Tag - softbank

 
 

SOFTBANK

Japan Times
BUSINESS / Companies
Apr 2, 2020
SoftBank abandons $3 billion WeWork share purchase deal
SoftBank Group Corp. is scrapping an agreement to spend $3 billion (¥322 billion) to buy WeWork stock from former CEO Adam Neumann and other shareholders, despite threats of legal action from some members of the company’s board.
Japan Times
BUSINESS / Companies
Mar 30, 2020
WeWork’s imperiled $3 billion stock sale would mostly benefit five investors
In a deal that’s currently at risk of falling apart, a handful of investors would be the main beneficiaries of SoftBank Group Corp.’s plan to buy $3 billion of WeWork stock, according to a person familiar with the matter.
Japan Times
BUSINESS / Companies
Mar 30, 2020
SoftBank shares tumble 10% after OneWeb files for bankruptcy
SoftBank Group Corp. fell as much as 10 percent after a provider of satellite-based internet service that it invested in filed for bankruptcy, ceding some gains from an unprecedented plan to sell assets and buy back shares.
Japan Times
BUSINESS / Companies
Mar 29, 2020
SoftBank’s big bet on sharing economy backfires with coronavirus
Masayoshi Son has been among the most fervent believers in the sharing economy, investing billions in startups that help people split the use of cars, rooms and offices.
Japan Times
BUSINESS / Companies
Mar 23, 2020
SoftBank soars after unveiling ¥4.5 trillion plan to slash debt
SoftBank Group Corp. has unveiled a plan to raise as much as ¥4.5 trillion to replenish its coffers and slash debt over the coming year, moving to address investors' concerns about its exposure to money-losing businesses during the coronavirus pandemic. Its shares surged.
Japan Times
BUSINESS / Companies
Mar 23, 2020
WeWork directors prepare to take on SoftBank if it abandons rescue deal
Two independent WeWork directors are weighing all options, including legal action, after SoftBank Group Corp. advised the company's shareholders it may renege on part of its rescue package.
Japan Times
BUSINESS / Companies
Mar 22, 2020
Masayoshi Son’s empire wobbles as virus hits debt load
Investors are growing increasingly skittish about the stability of Masayoshi Son’s empire.
Japan Times
BUSINESS / Companies
Mar 18, 2020
SoftBank threatens to unravel $3 billion WeWork stock deal
SoftBank Group Corp. told shareholders of WeWork that it could withdraw from an agreement to buy $3 billion (¥321.4 billion) of stock in the embattled coworking business, casting doubt on a deal that had been set to close in about two weeks.
Japan Times
BUSINESS / Companies
Mar 13, 2020
SoftBank plans ¥500 billion share buyback as advocated by activist investor
SoftBank Group Corp. plans to spend up to ¥500 billion ($4.8 billion) buying back as much as 7 percent of its shares, taking a step advocated by activist investor Elliott Management Corp. to boost stockholder value.
Japan Times
JAPAN / Science & Health
Mar 12, 2020
SoftBank's Masayoshi Son reconsiders heavily criticized coronavirus test plan
SoftBank founder Masayoshi Son took to Twitter on Wednesday to offer a million free coronavirus tests, only to get hit by a barrage of criticism that he risked overwhelming medical facilities, prompting him to say he might reconsider the plan.
Japan Times
BUSINESS / Companies
Feb 25, 2020
SoftBank fund invests $100 million in compliance software firm
SoftBank Group Corp.'s Vision Fund 2 is investing $100 million in compliance and employee-monitoring software company Behavox, according to sources familiar with the matter.
Japan Times
BUSINESS / Companies
Feb 18, 2020
Masayoshi Son's big real estate venture with Oyo runs into real problems in Japan
Last March, months before the meltdown at WeWork, Masayoshi Son worked through the prospects for another one of his favorite portfolio companies — a startup from India called Oyo.
BUSINESS / Companies
Feb 16, 2020
SoftBank plans to invest $1 billion from Latin America fund, with eyes on 650 firms
SoftBank Group Corp. will continue to invest in Latin America this year, focusing on industries including e-commerce, health care and fintech.
Japan Times
BUSINESS / Companies
Feb 13, 2020
SoftBank chief welcomes activist investor Singer as Vision Fund logs loss
SoftBank Group Corp. founder Masayoshi Son opened the door to making at least some of the changes championed by activist investor Paul Singer, after the company reported a second quarter of losses from its startup investing.
Japan Times
BUSINESS / Companies
Feb 13, 2020
SoftBank's Masayoshi Son considers new type of fund for startup investing
SoftBank Group Corp. founder Masayoshi Son said he is considering a new type of fund for startup investing, showing his determination to keep cutting deals after missteps with WeWork and several other companies.
Japan Times
BUSINESS / Companies
Feb 11, 2020
Paul Singer versus Masayoshi Son: Billionaires playing nice — for now
Paul Singer earned his reputation as a take-no-prisoners brawler by challenging the interests of Argentina's government and South Korea's family businesses. With his latest investment, though, the American activist investor appears to be taking a more collaborative approach.
Japan Times
BUSINESS / Companies
Feb 5, 2020
Top U.S. partner at SoftBank's $100 billion Vision Fund is leaving
A top U.S. partner at SoftBank Group's technology fund is stepping down after the company posted declining returns on its investments and struggled to raise capital for the next Vision Fund.
Japan Times
BUSINESS
Jan 28, 2020
X Japan's Yoshiki investing in cloud computing firm Uhuru, source says
Rock star Yoshiki and software giant Salesforce.com Inc. are backing cloud consulting firm Uhuru Corp. in its next fundraising round, according to a source familiar with the plans.
Japan Times
BUSINESS / Companies
Dec 27, 2019
Uniqlo founder Tadashi Yanai, one of the few directors to stand up to Masayoshi Son, exits SoftBank board
Fast Retailing Co. Chief Executive Officer Tadashi Yanai is leaving SoftBank Group Corp.'s board after more than 18 years as one of the few directors with the heft to challenge Masayoshi Son.
Japan Times
COMMENTARY / Japan
Dec 25, 2019
Masayoshi Son: Tech visionary or robber baron?
We're coming to realize that the SoftBank founder is less a business guru than a 19th-century capitalist.

Longform

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