SoftBank Group Corp
Infrastructure
WeWork India lays off 20% of workforce as virus lockdowns weigh
WeWork’s India franchise said on Tuesday it laid off 100 employees, or 20% of its workforce, as the office-sharing startup ......
Finance
SoftBank Vision Fund tumbles to $18 bn loss in ‘valley of coronavirus'
Japan's SoftBank Group Corp reported a stunning $18 billion loss at its giant Vision Fund, pushing Masayoshi Son's conglomerate to ......
TMT
WeWork co-founder Neumann sues SoftBank over failed tender offer
WeWork co-founder Adam Neumann filed a lawsuit against Japan's SoftBank Group Corp and its Vision Fund on Monday for terminating ......
TMT
SoftBank-backed Oyo to offload more loss-making hotels amid pandemic
India’s Oyo Hotels and Homes, backed by SoftBank Group, plans to offload more properties around the world, three sources familiar ......
TMT
SoftBank writes down WeWork by $6.6 bn, compounding portfolio misery
SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March ......
TMT
Facebook-Jio deal portends a bruising time for SoftBank-backed Paytm
Facebook's $5.7 billion investment in Reliance promises to be the biggest headache yet for Paytm, a SoftBank-backed pioneer in India's ......
Finance
For SoftBank's Masayoshi Son, coronavirus turns vision to illusion
SoftBank Group Corp founder Masayoshi Son's dream of a global tech empire is unravelling, with the coronavirus crisis compounding losses ......
TMT
Softbank-backed OYO to cut pay of all employees in India
Softbank Group-backed OYO Hotels and Homes has cut the salaries of all employees by 25% for four months starting April ......
Finance
Fading Vision Fund to tip SoftBank into first loss in 15 years
SoftBank expects its $100 billion Vision Fund to book a loss of 1.8 trillion yen due to the worsening performance ......
TMT
SoftBank-backed Oyo furloughs some US workers as coronavirus hits revenue
SoftBank-backed Oyo Hotels and Homes is furloughing some employees to cut costs, it said on Wednesday, as lower travel due ......
