SoftBank abandons $3 billion WeWork share purchase deal

Business / Corporate 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. SoftBank had agreed to buy the shares from ...

Business / Financial Markets Mar 31, 2020

Tokyo stocks drop amid cautious mood

Tokyo stocks ended lower Tuesday after struggling for direction, with investors taking heart from some positive news but failing to shift their vigilant eyes from the coronavirus pandemic. The Nikkei 225 average closed 167.96 points, or 0.88 percent, lower at 18,917.01. On Monday, it plunged ...

Japan Display bailout plan gets shareholder approval

Business / Corporate Mar 26, 2020

Japan Display bailout plan gets shareholder approval

Japan Display Inc. shareholders have signed off on a bailout plan involving a capital injection from a private Japanese fund to erase its negative net worth so the company can turn itself around. Under the bailout plan, which was approved Wednesday at an extraordinary shareholders ...