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SoftBank Vision Fund

Fading Vision Fund to tip SoftBank into first loss in 15 years

Finance

14 April, 2020

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 ......

WeWork sues SoftBank for dropping $3 bn tender offer

Infrastructure

08 April, 2020

WeWork sues SoftBank for dropping $3 bn tender offer

A WeWork board committee that negotiated a $3 billion tender offer with SoftBank Group sued the Japanese conglomerate on Tuesday ......

SoftBank scraps $3 bn deal for additional WeWork shares

Infrastructure

02 April, 2020

SoftBank scraps $3 bn deal for additional WeWork shares

Japan's SoftBank Group Corp will not complete a $3 billion tender offer for additional WeWork shares agreed last year with ......

SoftBank-backed Oyo sees signs of recovery in China after coronavirus outbreak

TMT

26 March, 2020

SoftBank-backed Oyo sees signs of recovery in China after coronavirus outbreak

Oyo Hotels and Homes has started to see a recovery in bookings in China, its second-largest market, as the coronavirus ......

SoftBank to sell up to $41 bn assets to fund share buyback, cut debt

Finance

23 March, 2020

SoftBank to sell up to $41 bn assets to fund share buyback, cut debt

SoftBank Group Corp said on Monday it is selling or monetising up to 4.5 trillion yen ($41 billion) in assets ......

Grapevine: BigBasket eyes Milkbasket, DailyNinja; SoftBank seeks $10 bn for Vision Fund

General

20 March, 2020

Grapevine: BigBasket eyes Milkbasket, DailyNinja; SoftBank seeks $10 bn for Vision Fund

Online grocery major BigBasket is in talks to acquire micro-delivery startup Milkbasket and hyperlocal delivery startup DailyNinja, a media report ......

SoftBank Group's shares slump on scepticism over startup bets

TMT

18 March, 2020

SoftBank Group's shares slump on scepticism over startup bets

SoftBank Group Corp shares fell as much as 11.6% on Wednesday, with its market capitalisation dipping below the value of ......

SoftBank's Masayoshi Son vows to be more careful after WeWork, other bets sour

Finance

03 March, 2020

SoftBank's Masayoshi Son vows to be more careful after WeWork, other bets sour

SoftBank Group Corp Chief Executive Masayoshi Son, under pressure from hedge fund Elliott Management to rein in his mercurial investment ......

WeWork names former EY exec Shyam Gidumal new COO

People

20 February, 2020

WeWork names former EY exec Shyam Gidumal new COO

Office-sharing startup WeWork on Thursday named a former Ernst & Young executive, Shyam Gidumal, as its new chief operating officer, ......

SoftBank spends $2.5 bn to get second Vision Fund off the ground

Finance

19 February, 2020

SoftBank spends $2.5 bn to get second Vision Fund off the ground

SoftBank Group Corp has pumped $2.5 billion of its own cash into new investments since October, people familiar with the ......