SoftBank CEO defends Vision Fund chief Rajeev Misra, after losses, controversy
The Vision Fund lost almost $18 billion in the fiscal year ended March 31, as it wrote down the value of investments in WeWork and Uber Technologies Inc., among others.
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 doze...
SoftBank-backed ride-hailing firm Grab set to announce layoffs
The ride-hailing industry has been battered by the pandemic, with firms from U...
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’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.
Expecting a recovery starting in the next quarter, says Oyo's Rohit Kapoor
Kapoor said the company is currently offering about 50 hotels for healthcare professionals while a dozen are for quarantining asymptomatic people.
Founder who turned down SoftBank set to become billionaire
Optim's founder had been offered a juicy deal by Masayoshi Son himself, which he turned down.
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 disaster for Son.
Grofers is in talks to raise $60-70 million
The funding comes at a time when the company’s sales and margins have doubled, compared to the same period last year.
WeWork directors sue SoftBank over decision to abandon deal
In a message to shareholders last month, SoftBank cited nearly a half-dozen conditions that WeWork officials hadn’t met as the basis for pulling out of purchase, including its failure to renegotiate some leases in the wake of the economic havoc caused by the Covid-19 pandemic.
SoftBank-backed Oyo to offload more loss-making hotels amid pandemic: Sources
The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt.
SoftBank’s Masa-Misra partnership strained by losses, infighting
Misra is at the heart of the problem in ways that go beyond how the fund’s companies are performing.
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.
Oyo sends letter to staff stating it's making all employees shareholders
In April, Oyo announced pay cuts and 'leave with limited benefits' options for its staff in India.
Implosion of high-flying billionaire trio shows pledging risks
Pledging is big in Asia, where state-owned banks dominate financial markets and high-growth companies are more common. Tycoons in China and India often turn to lenders and other financial-services firms that offer cash in exchange for committed shares.
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