full endorsement of SoftBank
Bloomberg
August 18, 2020
@bsindia
The Japanese conglomerate owned $1.04 billion of Amazon stock, its biggest investment, a $475 million stake in Alphabet, $248.6 million of Adobe and $189 million of Netflix
Ron Amadeo
July 23, 2020
Ars Technica
Who will buy one of the world's most widespread chip designers?
Bloomberg
July 10, 2020
@bsindia
With SoftBank Groups shares surging to their highest price in two decades on Thursday, Sons net worth hit $20 billion
Bloomberg
July 7, 2020
@bsindia
The stock rose 4.6 per cent to 6,190 yen ($58) on Tuesday, the highest since March 2000.
Takahiko Hyuga & Pavel Alpeyev | Bloomberg
July 6, 2020
@bsindia
The Indian start-up slashed its regional presence by closing offices in provincial centers Sapporo, Sendai, Nagano, Hiroshima and Omiya at the end of June, Chief Business Officer Ryota Tanozaki said.
Bloomberg
July 3, 2020
@bsindia
The stock rose 2.6 per cent on Friday to 5,778 yen ($54), the highest since July 2019
Shuli Ren | Bloomberg
July 2, 2020
@bsindia
Wirecard wont force SoftBank to write down any assets - because the tech conglomerate never put money into Wirecard itself.
Manish Singh
June 25, 2020
TechCrunch
SoftBank Group founder Masayoshi Son said on Thursday he is leaving the board of Jack Ma's Chinese e-commerce giant Alibaba Group today, a month after Ma left the board of Son's technology group. Son said he sees the move as "graduating" from Alibaba Group's board, his most successful investment to date, as he swiftly moved [...]
Reuters Editorial
June 15, 2020
IN
SoftBank Group Corp <9984.T> has spent 499.9 billion yen ($4.66 billion) buying back 107.7 million of its shares since March, a company filing on Monday showed.
Catherine Shu
May 18, 2020
TechCrunch
SoftBank Group said today that Jack Ma, co-founder of Alibaba Group, will step down from its board after serving as a director for 13 years. Ma's resignation will be effective on June 25, the date of SoftBank Group's annual shareholder meeting. The company did not give a reason for the resignation, but over the past [...]
Hideyuki Sano
April 28, 2020
IN
Masayoshi Son's SoftBank Group could be the biggest beneficiary of the Bank of Japan's plan to buy more corporate bonds as it expands stimulus to lend more support to the virus-hit economy, analysts said.
Jonathan Shieber
April 13, 2020
TechCrunch
The Japanese technology conglomerate SoftBank Group said it would lose a staggering $24 billion on investments made through its Vision Fund and bets on the co-working real estate company, WeWork, and satellite telecommunications company, OneWeb. Ultimately, the company expects the losses to help generate a $7 billion total loss for the technology giant for the [...]
Bloomberg
March 19, 2020
@bsindia
The fund plans to reserve some of the remaining cash to pay back a coupon attached to the Saudi investment, said some of the people
Danny Crichton
March 17, 2020
TechCrunch
Japanese telecom conglomerate SoftBank Group has faced a litany of bad news in recent weeks, including reported revelations from the Wall Street Journal that the head of its Vision Fund was using corporate espionage firms to sabotage his corporate peers and that activist hedge fund investor Elliott Management had invested in the company to try [...]
Pavel Alpeyev, Giles Turner & Takahiko Hyuga | Bloomberg
February 21, 2020
@bsindia
In private meetings with SoftBank, Elliott raised issues over the clarity of SoftBanks strategy, people familiar with the talks said
Sam Nussey
February 21, 2020
U.S.
Alphabet and SoftBank's attempts to launch flying cellphone antennas high into the atmosphere have received backing from global telcos, energizing lobbying efforts aimed at driving regulatory approval for the emerging technology.
February 17, 2020
The Economic Times
Oyo, founded by 26-year-old Ritesh Agarwal, has drawn particular attention in SoftBanks portfolio of startups because of its similarities to WeWork.
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References

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