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September 09, 2025
 

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SOFTBANK

Japan Times
BUSINESS / Companies
Dec 24, 2019
WeWork bailout stalls as Japan banks balk at lending Softbank $3 billion
SoftBank Group Corp.'s talks to secure $3 billion (about ¥328 billion) from the nation's three biggest banks have stalled as the lenders have hit internal lending limits to the firm, two people said, complicating a $9.5 billion rescue package for WeWork.
Japan Times
BUSINESS
Dec 16, 2019
Masayoshi Son's bankers worried about their favorite client
Masayoshi Son's bankers are taking a hard look at their most important client.
BUSINESS / Companies
Dec 13, 2019
SoftBank-backed OneConnect sees valuation tumble in U.S. IPO
Ping An Insurance Co.'s OneConnect Financial Technology said Thursday it raised around $312 million in its U.S. initial public offering, valuing the company at around $3.7 billion.
Japan Times
BUSINESS / Companies
Dec 9, 2019
SoftBank will have 'last laugh' on WeWork deal, analyst predicts
SoftBank Group Corp.'s massive investment in WeWork triggered a multibillion-dollar write-down and a rare apology from founder Masayoshi Son. But one analyst argues the deal is likely to work in the end and SoftBank will have the "last laugh."
Japan Times
BUSINESS / Companies
Dec 9, 2019
SoftBank's new tech fund to fall shy of target, Telegraph reports
SoftBank Group Corp. has scaled back ambitions for its second Vision Fund after the failure of big bets, including WeWork, by its first fund rattled partners such as Saudi Arabia, according to the Sunday Telegraph.
Japan Times
BUSINESS / Tech
Dec 6, 2019
SoftBank and University of Tokyo to open business-oriented AI research centers
SoftBank Corp. and the University of Tokyo have agreed to open artificial-intelligence centers staffed with specialists from the university and around the world, to swiftly turn research into profitable business ventures so Japan can keep up with the U.S. and China.
Japan Times
BUSINESS / Companies
Dec 2, 2019
SoftBank's startup bookkeeping draws scrutiny after WeWork fiasco
In early 2018, the founders of Chinese artificial intelligence startup SenseTime Group Ltd. flew to Tokyo to see billionaire investor Masayoshi Son. As they entered the offices, Chief Executive Officer Xu Li was hoping to persuade the head of SoftBank Group Corp. to invest $200 million in his three-year-old...
Japan Times
BUSINESS / Tech
Nov 26, 2019
KDDI and Facebook to jointly develop 5G services in Japan
KDDI Corp. and social media giant Facebook Inc. will jointly develop services to be provided through a 5G network in Japan, according to informed sources.
Japan Times
BUSINESS / Companies
Nov 26, 2019
SoftBank launches $3 billion tender offer for WeWork shares
WeWork parent We Co. agreed to the Japanese conglomerate's tender offer, one element of a $9.5 billion rescue package for the ailing office-sharing company, last month.
Japan Times
BUSINESS / Companies
Nov 25, 2019
WeWork's escape plan is buried in the books at its Tokyo office
Masayoshi Son stood on stage in Tokyo earlier this month and told skeptical SoftBank Group Corp. investors that making WeWork Cos. profitable is not only possible, but will be "simple." Driving that confidence is WeWork's Japanese unit, which is already in the black and will be the springboard for a...
Japan Times
BUSINESS
Nov 25, 2019
SoftBank to go ahead with WeWork stock tender offer this week
SoftBank Group Corp. will this week launch a previously agreed tender offer for as much as $3 billion of WeWork shares, including up to $970 million owned by the office sharing company's cofounder, Adam Neumann, two people familiar with the matter said.
Japan Times
BUSINESS
Nov 22, 2019
WeWork to lay off 2,400 employees globally in SoftBank revamp
WeWork said on Thursday it is laying off around 2,400 employees globally, as the office-sharing company seeks to drastically cut costs and stabilize its business after it transformed from a Wall Street darling into a pariah in a matter of weeks.
BUSINESS
Nov 21, 2019
SoftBank in talks with Japanese banks as it seeks loans to bail out WeWork
