SoftBank’s big tech bets are paying billions
5 years, 5 months ago

SoftBank’s big tech bets are paying billions

CNN  

Tokyo CNN Business — SoftBank’s massive tech fund is pulling in big profits. Operating income for the Vision Fund soared 66% to nearly 398 billion yen last quarter thanks to valuation gains on investments like Oyo, Slack and Doordash, SoftBan said in an earnings statement Wednesday. SoftBank founder Masayoshi Son launched the $100 billion Vision Fund in May 2017, with nearly half the money coming from the Saudi government. Son said Wednesday that the amount of investment in the fund could increase even more, adding that there are other potential investors in talks with the fund — like Saudi Arabia — that are not included in the $108 billion figure. Asked in May whether he would consider investment from Saudi Arabia for Vision Fund 2, Son said at the time that it was still too early to discuss specific details.

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History of this topic

Tech Diplomacy and Trump: The Softbank Way
1 hour, 21 minutes ago

Tech Diplomacy and Trump: The Softbank Way

The Diplomat  

When Softbank founder and CEO Masayoshi Son met with U.S. President-elect Donald Trump at Mar-a-Lago in December, he made clear that the Japanese government was not involved in securing his meeting. Given that a Japanese government official has yet to meet with Trump despite concerted efforts to make it happen, Son’s response was hardly surprising. At the same time, Son’s …

What’s behind Masayoshi Son’s $100 billion pledge to Donald Trump
3 weeks, 2 days ago

What’s behind Masayoshi Son’s $100 billion pledge to Donald Trump

Live Mint  

Tech investing heavyweight Masayoshi Son offered a gift to President-elect Donald Trump: a pledge to spend $100 billion on artificial intelligence and related technology in the U.S. “President Trump is a double-down president," he said Monday, standing next to Trump at a Mar-a-Lago press conference—a reference to how his commitment was twice the $50 billion he pledged at a similar …

Why is tech giant SoftBank investing over $100 billion in the US?
3 weeks, 2 days ago

Why is tech giant SoftBank investing over $100 billion in the US?

Associated Press  

BANGKOK — Japanese tycoon Masayoshi Son and President-elect Donald Trump have announced plans for technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United States over the coming four years. Trump said the investments in building artificial intelligence infrastructure would create 100,000 jobs, twice the 50,000 promised when Son pledged $50 billion in U.S. investments …

Softbank to invest $100 bn in US in next 4 years, says CEO Son after meeting Trump
Trending News
3 weeks, 2 days ago

Softbank to invest $100 bn in US in next 4 years, says CEO Son after meeting Trump

Firstpost  

Following a meeting with US President-elect Donald Trump, Softbank CEO Masayoshi Son pledged to invest $100 billion in the United States in the next four years Japanese internet and telecommunications giant Softbank will invest $100 billion in the United States over the next four years, said CEO Masayoshi Son. After their meeting at Mar-a-Lago, Florida, on Monday, Son and US …

Donald Trump hails $100 billion SoftBank investment in US—AI, jobs, and growth on the horizon
Top News
3 weeks, 3 days ago

Donald Trump hails $100 billion SoftBank investment in US—AI, jobs, and growth on the horizon

Live Mint  

President-elect Donald Trump, joined by SoftBank Group CEO Masayoshi Son, announced on Monday that SoftBank would invest $100 billion in the United States over the next four years. At the announcement event held at Trump’s Mar-a-Lago resort in Palm Beach, Florida, Trump praised Son as a “visionary business leader” and highlighted the investment as a testament to global confidence in …

Trump scores $100 BILLION investment from SoftBank CEO including thousands of AI jobs
3 weeks, 3 days ago

Trump scores $100 BILLION investment from SoftBank CEO including thousands of AI jobs

Daily Mail  

President-elect Donald Trump touted a $100 billion investment from Japanese-based SoftBank Group alongside CEO Masayoshi Son at Mar-a-Lago on Monday. The tech CEO announced the creation of 100,000 U.S. jobs in artificial intelligence and related infrastructure Trump pressured Son during the Mar-a-Lago media frenzy, asking him to commit to doubling his commitment to $200 billion, which he signaled he was …

Trump is to announce $100B SoftBank investment in the US
3 weeks, 3 days ago

Trump is to announce $100B SoftBank investment in the US

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President-elect Donald Trump will join …

