About Us
Pricing
Briefing
Markets Asia

SoftBank to File for SPAC to Raise Over $500 Million

By Juro Osawa
· · Source: Axios

SoftBank will file to raise between $500 million and $600 million through an initial public offering of a special-purpose acquisition company, Axios reported. It would be the Japanese tech investment firm’s first SPAC. Goldman Sachs and Citigroup are managing the process for Softbank’s SPAC, which plans to buy a company in which SoftBank doesn’t already have a stake, according to Axios. ...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Big Interview Policy Microsoft
The Push to Keep Digital Vaccine Passports From Becoming a Mess
By Nick Wingfield · April 14, 2021 6:01 AM PDT
The Commons Project CEO and co-founder Paul Meyer. Photo provided by The Commons Project
For the past several weeks, New Yorkers have been able to download a QR code onto their phones—or print out an analog copy of it—that vouches for the fact that they’ve received the Covid-19 vaccine or a negative test result for the virus. Yankee Stadium, Madison Square Garden and other local venues are already testing the Excelsior Pass, as the code is known, to screen people...
Latest Briefs
 
Instagram to Give Users Choice Over Whether to See Likes
By Sylvia Varnham O'Regan · April 14, 2021
Gojek, Tokopedia Finalizing $18 Billion Merger, Name Combined Company ‘Goto’
By Juro Osawa · April 13, 2021
Univision Merges with Televisa in $4.8 Billion Deal
By Jessica Toonkel · April 13, 2021
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Illustration by Jesus Escudero.
Venture Capital Startups
Want a Piece of Stripe and SpaceX? Find an SPV
By Berber Jin
When Khosla Ventures in February wanted to sell part of its stake in Stripe, one of the hottest private tech companies in the world, the shares ended up being auctioned in an opaque process.
Podcast
Tech’s Tiger King — The Information’s 411
By Cory Weinberg
Cory talks to Kate Clark about the new king of venture capital deals: Tiger Global Management. The New York hedge fund has invested at a rapid pace, at higher and higher valuations.
A promotional image provided by Greenlight
Exclusive Venture Capital Startups
Kid Debit Card Startup Greenlight Valued at $2 Billion in Andreessen-Led Round
By Kate Clark
Andreessen Horowitz is leading a new round of funding in Greenlight Financial Technology, a startup that offers debit cards meant for children, at a $2 billion valuation, according to two people familiar with the deal.
Travelers with their suitcases at a check-in counter at Munich airport. Photo by AP.
Venture Capital Travel
Fortunes Begin to Turn for Sonder and Other Travel Startups
By Cory Weinberg
Last March, Sonder was in dire straits. The startup, which rents furnished, hotel-like apartments to travelers, laid off nearly a quarter of its staff, slashed room prices and looked to terminate some of its leases as Covid-19 brought travel to a near halt.
A Didi Chuxing autonomous car on display in 2019. Photo by Bloomberg.
Exclusive Autonomous Vehicles Asia
Didi Chuxing Aborted $1 Billion Acquisition of Aurora Amid Concerns of U.S. Officials
By Juro Osawa
After defeating Uber in China’s brutal ride-hailing war in 2016, Didi Chuxing had an even more ambitious goal: Win the global race to develop robotaxis.
An image from Google's new Sodar AR app. Photo by Google
Reality Check Google AR/VR
TI Reality Check: Pokemon Go Pushback and AR Experimentation
By Mathew Olson
Niantic might have crossed a line in terms of how much it can reasonably ask of Pokemon Go players with its special Easter-timed event.