SoftBank Group Corp. is in talks with partner financial institutions including Mizuho Bank to secure loans totaling ¥200 billion to ¥300 billion to support The We Co., operator of the WeWork office-sharing business, sources with knowledge of the matter said Thursday.
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.
Japan Times
BUSINESS
Nov 18, 2019
SoftBank's Yahoo Japan-Line merger aims to take on U.S. and China online behemoths
Yahoo Japan operator Z Holdings Corp. and Line Corp. said Monday they have reached a basic merger agreement that will forge an internet conglomerate boasting over 100 million users in Japan with the aim of challenging U.S. and Chinese online behemoths.
Japan Times
BUSINESS / Companies
Nov 17, 2019
SoftBank's second Vision Fund starting life a lot smaller than the first
SoftBank Group Corp. has quietly completed an initial money-raising push for its second technology fund, at a fraction of its targeted $108 billion.
Japan Times
BUSINESS / Tech
Nov 14, 2019
SoftBank considering plan to merge Yahoo Japan with Line
SoftBank Group Corp. is considering a plan to consolidate its Yahoo Japan internet business with the messaging service Line Corp.
Japan Times
BUSINESS / Companies
Nov 12, 2019
WeWork talking with T-Mobile's John Legere in search for new CEO
WeWork is considering a candidate with deep ties to its majority shareholder SoftBank Group Corp. as its new chief executive officer, people familiar with the matter have said, in hopes of turning around the troubled coworking company.
Japan Times
BUSINESS / Companies
Nov 9, 2019
WeWork and SoftBank sued over canceled IPO
WeWork officials and SoftBank are being sued by minority shareholders to recoup losses as the shared workspace provider pulled its initial public offering and saw its value plunge more than 87 percent.
Japan Times
BUSINESS / Companies
Nov 7, 2019
SoftBank's Son says it's business as usual after record loss, but Tokyo traders aren't buying it
Masayoshi Son wants investors to believe that a record loss from investments in money-losing startups WeWork and Uber Technologies Inc. is but a bump in the road. Some aren't buying it.
Japan to experience blood moon lunar eclipse on Monday
A blood moon is seen during a partial eclipse in the sky over Lake George near Canberra on March 14.
Ishiba to quit as prime minister amid LDP discontent
Prime Minister Shigeru Ishiba announces his decision to step down, at the Prime Minister's Office in Tokyo on Sunday.
Japan eyes two types of 'hometown resident' registration
People buy groceries from a mobile supermarket in a rural area of Nagomi, Kumamoto Prefecture. The government is considering a new "hometown resident" registration system to help strengthen regional revitalization measures.
Search is on for loopholes in Japan’s $550 billion investment pledge
U.S. Secretary of Commerce Howard Lutnick argues that U.S. President Donald Trump has sole authority to invest Japan's promised $550 billion.
Race to become next LDP president kicks off again
Former Liberal Democratic Party Secretary-General Toshimitsu Motegi on Monday became the first to enter the race to replace Prime Minister Shigeru Ishiba.
Shizuoka farmers fight to preserve sustainable tea method that’s steeped in tradition
As of August 2024, the number of confirmed chagusaba farmers had fallen to 302, just over half the 582 reported in 2015, according to the Shizuoka Chagusaba Farming Method Promotion Council.
Search is on for loopholes in Japan’s $550 billion investment pledge
U.S. Secretary of Commerce Howard Lutnick argues that U.S. President Donald Trump has sole authority to invest Japan's promised $550 billion.
In rural Hokkaido, the stops and starts of tourism revival on full display
Redevelopment plans for Kawayu Onsen have hit some snags — an example of how bringing tourists back to declining rural communities is far from easy work.
London’s calling and sumo’s top division — along with Hello Kitty — are ready to answer
Yokozuna Hoshoryu and Hello Kitty, an ambassador for sumo's upcoming tour to London, at Tokyo's Kokugikan on Tuesday
Resonac creates 27-member consortium to pursue advanced chip developments
Representatives from member companies of JOINT3, a consortium working together on semiconductor-related developments announced by Resonac, pose for a photo in Tokyo on Wednesday.

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