SoftBank to invest $100 billion in US projects over next four years—Donald Trump to make historic reveal
3 weeks, 3 days ago

SoftBank to invest $100 billion in US projects over next four years—Donald Trump to make historic reveal

Live Mint  

US President-elect Donald Trump will join SoftBank Group CEO Masayoshi Son at his Florida home on Monday to announce that the company is planning to invest $100 billion in U.S. projects over the next four years. The company's investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia. The announcement will come days after Trump …

Japan’s SoftBank plans to invest $100 billion in US projects over the next four years.
3 weeks, 3 days ago

Japan’s SoftBank plans to invest $100 billion in US projects over the next four years.

Associated Press  

PALM BEACH, Fla. — President-elect Donald Trump joined SoftBank Group CEO Masayoshi Son to announce plans by the Japanese company to invest $100 billion in U.S. projects over the next four years. The president-elect said that since his election, people have expressed interest in “coming in with tremendous amounts of money.” The investments by SoftBank, Trump said, are “a monumental …

Trump, SoftBank CEO to announce $100 billion investment in US
Trending News
3 weeks, 3 days ago

Trump, SoftBank CEO to announce $100 billion investment in US

Live Mint  

PALM BEACH, Fla.—Donald Trump and SoftBank Group CEO Masayoshi Son are set to jointly announce on Monday that the company is planning to invest $100 billion in U.S. projects over the next four years, according to a person involved in the event, as the president-elect seeks to project enthusiasm over his return to power. The $100 billion is double what …

Trump, SoftBank CEO Masayoshi Son announce $100bn US investment
3 weeks, 4 days ago

Trump, SoftBank CEO Masayoshi Son announce $100bn US investment

Al Jazeera  

Son had made a similar pledge in 2016 to spend $50bn over Trump’s four-year term. President-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, has announced that SoftBank will invest $100bn in the United States over the next four years in what would be a boost to the domestic economy. In a joint appearance with Son on …

Trump and SoftBank CEO announce the company will invest $100 billion in US projects
3 weeks, 4 days ago

Trump and SoftBank CEO announce the company will invest $100 billion in US projects

CNN  

CNN — President-elect Donald Trump and SoftBank Group CEO Masayoshi Son announced Monday morning at Mar-a-Lago that the company is expected to invest $100 billion in US projects over the next four years with a goal of creating 100,000 new jobs, according to two people familiar with the announcement. Softbank never made clear how many of the jobs touted in …

SoftBank’s CEO to pledge $100 billion in U.S. investments
3 weeks, 4 days ago

SoftBank’s CEO to pledge $100 billion in U.S. investments

LA Times  

SoftBank Group Corp. Chief Executive Masayoshi Son is set to announce a plan to invest $100 billion in the U.S. over the next four years during a visit with President-elect Donald Trump, according to people familiar with the matter. OpenAI CEO Sam Altman will give $1 million to Trump’s inaugural fund after having previously donated to President Biden’s 2024 reelection …

'This is what I was born to do': Masayoshi Son's SoftBank to invest another $1.5 billion into OpenAI for AI development
1 month, 1 week ago

'This is what I was born to do': Masayoshi Son's SoftBank to invest another $1.5 billion into OpenAI for AI development

Hindustan Times  

SoftBank is planning to buy $1.5 billion worth of OpenAI stock as its CEO Masayoshi Son looks to position the Japanese group as an artificial intelligence leader. SoftBank CEO Masayoshi Son has also publicly expressed admiration for OpenAI co-founder and CEO Sam Altman and said he frequently talks to him Son is doing this with an ambitious AI plan of …

SoftBank Chief Masayoshi Son to meet PM Narendra Modi on November 27: Report
Trending News
1 month, 2 weeks ago

SoftBank Chief Masayoshi Son to meet PM Narendra Modi on November 27: Report

Live Mint  

NEW DELHI -Masayoshi Son, the billionaire founder of Japan's SoftBank Group Corp, will meet Indian Prime Minister Narendra Modi on Wednesday, a source with direct knowledge of the matter told Reuters. While the matter of discussion was not immediately clear, the visit comes as SoftBank eyes more artificial intelligence and technology bets in Asia's third-largest economy. The source added that …

SostBank Vision Fund’s Rajeev Mishra steps down as co-chief of largest-ever VC fund
1 month, 4 weeks ago

