SoftBank's damage from Uber and WeWork could exceed $5 billion
Masayoshi Son's startups have had a rough few months, from a botched initial public offering by WeWork to a sharp decline in shares of Uber Technologies Inc. Now analysts are beginning to calculate that the damage for Son's SoftBank Group Corp. will likely reach into ...
WeWork names new head of Japan operations after management purge
WeWork named a new head of its Japanese operations, replacing a company veteran with close ties to former Chief Executive Officer Adam Neumann. Kazuyuki Sasaki, the former managing director of WeWork Japan, has been named its new CEO, the company said in a statement on ...
SoftBank debtholders hope for more caution after WeWork woes
Many bond market participants still think SoftBank is a relatively safe bet, but a bumpy few weeks for the corporate investor has prompted some to pine for a bit more caution.
SoftBank has a lesson for startups with WeWork coup: Your dreams had better be profitable
Masayoshi Son, long known as a free-spending benefactor who encouraged startup founders to pursue their dreams even if it meant losing billions of dollars, had a different message for entrepreneurs last month: Your dreams had better be profitable. The chief executive officer of SoftBank Group ...
KDDI picks Nokia and Ericsson as 5G equipment providers, excluding China's Huawei
Carrier KDDI Corp. has selected Nokia Corp. of Finland and Sweden's Ericsson to be equipment providers for its new fifth-generation, or 5G, high-speed network, the two northern European companies announced. Amid intensifying U.S.-China competition for dominance in the technology industry, KDDI chose to exclude equipment ...
Rakuten taking limited orders for services on its delayed Japan mobile network
E-commerce giant Rakuten Inc.'s mobile unit started taking limited orders for services on its network Tuesday after a delay in installing network base stations forced it to postpone a full-scale launch until next April. Rakuten Mobile Inc. initially aimed to make a full-service entry into ...
WeWork's parent, The We Co., said Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as its chief executive officer. The withdrawal of its IPO prospectus formalizes the end of the New York-based ...
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 ...
SoftBank plans to pull in former Sprint boss Marcelo Claure to help fix WeWork's problems
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. SoftBank Chairman and CEO Masayoshi Son, WeWork's largest investor, has asked the former CEO of Sprint Corp. to ...
Bain taking bids for Japanese hot spring operator Oedo Onsen Monogatari
Bain Capital is collecting bids for Oedo Onsen Monogatari, operator of about 40 hot spring inns and resorts across Japan, with first-round proposals submitted by investment funds and SoftBank Group Corp., sources have said. The U.S. investor is seeking to sell the Oedo Onsen Monogatari ...
Big tech in space race to connect the world to the internet via satellite constellations
It's a 21st century space race: Amazon, SpaceX and others are competing to get into orbit and provide internet to the Earth's most remote places. And like the last century's battle for space supremacy that was triggered by the Soviet Union's launch of Sputnik 1, ...
SoftBank reportedly turns against WeWork's parent CEO, Adam Neumann
SoftBank Group, the biggest investor in WeWork owner We Co., is exploring ways to replace Adam Neumann as chief executive of the U.S. office-sharing startup, according to four sources. The rare showdown between SoftBank and one of its biggest investments comes after We Co. postponed ...
