SoftBank Group

The upward pace of the out-of-court settlement mechanism continued, leading to a new record of 1,952 settlements for July, corresponding to €518 million in debts, according to a statement from the Ministry of National Economy and Finance.

Italian debt recovery company doValue, which is also active in Greece, plans to diversify its sources of revenue beyond non-performing loans, its CEO said on Friday, after it reported a €19 million net loss for 2023.

Beleaguered shared office giant WeWork, which has been in dire financial straits for years, has filed for bankruptcy in a bid to negotiate down its debt.
The coworking company said its bankruptcy impacts operations in the United States and Canada, but "global operations are expected to continue as usual."

Turkish e-commerce firm Trendyol, backed by Chinese internet giant Alibaba, said yesterday it had entered into agreements to raise $1.5 billion from a number of high-profile investors, valuing the company at $16.5 billion.

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That makes the company Turkey's first "decacorn," a word used for those companies over $10 billion, according to a written statement.

Investor Warren Buffett was in a hurry to invest the $ 3 billion colossal amount in Uber, but the negotiations on the deal failed.

Buffett himself confirmed to CNBC that earlier this year he was discussing the investment with the Uber CEO Dara Kosroushahi, who was in the process of rebranding the company.

SoftBank Group Corp's Vision Fund will invest in creating the world's biggest solar power project in Saudi Arabia, it said on March 27, stepping up its involvement in the kingdom and expanding beyond technology.

Uber's US Shared Travel Service and Russian Internet Company Yandex intend to step up cooperation in Russia, the DPA reported.

Yandex is the market leader in internet search in Russia and Yandex Taxi offers its own online taxi service.

Japanese technology conglomerate SoftBank has reached a deal with Uber to invest billions in the ride-hailing giant.

President-elect Donald Trump said he had a “great meeting” with Alibaba executive chairman Jack Ma on Monday, when they discussed 1 million new U.S. jobs.

Ma said that Alibaba’s expansion would focus on products like garments, wine and fruits, with a special focus on trade between the American midwest and southeast Asia.