SostBank Vision Fund’s Rajeev Mishra steps down as co-chief of largest-ever VC fund

Live Mint  

Rajeev Misra is formally stepping down as co-chief executive officer of SoftBank Group Corp.’s Vision Fund, bringing to a close a tumultuous tenure at the helm of what had been the largest-ever venture capital fund. Misra was instrumental in helping SoftBank founder Masayoshi Son set up the Vision Fund in 2017, helping him raise nearly $100 billion from Saudi Arabia, …

Japan’s SoftBank returns to profit after gains at Vision Fund and other investments
1 month, 4 weeks ago

Japan’s SoftBank returns to profit after gains at Vision Fund and other investments

Associated Press  

TOKYO — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments. Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen, compared with a 931 billion yen loss in the year-earlier period. SoftBank credited income from royalties and licensing related to its …

SoftBank posts $7.7 billion profit on India’s IPO market boom, rebound in tech valuations
1 month, 4 weeks ago

SoftBank posts $7.7 billion profit on India’s IPO market boom, rebound in tech valuations

Live Mint  

SoftBank Group Corp. swung to a quarterly profit on a series of successful Indian listings and a rebound in tech valuations that boosted the Vision Fund portfolio. The Vision Fund reported a gain of ¥373 billion, thanks to strong initial public offerings for Indian startups and valuation gains in Coupang Inc. and Didi Global Inc. A boom in India’s IPO …

Japan's SoftBank reduces its investment losses with gains in Alibaba and other holdings
5 months ago

Japan's SoftBank reduces its investment losses with gains in Alibaba and other holdings

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Tokyo-based SoftBank’s losses totaled 174 billion yen in the …

SoftBank founder Masayoshi Son loses $2.6 billion in two days. Here's why
5 months, 1 week ago

SoftBank founder Masayoshi Son loses $2.6 billion in two days. Here's why

Hindustan Times  

SoftBank founder Masayoshi Son's fortune fell by $2.6 billion owing to a two-day wipeout in shares of the company SoftBank Group Corp owing to Bank of Japan’s earlier-than-expected interest-rate hike. Masayoshi Son is up about $2.7 billion from the $11.3 billion at the starting of the year, as per Bloomberg Billionaires Index. Masayoshi Son, CEO of SoftBank, arrives for the …

Japan’s SoftBank Group trims investment losses but remains in red for fiscal year
7 months, 3 weeks ago

Japan’s SoftBank Group trims investment losses but remains in red for fiscal year

Associated Press  

TOKYO — SoftBank Group trimmed its losses for the fiscal year through March to about a quarter of the red ink it racked up a year earlier, as its investment losses declined, the Japanese technology company said Monday. By quarter, SoftBank Group, which invests in artificial intelligence, robotics, autonomous driving and other technology, recorded its second straight quarterly profit, at …

SoftBank's Masayoshi Son is pivoting to AI and chips: What we know
7 months, 4 weeks ago

SoftBank's Masayoshi Son is pivoting to AI and chips: What we know

Hindustan Times  

SoftBank Group Corp.’s flagship Vision Fund has quietly sold off or written down billions of dollars’ worth of its publicly-listed holdings in recent years, a sign of founder Masayoshi Son’s shift away from the venture capital deals that were once an obsession and toward strategic investments in semiconductors and artificial intelligence. That figure doesn’t include the sale of the Vision …

Japan’s SoftBank Group marks a return to profit as it cuts Vision Fund losses
11 months ago

Japan’s SoftBank Group marks a return to profit as it cuts Vision Fund losses

Associated Press  

TOKYO — Japanese technology conglomerate SoftBank Group returned to profitability in October-December after four straight quarters in the red, the company said Thursday. Tokyo-based SoftBank reported a 950 billion yen, profit for the October-December quarter, a reversal from a 783 billion yen loss in the same period a year earlier. Its 458.7 billion yen loss for April-December was still an …

Japan's SoftBank Group marks a return to profit as it cuts Vision Fund losses
11 months ago

Japan's SoftBank Group marks a return to profit as it cuts Vision Fund losses

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japanese technology conglomerate SoftBank Group …

Japan’s SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour
1 year, 2 months ago

