Softbank

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French telecom and Media group Altice founder Patrick Drahi. The firm is exploring a bid for Charter Communications, the second-largest US cable operator and the owner of assets formerly held by Time Warner Cable.

Altice, the deal-hungry cable and telecoms group controlled by Franco-Israeli billionaire Patrick Drahi, is lining up a potential $185 billion (€157 b(...)

Masayoshi Son, CEO SoftBank, during a news conference in Tokyo,  on August 7th. Photograph: Kiyoshi Ota/Bloomberg

Japan’s SoftBank is set on making a bigger impact in the US, seeking stakes in the leading car sharing services and pushing for consolidation in telec(...)

Kabbage said  SoftBank has agreed to invest $250 million in the company, in a move that brings the company’s total equity raised to date to nearly $500 million

Kabbage, a US fintech firm that recently established its European headquarters in Ireland after a key investor secured a €50 million investment from a(...)

The current deal cements an alliance between SoftBank, Didi and Grab, which competes against Uber in markets from Malaysia to Thailand. Photograph: Reuters

Grab raised $2 billion from Didi Chuxing and SoftBank Group in the largest ever venture fundraising in Southeast Asia, joining forces with two compani(...)

 Mohammed bin Salman, who has been promoted by his father, King Salman, to crown prince of Saudi Arabia in a dramatic shake-up of that country’s succession order. Photograph: Bandar Algaloud/Saudi Royal Court/via Reuters

Saudi Arabia’s King Salman has promoted his favoured son, Mohammed bin Salman, to crown prince in a dramatic shake-up of the established succession or(...)

Dixons Carphone is to sell its 50 per cent stake in the joint venture to Sprint for an undisclosed amount. Photograph: Alan Betson

Dixons Carphone is to end its US joint venture with mobile network Sprint after less than two years because of the “changing US mobile market landscap(...)

Britain faces a hung parliament and an unclear course in its approach to exit the European Union

The pound tumbled as Britain faces a hung parliament and an unclear course in its approach to exit the European Union. UK stocks rallied the most amo(...)

Robot-run hotel: the Henn-na’s dinosaur receptionist. Photograph: Kiyoshi Ota/Bloomberg

The receptionist at our Tokyo hotel is a little intimidating. Though polite, he growls our room number through razor-sharp teeth and leers at us with (...)

Foxconn: pulled off a $3.5 billion takeover of Japanese consumer electronics group Sharp last year. Photograph: Tyrone Siu/Reuters

Taiwan’s Foxconn has approached Apple about a potential joint bid for Toshiba’s flash memory business in what could be a $28 billion takeover battle. (...)

The euro was little changed at $1.0617, and the British pound advanced 0.2 per cent to $1.2432.

Stocks in Europe and Asia rose, led by telecommunications shares, after the Standard and Poor’s 500 climbed to a fresh record last week. Unilever tumb(...)

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