SoftBank Group’s shares rose 3.4% in Tokyo after the company unveiled its plans to borrow $4.5 billion from banks. The fundraising, which uses SoftBank’s shareholdings in its Japanese telecom subsidiary as collateral, comes a week after the company reported an operating loss of about $2 billion for its $100 billion Vision Fund, the world’s biggest tech investment fund. SoftBank’s investment...
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Stripe in Talks to Raise Up to $3 Billion From Current Investors
Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors. The talks, which have heated up in recent days, are likely to value the company at between $55 billion and $60 billion, according to one person involved in the potential deal....
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