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SoftBank mulls bringing 40 companies to Brazil

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FILE PHOTO: The logo of SoftBank Group Corp is displayed at the SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo SAO PAULO (Reuters) – Japan’s SoftBank Group Corp is considering bringing around 40 companies with high growth potential to Brazil and expects to announce a large investment in the country Read More

India tells tech firms to protect user privacy, prevent abuse

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A man walks past the sign of “Google for India”, the company’s annual technology event in New Delhi, September 19, 2019. REUTERS/Sankalp Phartiyal NEW DELHI (Reuters) – Technology firms must protect user privacy and prevent abuse of their platforms, India’s IT minister said on Thursday, speaking as the government draws up a data privacy law Read More

Tech investors: No broad lessons seen in WeWork valuation drama

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NEW YORK (Reuters) – Two top technology investors cautioned against drawing broadconclusions about the valuation of private companies from questions swirling around U.S. office-sharing startup WeWork. FILE PHOTO: The WeWork logo is displayed on the entrance of a co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid/File Photo Scott Kupor, Read More

Britain to investigate $5 billion U.S. takeover of defense firm Cobham

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LONDON (Reuters) – Britain will investigate the national security impact of the purchase of defense company Cobham by U.S. private equity firm Advent International, potentially delaying or even blocking the $5 billion deal. FILE PHOTO: Canadian F-18 war planes (L) wait to refuel from a British VC-10 tanker aircraft over the Mediterranean Sea off Libya Read More

WeWork parent says IPO still on despite setbacks

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(Reuters) – WeWork owner The We Company said on Monday it expected to complete its initial public offering (IPO) by the end of the year, after walking away from preparations earlier in the day to proceed with its stock market debut this month. FILE PHOTO: Adam Neumann, CEO of WeWork, speaks to guests during the Read More

WeWork IPO spells rough landing for CEO Neumann

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NEW YORK (Reuters) – Adam Neumann showed he can capitalize on troubled times a decade ago, tapping into demand for workspace by those forced out of jobs in the aftermath of the financial crisis to grow WeWork into a global brand commanding a $47 billion valuation. FILE PHOTO: Adam Neumann, CEO of WeWork, speaks to Read More

Exclusive: WeWork considers dramatic valuation cut in IPO

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(Reuters) – WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January, people familiar with the matter said on Friday. Were the We Company to press on with the IPO at Read More

SoftBank and Toyota want driverless cars to change the world

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Meet ‘crazy’ tech tycoon Masayoshi Son SoftBank and Toyota want to change the world of transportation through autonomous vehicles and other technologies. The high-profile Japanese companies are forming a joint venture called Monet to develop businesses that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which Read More

SmileDirectClub falls 11% in U.S. market debut

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(Reuters) – Shares of SmileDirectClub SDC.O, a teeth alignment company, tumbled 10.7% in their market debut on Thursday, after the company’s initial public offering was priced above expectations. David Katzman, CEO of SmileDirectClub stands with founders Jordan Katzman and Alex Fenkell as the company debuts its IPO at the Nasdaq MarketSite in New York, U.S. Read More

Yahoo Japan bids for control of fashion e-tailer Zozo for $3.7 billion

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TOKYO (Reuters) – Yahoo Japan Corp (4689.T) said it will take over Japan’s biggest online fashion retailer Zozo Inc (3092.T) for 400 billion yen ($3.7 billion), seeking to breathe fresh life into the business and compete better against the likes of Amazon.com (AMZN.O). FILE PHOTO : A website of Yahoo Japan Corp is seen on Read More