Tag - softbank

 
 

SOFTBANK

Japan Times
BUSINESS / Companies
Jul 22, 2020
WeWork set to lose major Japan tenant Rakuten, sources say
The e-commerce giant will let its contract run out in August without renewing, leaving about 700 desks empty in Tokyo.
Japan Times
BUSINESS / Companies
Jul 14, 2020
SoftBank exploring sale or IPO of chip company Arm, sources say
If it pursues a listing, the chip-design company could go public as soon as next year, accelerating a timeline laid out by SoftBank founder Masayoshi Son in 2018.
Japan Times
BUSINESS / Companies
Jul 13, 2020
After 133% rally, SoftBank investors bet there’s more to come
Founder Masayoshi Son has made a career out of confounding his doubters, and analysts see plenty of upside to his company's share price despite all its recent troubles.
Japan Times
BUSINESS / Companies
Jul 10, 2020
SoftBank’s Masayoshi Son defies critics to engineer record fortune
It is the first time the 62-year-old's fortune has topped $20 billion since January 2013, when the Bloomberg Billionaires Index first started tracking his wealth.
Japan Times
BUSINESS / Companies
Jul 8, 2020
SoftBank-backed DCM eyes China startups with $880 million fund
David Chao, a venture capitalist who has been on the ground floor of Asian companies worth a combined $206 billion, has raised money for a new fund with a China focus, a sign that rising U.S.-China tensions aren’t turning off foreign investors.
Japan Times
BUSINESS / Companies
Jul 6, 2020
SoftBank startup Oyo slashing footprint and head count in Japan
The moves extend its ongoing effort to downsize internationally as it adapts to a tourism industry crushed by the coronavirus.
Japan Times
BUSINESS / Companies
Jun 25, 2020
SoftBank’s Masayoshi Son and Alibaba’s Jack Ma part ways
While the mutual departures are unlikely to have an immediate impact on either company, they mark the end of an era.
Japan Times
BUSINESS / Companies
Jun 23, 2020
SoftBank to sell slice of T-Mobile in a $21 billion deal
The transaction is part of a broader $42 billion push by SoftBank to unload assets to finance stock buybacks and pay down debt.
Japan Times
BUSINESS / Companies
Jun 19, 2020
SoftBank to invest in 14 startups run by minority founders
Companies will receive at least u00a516 million through an accelerator, with further capital available from a u00a510.6 billion fund for founders of color.
JAPAN / Crime & Legal
Jun 16, 2020
Two-year sentence sought for ex-SoftBank employee over data leak to Russia
Public prosecutors demanded two years' imprisonment and a fine of ¥1 million on Tuesday for a former employee of SoftBank Corp. over a leak of confidential corporate information to a Russian diplomat.
Japan Times
BUSINESS / Companies
Jun 16, 2020
SoftBank confirms it is considering deal to sell T-Mobile shares
SoftBank said it may sell some of its stake through private placements or public offerings.
Japan Times
BUSINESS / Tech
Jun 11, 2020
Founder of software company who turned down SoftBank joins ranks of Japan’s billionaires
Masayoshi Son had offered to buy Shunji Sugaya's business idea for $2.8 million.
Japan Times
BUSINESS / Companies
Jun 10, 2020
SoftBank to expand Vision Fund cuts to as many as 80 workers
SoftBank Group Corp.’s Vision Fund is preparing to cut staff by about 15 percent after reporting record losses for the last fiscal year, according to people familiar with the matter.
Japan Times
BUSINESS
Jun 4, 2020
SoftBank creates $100 million fund to back companies led by people of color
The effort stems from U.S. and international disgust with the death of George Floyd, who died after a white Minneapolis cop knelt on his neck for over eight minutes.
Japan Times
BUSINESS / Companies
May 28, 2020
Masayoshi Son's SoftBank strained by losses and infighting at the top
In early March, before the coronavirus pandemic triggered a global economic lockdown, SoftBank Group Corp. founder Masayoshi Son paid tribute to Rajeev Misra, the man who runs his $100 billion technology investment fund. Wearing a $70 (¥7,500) Uniqlo down jacket, the Japanese billionaire put his arm...
Japan Times
BUSINESS / Companies
May 28, 2020
SoftBank’s Vision Fund plans to cut 10% of staff as startups sour
As the value of its startups declines, the best of the giant fund's 500-strong staff might start looking for other jobs.
Japan Times
BUSINESS / Companies
May 27, 2020
SoftBank’s Vision Fund to explore sale of OSIsoft stake
CEO Masayoshi Son has said he will sell off about $42 billion in assets to finance stock buybacks and pay down debt.
Japan Times
BUSINESS
May 21, 2020
SoftBank to sell 5% of Japan wireless arm for up to ¥313 billion
Mounting losses have imposed immense pressure on the firm's often opaque structure and management.
Japan Times
BUSINESS / Companies
May 19, 2020
SoftBank’s first Vision Fund may be its last after ¥1.9 trillion loss
Masayoshi Son conceded he is unlikely to be able to draw outside investors for another Vision Fund.
Japan Times
COMMENTARY / Japan
May 7, 2020
Being a sore loser doesn't make WeWork’s Neumann wrong
There's little downside for the founder of the collapsed office rental company in taking on his former benefactor.

Longform

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