Japan’s SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour

Associated Press  

TOKYO — Japanese technology company SoftBank Group Corp. racked up a huge loss in the July-September quarter as its technology investments, most notably office-sharing company WeWork, went sour. Tokyo-based SoftBank loss totaled 931 billion yen in the last quarter, a reversal from the 3 trillion yen profit it posted in the same period a year earlier. SoftBank’s chief financial officer, …

WeWork's nosedive costs SoftBank billions, damages Masayoshi Son's credibility
1 year, 2 months ago

WeWork's nosedive costs SoftBank billions, damages Masayoshi Son's credibility

Hindustan Times  

WeWork Inc.’s bankruptcy filing caps a years-long saga that revealed breathtaking flaws in the investment style of Japanese billionaire Masayoshi Son, damaging his professional reputation far beyond the money he lost. Son overrode his lieutenants’ objections and handed WeWork founder Adam Neumann billions of dollars from both SoftBank Group Corp. and the Vision Fund, lifting the co-working office space’s valuation …

SoftBank’s Vision Fund to Start Job Cuts as Soon as This Week
1 year, 6 months ago

SoftBank’s Vision Fund to Start Job Cuts as Soon as This Week

Live Mint  

SoftBank Group Corp.’s Vision Fund is preparing to start another round of layoffs as soon as this week, following an approximate 30% reduction last fiscal year, according to people familiar with the matter. SoftBank last year reduced the number of its Vision Fund by about 30% from about 500 people as the investor drastically cut back on the number of …

SoftBank loses nearly $6 billion in quarter as investments suffer
1 year, 11 months ago

SoftBank loses nearly $6 billion in quarter as investments suffer

Live Mint  

TOKYO : SoftBank Group Corp.’s technology investment vehicles posted a loss of nearly $6 billion in the latest quarter, leading the company to reiterate its conservative approach. After posting a record loss equivalent to more than $20 billion in the April-to-June quarter, it reported an equally large profit in the quarter ending in September thanks to profits from unwinding its …

FTX Woes Continue As SoftBank Writes Off $100-Million Investment In Bankrupt Firm
2 years, 1 month ago

FTX Woes Continue As SoftBank Writes Off $100-Million Investment In Bankrupt Firm

ABP News  

San Francisco: Beleaguered Japanese investment firm SoftBank has reportedly written off about $100 million it invested as part of its Vision Fund 2 in now bankrupt crypto exchange FTX. SoftBank has now disclosed a $100 million venture capital investment in crypto broker FTX. Softbank CFO Yoshimitsu Goto was quoted as saying that the $100-million Vision Fund invested in FTX "as …

SoftBank vision fund loses $7.2 billion on tech writedowns
2 years, 1 month ago

SoftBank vision fund loses $7.2 billion on tech writedowns

Live Mint  

SoftBank Group Corp.’s core Vision Fund arm posted a $7.2 billion quarterly loss as plunging startup valuations continue to hammer the company’s financial performance and forces it slow investments. Of those, China’s SenseTime Group Inc. accounted for 364 billion yen, while US food delivery firm Doordash Inc. accounted for 225 billion yen and Indonesian ride-hailing and e-commerce firm GoTo Group …

SoftBank faces tech stock weakness at Q2 earnings
2 years, 2 months ago

SoftBank faces tech stock weakness at Q2 earnings

The Hindu  

SoftBank Group Corp. is expected to face further weakness in tech stocks when it reports second-quarter earnings on Friday, after two brutal quarters that have shaken Masayoshi Son's tech conglomerate. SoftBank's portfolio also remains exposed to China, with companies including ride-hailer Didi falling further during the second quarter. Although SoftBank briefings are centred on Son's presentations, which employ imagery such …

SoftBank plans $35 mln bet on India's GoMechanic, sources
2 years, 4 months ago

SoftBank plans $35 mln bet on India's GoMechanic, sources

The Hindu  

SoftBank has for years been a prominent backer of Indian startups, investing close to $4 billion last year alone, according to data from Venture Intelligence. Last month, its boss Masayoshi Son said SoftBank would invest much less this year than in 2021, following a record $26.2 billion quarterly loss at its Vision Fund on falling tech valuations. Vision Fund's early-stage …

Japan tech giant SoftBank posts $23 billion quarterly loss
2 years, 5 months ago

Japan tech giant SoftBank posts $23 billion quarterly loss

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japanese technology company SoftBank Group …

SoftBank Emerges as a Big Loser of the Tech Downturn. Again
2 years, 5 months ago

