Business / Tech Nov 20, 2019

Robotics investments help SoftBank create Roomba rival Whiz

SoftBank Group Corp. has put billions of dollars into a laser-based technology that could allow cars to drive themselves and help astronauts land on distant planets. It turns out that same technology makes a pretty good vacuum cleaner. Engineers at SoftBank Robotics have spent years ...

SoftBank plans $5 billion in rescue financing for WeWork

Business / Corporate Oct 17, 2019

SoftBank plans $5 billion in rescue financing for WeWork

SoftBank Group Corp. is in discussions to provide WeWork with roughly $5 billion of rescue financing in an effort to salvage one of the conglomerate's biggest investments. The funds will come directly from SoftBank, rather than its Vision Fund, according to a person familiar with ...

SoftBank plans to name former Sprint boss to help fix WeWork

Business / Corporate Sep 30, 2019

SoftBank plans to name former Sprint boss to help fix WeWork

SoftBank Group Corp. is tapping Marcelo Claure to help turn around WeWork after ousting co-founder and Chief Executive Officer Adam Neumann from the corner office last week. Masayoshi Son, the head of SoftBank, WeWork's largest investor, has asked the former chief executive officer of Sprint ...