SoftBank takes $9 billion hit from Uber, WeWork and other tech investments
5 years, 2 months ago

SoftBank takes $9 billion hit from Uber, WeWork and other tech investments

CNN  

Hong Kong CNN Business — Some of Masayoshi Son’s biggest tech bets are leading to multibillion dollar losses. SoftBank on Wednesday reported an operating loss for the most recent quarter of 970.3 billion yen on its mega tech funds including the Vision Fund, which holds investments in Uber, WeWork, Slack and other major startups. The group reported losses of 704 billion yen for the three months that ended in September, far worse than the 48.1 billion yen analysts polled by data provider Refinitiv had expected. Office messaging platform Slack, precision cancer medicine company Guardant Health and several other publicly traded companies in the Vision Fund portfolio also saw their stock values decline last quarter. SoftBank’s rescue package valued WeWork at about $8 billion — less than half the total amount of money SoftBank and the Vision Fund have poured into the company.

Company Billion Quarter Uber Losses Softbank Wework Vision Fund  investments  reported  takes  uber  softbank  quarter  vision  fund  company  hit  wework  losses  billion  tech  yen

History of this topic

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 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 …

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 …

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 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 …

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. …

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 …

WeWork founder Adam Neumann loses out as SoftBank scraps share buyout
4 years, 9 months ago

WeWork founder Adam Neumann loses out as SoftBank scraps share buyout

CNN  

Hong Kong CNN Business — SoftBank is walking away from a sizeable chunk of its WeWork rescue package, which included a near billion dollar windfall for ousted founder Adam Neumann. The about face cuts deep for Neumann — the October agreement had included an offer to buy up to $975 million worth of the WeWork founder’s shares —and is further …

SoftBank stock has best day in 12 years after unveiling huge buyback plan
4 years, 9 months ago

SoftBank stock has best day in 12 years after unveiling huge buyback plan

CNN  

Hong Kong CNN Business — SoftBank announced a mammoth plan Monday to sell $41 billion worth of assets, buy back shares and shore up its finances, giving the company’s stock its best day in more than a decade. The plan involves selling or liquidating up to 4.5 trillion Japanese yen worth of holdings, which the Japanese tech group says will …

SoftBank threatens to unravel $3-billion WeWork stock deal
4 years, 9 months ago

SoftBank threatens to unravel $3-billion WeWork stock deal

LA Times  

A delay or cancellation of SoftBank’s offer to buy stock in WeWork would cut off a source of income many former and current WeWork employees had been counting on. The WeWork stock purchase was part of a rescue financing from SoftBank after WeWork’s failed initial public offering last year. A delay or cancellation of the offer to buy stock would …

These startups raised billions and then laid off thousands. Workers are shocked and frustrated
4 years, 10 months ago

These startups raised billions and then laid off thousands. Workers are shocked and frustrated

CNN  

New York CNN Business — Just a few months ago, discount hotel chain OYO seemed unstoppable. The goal, according to a memo at the time that Fair.com directed CNN Business to from its then-CEO, was to “be a smaller team, focused on doing fewer things well.” One laid off Canvas-turned Fair employee said it was “a rollercoaster.” Meanwhile, Wag, a …

SoftBank’s Masayoshi Son considers new type of fund for startup investing
4 years, 10 months ago

SoftBank’s Masayoshi Son considers new type of fund for startup investing

Live Mint  

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. “So before we officially launch SoftBank Vision Fund 2, maybe we start from a smaller scale and start from a shorter period in terms of investment as …

SoftBank’s profit drop amid WeWork worries, Sprint approval
4 years, 10 months ago

SoftBank’s profit drop amid WeWork worries, Sprint approval

Associated Press  

TOKYO — Japanese technology conglomerate SoftBank Group Corp. said its profit for the last quarter dropped amid worries about the perceived risk of its investments into companies like WeWork. Tokyo-based SoftBank said Wednesday its profit for the October-December quarter stood at 55 billion yen, down to less than a tenth of the 698 billion it earned over the three months …

Vision Fund losses drag down SoftBank profits by 99%
4 years, 10 months ago

Vision Fund losses drag down SoftBank profits by 99%

CNN  

Hong Kong CNN Business — SoftBank profits have been almost entirely wiped out, as the company continues to feel the pain from big losses in its massive tech fund. SoftBank founder and CEO Masayoshi Son’s closely watched $100 billion Vision Fund was the biggest driver of those losses. But WeWork’s failed IPO and Uber’s declining share price “have caused concern …

SoftBank Vision Fund bets sour and key staff are leaving, upping the scrutiny on Masayoshi Son
4 years, 10 months ago

SoftBank Vision Fund bets sour and key staff are leaving, upping the scrutiny on Masayoshi Son

CNN  

Hong Kong CNN Business — SoftBank founder and CEO Masayoshi Son wants to shape the future of technology for centuries to come, but that bold dream may be fading as his Vision Fund stumbles and investors press for much more focus on the present. The Financial Times reported last week that top US executive Michael Ronen was leaving the Vision …

