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Softbank

SoftBank

Eyes turn to SoftBank CEO after US$27 billion loss in its Vision Fund

SoftBank reported its highest-ever annual loss at its Vision Fund investment arm, which lost around 3.5 trillion yen (US$27 billion) net on investments for the year that ended in March. A lot of these losses happened because of investments in tech companies that have had massive value drops

masayoshi son education softbank alibaba

In search for their next Alibaba, SoftBank has been making major moves this year

Back in May of this year, Masayoshi Son boasted of backing 60 companies in three months while also giving out an average of US$210 million a week between January and March. Who is Softbank? * Softbank Group Corp. is one of the largest investment firms in the world founded 39

SoftBank CEO wants his company to go private. Insiders aren’t so sure

SoftBank CEO wants his company to go private. Insiders aren’t so sure

Son is reportedly looking to continue selling assets in order to fund a buyback of shares held in the company, until SoftBank can make the return to being privately-held. Japanese investment giant Softbank Group Corp. could be taking a radical turn and going private. At least, according to the alleged

Masayoshi Son: How does the coronavirus impact the billionaire’s 300-year plan?

Masayoshi Son: How does the coronavirus impact the billionaire’s 300-year plan?

Masayoshi Son, the founder and chief executive officer of SoftBank Group Corp., the Japanese telecom and investment giant, has long attracted attention due to his enigmatic personality and bold investments, supposedly based on his “300-year plan” for the company and the future of humanity. Recent difficulties surrounding some of SoftBank’

Jack Ma quits SoftBank board amid record losses

Jack Ma quits SoftBank board amid record losses

SoftBank Group announced on Monday that Alibaba co-founder Jack Ma has resigned from the Japanese conglomerate’s board, having served as a director for 13 years. The announcement was made a few hours before SoftBank reported its largest ever annual loss, of 1.36 trillion yen (US$12.7 billion)

WeWorks

Adam Neumann sues SoftBank Group

In a lawsuit filed on Monday, May 4, and announced by WeWork – an American commercial real estate company that provides shared workspaces for companies – on Tuesday, company cofounder Adam Neumann alleged that the investment company and Japanese conglomerate SoftBank breached its contract and fiduciary duty by withdrawing a US$3

SoftBank cancels deal to buy US$3 billion in WeWork shares

SoftBank cancels deal to buy US$3 billion in WeWork shares

SoftBank, the Japanese conglomerate run by Japanese billionaire Masayoshi Son, announced on April 2 that it was pulling out of a deal to buy US$3 billion worth of WeWork shares, including almost US$1 billion worth of shares owned by WeWork’s founder and former chief executive Adam Neumann.