Adani Green Energy Ltd (AGEL) has wrapped up the previously announced $3.5 billion (INR 26,000 crores) acquisition of SB Energy Holdings Ltd (SB Energy India). The all-cash deal was announced in May 2021 under which the Adani Group subsidiary acquired the Indian renewable energy company from SoftBank Group (SBG) and Bharti Group. While SoftBank Group […]
British supermarket chain Morrison Supermarkets (Morrisons) has accepted a takeover bid of £6.3 billion ($8.7 billion) from a group led by Fortress Investment Group, a subsidiary of Japan’s SoftBank Group. Joining Fortress Investment in the proposal are Canada Pension Plan Investment Board and Koch Real Estate Investments. Shareholders of Morrisons will be offered 254 pence […]
Adani Green Energy has signed a deal worth nearly $3.5 billion to acquire SB Energy Holdings (SB Energy India), an Indian renewable energy company, from SoftBank Group (SBG) and Bharti Group. Japan-based SoftBank Group has an 80% stake in SB Energy India, which was established in 2015. Bharti Group, on the other hand, holds the […]
Iyuno-SDI Group, a localization services provider for the media and entertainment sectors, has bagged an investment of $160 million from SoftBank Vision Fund 2. The company said that the investment gives it the required resources for supporting its objective of transforming the localization industry. With the investment, SoftBank Vision Fund 2 will be one of […]
US computing company NVIDIA has agreed to acquire Arm Limited, a British semiconductor and software design company, from Japan-based SoftBank Group and the SoftBank Vision Fund (together SoftBank) for $40 billion in a cash-cum-stock deal. The acquisition will result in the combination of the AI computing platform of NVIDIA and Arm’s vast ecosystem for creating […]
California-based Accel Robotics, a retail tech startup which uses artificial intelligence (AI) and computer vision to provide checkout-free experience, has raised $30 million in a Series A funding round led by SoftBank Group. Founded in 2015, Accel Robotics enables customers to grab products they need and go. As the products are automatically tallied when they […]
Total Solar International, a subsidiary of French oil and gas giant Total has begun the construction of a 52MW solar power plant called Miyagi Osato Solar Park located in Osato in the Japanese prefecture Miyagi, as per the latest solar industry news. The peaking solar power plant had secured financial close and is expected to […]
Vivint Smart Home, a Blackstone Group-backed US smart home services provider, has agreed to merge with a subsidiary of Mosaic Acquisition, to create a home automation company worth $5.6 billion. Mosaic Acquisition is a special purpose acquisition company of Japanese investment firm SoftBank Group. Founded in 1999, Vivint Smart Home offers a suite of smart […]
German fintech company Wirecard has entered into a memorandum of understanding with Brightstar, a device lifecycle management company, to collaborate in the areas of digital consumer lending, payment acceptance processing and card issuing for the retail channel. The cooperation is expected to help Wirecard increase its transaction volume and consumers upgrade their smartphone devices more […]
Mining industry news : Japan’s SoftBank Group has agreed to acquire a stake of up to 9.9% in Nemaska Lithium, a Canadian lithium mining company for C$ 99.1 million ($77.7 million). Through the investment in the Canadian lithium mining company, SoftBank wants to tap into the emerging battery industry which is expected to grow further […]