SoftBank gets $23.3B billion, TripAdvisor offers Takeaway’s food delivery

SoftBank gets $23.3B billion, TripAdvisor offers Takeaway’s food delivery

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The parent company of U.S fourth largest mobile carrier Japan’s SoftBank Group Corp stated on Thursday that it has been able to secure a total of 2.65 trillion yen ($23.3 billion) senior loan agreement. The funds will be used to refinance the acquisition loans for their U.S telecom company Sprint Corp and the British chip designer ARM

The company stated that the loan’s maturity is set on September 30th, 2024. Sprint might no longer be a big problem for them with the proposed merger with T-Mobile. Reports have however surfaced over the past few days that SoftBank might halt the deal due to the leadership of the merged company. The company had been content with allowing T-Mobile’s parent company, Germany’s Deutsche Telekom AG to take control of the merged company, but according to the reports by Nikkei, the Japanese company is reconsidering that stance. Whether the deal is still on or it has been called off is something that neither company has come out to address. From the silence, it is assumed that the agreed merger will go through as soon as the U.S authorities finish reviewing the deal.

TripAdvisor to offer its users Takeaway’s food delivery in Europe

TripAdvisor has added a feature that will allow their users to order a meal in as much as nine countries across Europe. The company struck a deal with Dutch online food delivery company Takeaway.com in order to bring this service to their customers.

This deal is very important for TripAdvisor as competition for online food delivery has intensified. This is due to the entry of giants Uber and Amazon.com into the food market. Takeaway stated on Thursday that it has a wide network that includes more than 31,000 restaurants, all of which will be available and accessible via either TripAdvisor’s desktop site, mobile website or app. TripAdvisor, a U.S owned company has made it possible for its users to click through to Takeaway’s site to order food from partner restaurants in European countries such as; in Germany, the Netherlands, Poland, Austria, Belgium, Switzerland, France, Luxembourg, and Portugal.

The terms and conditions of the deal between the two companies have so far not been disclosed to the media.

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I handle much of news coverage for tech stocks, and occasionally cover companies in different sectors. In the past, I've written for other financial sites and published independent investment research, primarily on tech companies. I have a B.A. in Economics from Columbia University. I'm based out of San Diego, but grew up in Southern New Jersey. I play basketball and tennis in my spare time, am a long-time (and long-suffering) fan of Philadelphia's sports teams, and alternate daily between using an iPad Air, a Galaxy Note 3, and one or two Windows PCs.

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