SoftBank Emerges as a Big Loser of the Tech Downturn. Again

Live Mint  

Early last year, Masayoshi Son addressed his staff on a video call. Son and his team plowed $38 billion from SoftBank’s latest giant fund into 183 companies last year, according to SoftBank’s filings. “When he believes something is the future he will literally take everything he has and bet it on that," said Gary Rieschel, who helped lead Mr. Son’s …

SoftBank reports record $27.5 billion loss on crashing tech stocks
2 years, 7 months ago

SoftBank reports record $27.5 billion loss on crashing tech stocks

CNN  

Hong Kong CNN Business — SoftBank’s mega tech funds lost more than $27 billion in the last fiscal year, by far their worst performance on record. SoftBank’s portfolio companies include South Korean e-commerce firm Coupang and Southeast Asian ride-hailing startup Grab, which both went public in record-breaking offerings on Wall Street last year. Son also said that the company had …

China’s tech crackdown hit SoftBank like a blizzard. Masa Son turns to Paytm
3 years, 2 months ago

China’s tech crackdown hit SoftBank like a blizzard. Masa Son turns to Paytm

CNN  

New Delhi CNN Business — SoftBank is stuck in a “big winter snowstorm,” founder and CEO Masayoshi Son said Monday, after a sweeping tech crackdown in China battered some of the Japanese company’s key investments. Son said that the company’s net asset value — which he says is a better indication of the firm’s performance — fell by 6 trillion …

SoftBank CEO Masayoshi Son went big on China. Now he’s pulling back
3 years, 5 months ago

SoftBank CEO Masayoshi Son went big on China. Now he’s pulling back

CNN  

Hong Kong CNN Business — SoftBank CEO Masayoshi Son is cutting back on new investments in China as the country’s private sector continues to face a historic regulatory crackdown. Taking questions from reporters,Son acknowledged that the company was “facing tough challenges when it comes to investments in China.” “That’s true,” he said. Son did not comment on Didi specifically during …

SoftBank in talks to invest in PharmEasy parent API Holdings
3 years, 6 months ago

SoftBank in talks to invest in PharmEasy parent API Holdings

Hindustan Times  

SoftBank Group Corp. is in discussions to invest in API Holdings Pvt, which owns India’s largest online pharmacy chain PharmEasy, according to people familiar with the matter. API is seeking a valuation of at least $5.6 billion in a new funding round, said one of the people, who asked not to be identified as the information is private. SoftBank could …

‘SoftBank could invest over $4 billion in India’
3 years, 7 months ago

‘SoftBank could invest over $4 billion in India’

Hindustan Times  

Masayoshi Son-led SoftBank Group Corp. could put more than $4 billion to work in India in 2021 across myriad technology bets, including software as a service, B2B marketplaces, e-commerce, health-tech and ed-tech. The investments will come from the Japanese company’s Vision Fund 2, which has an investment outlay of up to $30 billion for the current calendar year. We anticipate …

SoftBank looks to invest $700 million in Flipkart
3 years, 7 months ago

SoftBank looks to invest $700 million in Flipkart

Hindustan Times  

SoftBank Group Corp. is in talks with Flipkart to invest $700 million in the internet retailer, three years after it sold its entire stake in the company to Walmart Inc., two people aware of the development said. The proposed investment in Flipkart from SoftBank’s Vision Fund 2 is part of a $1.2-1.5 billion funding round, the people said on condition …

Interview: Softbank Vision Fund CEO Rajeev Misra on what’s in store for India
3 years, 7 months ago

Interview: Softbank Vision Fund CEO Rajeev Misra on what’s in store for India

Live Mint  

NEW DELHI : Masayoshi Son -led SoftBank Group Corp. could put more than $4 billion to work in India in 2021 across myriad technology bets, including software as a service, B2B marketplaces, e-commerce, health-tech and ed-tech. We anticipate investing a similar size in the remainder of this year," SoftBank Vision Fund CEO Rajeev Misra said in an interview from London. …

Japan’s SoftBank back in the black as investments improve
4 years, 2 months ago

Japan’s SoftBank back in the black as investments improve

The Hindu  

Japanese technology company SoftBank Group Corp. said Monday it restored its profitability in the last quarter as its investments improved in value. SoftBank said its quarterly sales rose nearly 5% to 1.35 trillion yen, or $ 13 billion, from 1.29 trillion yen. SoftBank, which invests in an array of companies, has sold U.S. carrier Sprint, as well as British IoT …

