Alibaba Founder Jack Ma Resign from Softbank board
Alibaba co-founder Jack Ma will resign from Softbank board after giving 13 years of services.
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SoftBank Group Forecasts USD 7bn Net Loss in 2019 Financial Year
SoftBank Group forecast a USD 7-billion net loss for the year ended March amid coronavirus impact.
SoftBank CEO Son says will supply 300 million masks per month to Japan
SoftBank CEO Masayoshi Son said he has secured a monthly supply of 300 million face masks for Japan.
WeWork sues SoftBank for backing out of $3 billion Investment deal
WeWork sued SoftBank after the Japanese investment group announced backing out of a USD 3 billion investment deal.
WeWork troubles deepen as SoftBank pulls its $3 billion tender offer
SoftBank has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders.
WeWork Raises Funding from SoftBank Group
WeWork and Softbank reached to an agreement where softbank will provide additional funding to Wework.
Softbank could take control of WeWork
Softbank could take control of WeWork as part of a financial package to address the company’s cash crunch.
SoftBank Turns against WeWork’s parent CEO Neumann
Japanese VC firm Softbank a leading investor in Coworking startup WeWork decided to act against company’s CEO Adam Neumann after company postponed its initial public offering.
Energy Vault Raises $110 Million From Softbank Vision Fund
Switzerland based renewable energy organization Energy Vault raises $110 million funding round from SoftBank Vision Fund.
SoftBank Group Triples Net Profit, Thanks to Alibaba
Japan’s SoftBank Group said its first-quarter net profit more than tripled thanks to exceptional gains related to the sale of shares in Chinese e-commerce giant Alibaba. The company announced a net profit of 1.12 trillion yen ($10.5 billion) for the three months to June, up 257.6 percent compared to the same period a year before. […]
Grab invests $2 billion in Indonesia through Softbank Vision Fund
Southeast Asia based Ride-hailing service Grab is planning to invest USD 2 billion in Indonesia through SoftBank vision fund to boost its presence.
Most SoftBank Vision Fund investors want to join second fund: Masayoshi Son
Softbank founder Masayoshi Son said most investors in SoftBank’s $100 billion Vision Fund want to join the group’s forthcoming second fund.