Tag Archives: SoftBank

SoftBank Agrees to Buy ARM Holdings for $31 Billion: Report

Japan’s SoftBank Group Corp is set to agree a deal to buy British chip designer ARM Holdings PLC for around $32 billion (roughly Rs. 2,14,704 crores), a source familiar with the deal said, adding an announcement could come later in the day. ARM, the most valuable tech company listed in London, is a major presence in mobile processing, with its ... Read More »

Asia Shares Steady, Softbank Said To Bid For ARM

Sydney: The U.S. dollar gained on the yen in Asia on Monday as investors unwound safe-haven trades in the wake of the failed coup in Turkey, while a giant takeover bid in the tech sector and the promise of central bank stimulus lent support to equities. The Turkish lira was quoted around 2.9675 after the dollar climbed almost 5 percent ... Read More »

SoftBank Confirms Oyo Rooms Has Acquired Zo Rooms

In an earnings presentation posted on its website on Wednesday, SoftBank-funded Oyo Rooms has officially confirmed the acquisition of its rival, Tiger Global backed Zo Rooms. Founded in 2014 by Paavan Nanda, Siddharth Janghu, Abhishek Bhutra, Tarun Tiwari, and Chetan Chauhan, Zo Rooms has a presence in 54 cities, 800 hotels and claims over 249,000 bookings made on its services. ... Read More »