The companies have announced a new blockchain-based solution that will bring the distributed ledger technology to the telecommunications industry.
SoftBank (UK) made an investment of millions of dollars in ZT recently. It was also the first investment project of SoftBank (UK) in the layout of the blockchain industry.
WeWork is looking at a second attempt at a public listing and should complete a settlement with SoftBank.
Fueled by the pandemic, Coupang recorded gains of $12B, a 91% rise from 2019.
It is yet unclear which industries Elliott Management may be looking to pitch tents with but the hedge fund’s SPAC is bound to be one of the biggest.
SoftBank’s blank-check firm SPAC has been attracting some market players and investors by helping companies to go public. The SPACs are backed by SoftBank Investment Advisers that oversees the company’s Vision Fund.
SoftBank SPAC IPO will be overseen by SoftBank Investment Advisers which also runs the Vision Fund. Besides, Goldman Sachs Group and Citigroup will underwrite the deal.
If this falls true, Tokopedia will become the second behind PT Telekomunikasi Indonesia to have the dual listing combination of the US and Indonesia.
Goldman Sachs will serve as an advisor of the deal. Korean law firm Kim & Chang will be the legal counsel of the acquisition.
With Tier continuously offering new products and options, this funding is geared to help support the firm as it hopes to emerge profitable despite the potential risks of the COVID-19 pandemic.
SoftBank announced on Friday that its shareholders will receive an interim dividend of 22 yen per share.