Inside the baffling world of Masayoshi Son's presentations
Son is closely involved in making the slides. He has a team of about a half a dozen up-and-coming SoftBank employees in their late 20s and early 30s responsible for drafting the presentations.
New woes for SoftBank's Son: Wirecard may go the WeWork way
As Wirecard drama unfolds, it may well turn into this year's WeWork, another PR d...
SoftBank CEO defends Vision Fund chief Rajeev Misra, after losses, controversy
The Vision Fund lost almost $18 billion in the fiscal year end...
SoftBank to expand Vision Fund cuts to as many as 80 workers
SoftBank’s businesses were battered early this year with the coronavirus outbreak and its stock tumbled.
SoftBank’s Masayoshi Son and Alibaba’s Jack Ma part ways
While the departures are unlikely to have an impact on either company, they mark the end of an era.
SoftBank’s Son offers mea culpa after Jesus comment backfires
SoftBank shares reached their highest level in two decades in April 2019, but then plunged by the most on record this March as the coronavirus slammed the company and its startups. Now Son is racing to stabilize his company for the challenges ahead.
WeWork wants a rent break. Its customers do, too
The pandemic may have undermined its business model, which rested on putting lots of people into communal spaces. Customers may shun highly trafficked offices and, after working from home for weeks, may decide they can keep doing so at least until the economy and their fortunes recover.
SoftBank Vision Fund posts record $17.7 billion loss on Oyo, WeWork and Uber
SoftBank lost $17.7 billion last fiscal year after writing down the value of investments.
SoftBank doubles buyback plans while Jack Ma leaves board
That first buyback, announced in mid-March, initially failed to lift SoftBank’s stock amid concerns the conglomerate’s portfolio of startups is vulnerable to the economic shock from the coronavirus pandemic.
SoftBank has spent $2.3 billion to buy own shares since March
The Tokyo-based company, led by founder Masayoshi Son, has said it expects to book a record 1.35 trillion yen operating loss for the year ended March 31 when it reports financial results Monday.
SoftBank founder Masayoshi Son has now pledged 60% of shares as collateral
The development comes at a time when SoftBank is struggling to raise new capital for the second edition of the $100 billion Vision Fund amid a bunch of its portfolio startups struggling to survive since the WeWork debacle last year.
SoftBank to write down WeWork by $6.6 bln, compounding portfolio misery
SoftBank is embroiled in a legal dispute with directors at WeWork after backing out of a $3 billion tender offer agreed when it bailed out the office-sharing firm following a flopped IPO attempt last year.
Amid turmoil at SoftBank, its Vision Fund scouts for secondary deals in India
Rajeev Misra, who oversees the Vision Fund as its CEO, said the firm has $13 billion in unspent capital which they are in talks to deploy in India, and globally, amid doubts about the group’s ability to plough new funds in companies.
View: The rise & hard fall of SoftBank
Son was the only bid in town for most young start-up founders. But with snowballing setbacks, that bid is gone.
From Oyo to WeWork, Son's growth at any cost strategy cost him $17 billion
SoftBank said it expects to record an investment loss of 1.8 tn yen at Vision Fund for the year ended March 31.
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