SoftBank resumes buybacks with modest $380 million in September
4 years, 2 months ago

SoftBank resumes buybacks with modest $380 million in September

Live Mint  

SoftBank Group Corp. resumed buying back shares in September, shelling out ¥40.1 billion after suspending in August a multi-billion-dollar program that’s proven instrumental in buoying the stock. Masayoshi Son’s conglomerate bought back 6.17 million shares last month, it said in a filing Wednesday, part of a now half-completed 2.5 trillion yen buyback program. The Japanese company resumed buying on Sept. …

‘Not even a dolphin, forget being a whale,’ Softbank exec says
4 years, 2 months ago

‘Not even a dolphin, forget being a whale,’ Softbank exec says

Live Mint  

SoftBank Group Corp.’s Rajeev Misra disputed reports the Japanese company had pumped up tech stocks through its options trading, saying no single investor has that kind of influence on the markets. “We’re not even a dolphin, forget being a whale.” The Milken panel involved a broad discussion of capital markets with top executives from Guggenheim Partners and Bank of New …

SoftBank Takes $10 Billion Hit after Being Unmasked as Nasdaq 'Whale'
4 years, 4 months ago

SoftBank Takes $10 Billion Hit after Being Unmasked as Nasdaq 'Whale'

News 18  

Shares in SoftBank retreated again on Tuesday, bringing losses in Japan to 7.7% over two days following reports that the conglomerate had been making huge and risky bets on tech stocks. SoftBank bought $4 billion worth of options tied to underlying shares it had earlier purchased in tech firms like Amazon, Microsoft and Netflix, according to the Wall Street Journal. …

Japan tech giant SoftBank’s profits rise on investments
4 years, 4 months ago

Japan tech giant SoftBank’s profits rise on investments

Associated Press  

TOKYO — Japanese technology giant SoftBank Group Corp.'s said Tuesday that its profit rose 12% in April-June from a year earlier as its investments added to its coffers, including sales of its shares in U.S. carrier T-Mobile. Tokyo-based SoftBank reported Tuesday a fiscal first quarter profit of 1.2 trillion yen, up from 1.1 trillion yen in the previous fiscal year. …

SoftBank doubled pay for Vision Fund boss as company posted record loss
4 years, 7 months ago

SoftBank doubled pay for Vision Fund boss as company posted record loss

CNN  

Hong Kong CNN Business — SoftBank’s Vision Fund chief Rajeev Misra got a huge pay bump even as the big tech fund dragged the Japanese company down to historic losses. Misra earned 1.61 billion yen in total compensation for the fiscal year that ended in March, more than double his pay a year earlier, SoftBank said in a regulatory filing …

SoftBank warns of even steeper losses as it takes a $6.6 billion hit on WeWork
4 years, 8 months ago

SoftBank warns of even steeper losses as it takes a $6.6 billion hit on WeWork

CNN  

Tokyo CNN Business — SoftBank is warning that it will fall deeper into the red, just two weeks after it shocked investors by forecasting a record annual loss. The firm said it expects to lose 700 billion yen on a portion of its investment in the troubled coworking provider WeWork that it holds outside of its $100 billion Vision Fund. …

SoftBank warns of huge losses as Vision Fund value collapses
4 years, 8 months ago

SoftBank warns of huge losses as Vision Fund value collapses

CNN  

London CNN Business — SoftBank warned Monday that it expected to post its first operating loss in 15 years because of a collapse in the value of its flagship tech investments. The Vision Fund is expected to report losses amounting to 1.8 trillion yen due to “the deteriorating market environment,” the company said in a statement. Big losses on other …

WeWork sues SoftBank for bailing on $3 billion share buyout agreed to in October
4 years, 9 months ago

WeWork sues SoftBank for bailing on $3 billion share buyout agreed to in October

CNN  

Hong Kong CNN Business — WeWork is suing SoftBank for abandoning a $3 billion share buyoutand accusing the Japanese company of inventing reasons to back out of the plan, as financial pressure mounts and the Covid-19 pandemic worsens. In a lawsuit filed in the Delaware Court of Chancery on Tuesday, the special committee of WeWork’s board said SoftBank and CEO …

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