Tag: SoftBank

WeWork accepts SoftBank bailout plan valuing WeWork at $8bn

About $1.7 billion will go to Neumann, who will step down from the board of directors. The deal values WeWork at about $8 billion,...

Softbank names Ralf Wenzel to oversee joint ventures in Latin America

Softbank said in a statement the group wanted to create 50 partnerships in five years, helping companies in the group's Vision Fund expand in...

SoftBank woes give tech funding rivals more space

SoftBank put $7.6bn into ride-hailing firm Uber Technologies and about $11bn into office sublessor WeWork. Blackstone is one of few investors that could write...

SoftBank convertible note helped cut WeWork losses

NEW YORK: Investors may be stumped by some of the finances WeWork owner We Company unveiled this week in its filing to go public, in...

SoftBank Group triples net profit in first quarter

TOKYO: Japan's SoftBank Group said Wednesday its first-quarter net profit more than tripled thanks to exceptional gains related to the sale of shares in Chinese...

SoftBank Corp Q1 profit climbs 4% as mobile user numbers grow

TOKYO: Japanese telco SoftBank Corp  said on Monday its operating profit in the quarter ended June rose 4%, in line with estimates, as the number...

SoftBank to pump second Vision Fund with proceeds from the first -source

TOKYO: SoftBank Group Corp plans to use proceeds from its first Vision Fund to bankroll the $38 billion it has committed to the second, a...

SoftBank Group’s $108bn Vision Fund 2 draws in Microsoft, Apple

TOKYO: SoftBank Group Corp has secured pledges from Microsoft Corp and other investors of around $108 billion for a second Vision Fund aimed at investing...

SoftBank unveils investment fund to drive ‘AI revolution’

TOKYO: Japan's SoftBank Group said Friday it would partner with tech firms including Apple and Microsoft in a new $108-billion investment fund to accelerate the...

SoftBank raises $270 mn via Seoul unit for early-stage investments

TOKYO: SoftBank Group Corp said on Friday its Seoul-based venture capital unit focusing on early-stage investments has raised a 317 billion won ($270 million) fund. SoftBank...