SoftBank stock jumps nearly 12% after US judge approves T-Mobile-Sprint merger
4 years, 10 months ago

SoftBank stock jumps nearly 12% after US judge approves T-Mobile-Sprint merger

CNN  

Hong Kong CNN Business — A massive bet on Sprint is finally paying off for Masayoshi Son. Shares in his company SoftBank rallied on Wednesday, after a US court approved the $26 billion merger between T-Mobile and Sprint, the carrier SoftBank acquired nearly a decade ago. SoftBank stock closed up nearly 12% ahead of its quarterly earnings Wednesday in Tokyo. …

SoftBank’s big bets have backfired. Now it’s under scrutiny from a legendary activist investor
4 years, 11 months ago

SoftBank’s big bets have backfired. Now it’s under scrutiny from a legendary activist investor

CNN  

New York CNN Business — SoftBank is under pressure from a legendary activist investor after a series of bets on money-losing startups backfired on the Japanese tech giant. New York-based Elliott Management revealed Thursday it has built a “substantial” stake in SoftBank, the firm run by billionaire Masa Son known for its $100 billion Vision Fund. Elliott, one of the …

Oyo is firing thousands of staff across China and India, cites non-performance
4 years, 11 months ago

Oyo is firing thousands of staff across China and India, cites non-performance

Live Mint  

Oyo Hotels is firing thousands of staff across China and India, people familiar with the matter said, adding to growing signs of trouble at one of the largest startups in SoftBank Group Corp.’s portfolio. Oyo’s downsizing is another setback for Masayoshi Son‘s SoftBank, whose portfolio has been buffeted by recent trouble at WeWork and slumping share prices at Slack Technologies …

Softbank’s Masayoshi Son, tech visionary or robber baron?
5 years ago

Softbank’s Masayoshi Son, tech visionary or robber baron?

Live Mint  

This is the year that brought a $100 billion venture capitalist to his knees. In January, SoftBank Group Corp.’s Masayoshi Son was riding high, writing billion-dollar checks to unicorns from office-sharing startup WeWork to autonomous-delivery vehicle designer Nuro. Over the past three years, Son has deployed his giant war chest aggressively, threatening to back a startup’s rival if founders refuse …

SoftBank’s troubles don’t end with Wag. Here are 5 more Vision Fund investments to watch closely
5 years ago

SoftBank’s troubles don’t end with Wag. Here are 5 more Vision Fund investments to watch closely

CNN  

Hong Kong CNN Business — SoftBank’s decision to abandon its $300 million investment in dog-walking startup Wag has raised more questions about the strategy of its mega tech fund. The Vision Fund also has stakes in ride-hailing startups Didi, Grab and Ola, all of which “will likely face similar issues as Uber, with their economics likely remaining challenged until robo-taxis …

SoftBank gives up on dog-walking startup Wag after investing $300 million
5 years, 1 month ago

SoftBank gives up on dog-walking startup Wag after investing $300 million

CNN  

CNN — SoftBank raised eyebrows nearly two years ago when it pumped a staggering $300 million into a dog-walking startup called Wag. New Wag CEO Garrett Smallwood informed staffers on Monday that the company was “amicably parting ways with SoftBank,” according to the email obtained by CNN Business. For SoftBank, the failed Wag investment is just the latest shadow cast …

Committed to India in the long term, says SoftBank’s India head Sumer Juneja
5 years, 1 month ago

Committed to India in the long term, says SoftBank’s India head Sumer Juneja

Firstpost  

Masayoshi Son, CEO and Founder of SoftBank, during his India visit, said that he wants to bet on the future. We have an optimistic outlook, a fundamental belief in the country’s potential and remain committed to India in the long term,” Sumer Juneja, Partner and Head of India, SoftBank Investment Advisers, told Tech2. “SoftBank’s other investments in India might come …

Global setbacks put SoftBank’s investment plans in India at risk
5 years, 2 months ago

Global setbacks put SoftBank’s investment plans in India at risk

Live Mint  

Mumbai: SoftBank Group’s large-ticket investments in India face an uncertain future as the Japanese conglomerate struggles with setbacks in its marquee investments of WeWork and Uber, raising questions on the completion of its second Vision Fund of $100 billion. Four people directly aware of ongoing discussions between SoftBank and Indian startups said the investor has been mulling two deals for …

SoftBank’s Masayoshi Son defiant as WeWork triggers $6.5 billion loss
5 years, 2 months ago

SoftBank’s Masayoshi Son defiant as WeWork triggers $6.5 billion loss

Live Mint  

Masayoshi Son struck a defiant tone after his SoftBank Group Corp. reported an enormous loss from investments in money-losing startups WeWork and Uber Technologies Inc. “But let me explain the facts.” SoftBank recorded an operating loss of ¥704.4 billion after writedowns in WeWork and other investments, the Japanese company’s first such loss in 14 years. “It’s red all over.” The …

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