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SoftBank Vision Fund head's pay doubled last year despite massive losses

Finance

01 June, 2020

SoftBank Vision Fund head's pay doubled last year despite massive losses

SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to 1.6 ......

WeWork India lays off 20% of workforce as virus lockdowns weigh

Infrastructure

19 May, 2020

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 ......

SoftBank Vision Fund tumbles to $18 bn loss in ‘valley of coronavirus'

Finance

18 May, 2020

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 ......

WeWork co-founder Neumann sues SoftBank over failed tender offer

TMT

05 May, 2020

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 ......

SoftBank writes down WeWork by $6.6 bn, compounding portfolio misery

TMT

30 April, 2020

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 ......

For SoftBank's Masayoshi Son, coronavirus turns vision to illusion

Finance

23 April, 2020

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 ......

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 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 ......