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02-05-2017, 02:23 PM,
Post: #1
SoftBank Said in Talks to Invest $1.4 Billion in India's Paytm

by Saritha Rai and Pavel Alpeyev
May 2, 2017, 8:24 AM GMT+8

SoftBank Group Corp. is in talks to invest about $1.4 billion in India’s One97 Communications Ltd. in a deal that would value the owner of the country’s largest digital-payments provider at about $7 billion, according to people familiar with the matter.

The deal is not yet finalized and the terms may yet change, said the people, asking not to be identified because the matter is private. One97 Communications, whose Paytm unit has seen business surge as India took most of its paper bills from circulation, has also had discussions with two other investors, one of the people said. The company was last valued at $4.2 billion, according to research firm CB Insights.

The Paytm deal would be a vote of confidence in the India market amidst a brutal downturn in the venture market. Hundreds of fledgling companies are cutting staff or closing their doors. Indeed, SoftBank is said to be pressing Snapdeal, an Indian e-commerce provider it backs, to merge operations with market leader Flipkart Online Services Pvt. in what would be a dramatic sign of consolidation in the market.

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12-05-2017, 01:24 PM,
Post: #2
RE: SoftBank
SoftBank Leads $502 Million Investment in U.K. Tech Startup

by Jeremy Kahn
May 12, 2017, 5:15 AM GMT+8

SoftBank Group Corp. is leading a $502 million investment in Improbable Worlds Ltd., a London-based virtual reality startup, in one of the U.K.’s largest venture capital deals.

The valuation wasn’t disclosed. But SoftBank is buying a non-controlling stake, which would mean Improbable is worth at least $1.04 billion. The deal would rank as the fifth-largest U.K. venture investment in the past decade, according to data compiled by Bloomberg.

Silicon Valley venture capital firm Andreessen Horowitz, Hong Kong-based venture firm Horizon Ventures and Singapore state-owned investment company Temasek Holdings, which participated in a $22 million investment round in Improbable in March 2015, are also committing new funds. The five-year-old startup creates virtual worlds for gaming and massive-scale simulations of the real world.

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