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News

SoftBank CEO Son says will supply 300 million masks per month to Japan

April 13th, 2020

SoftBank CEO Masayoshi Son said he has secured a monthly supply of 300 million face masks for Japan.

BUSINESS

WeWork sues SoftBank for backing out of $3 billion Investment deal

April 7th, 2020

WeWork sued SoftBank after the Japanese investment group announced backing out of a USD 3 billion investment deal.

BUSINESS

WeWork troubles deepen as SoftBank pulls its $3 billion tender offer

April 4th, 2020

SoftBank has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders.

FUNDING

WeWork Raises Funding from SoftBank Group

October 23rd, 2019

WeWork and Softbank reached to an agreement where softbank will provide additional funding to Wework.

News

Softbank could take control of WeWork

October 16th, 2019

Softbank could take control of WeWork as part of a financial package to address the company's cash crunch.

BUSINESS

SoftBank Turns against WeWork's parent CEO Neumann

September 23rd, 2019

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.

FUNDING

Energy Vault Raises $110 Million From Softbank Vision Fund

August 17th, 2019

Switzerland based renewable energy organization Energy Vault raises $110 million funding round from SoftBank Vision Fund.

BUSINESS

SoftBank Group Triples Net Profit, Thanks to Alibaba

August 7th, 2019

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...