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SoftBank Corp Invests in the Co-working Giant WeWork Yet Again

14Nov By Gauri SinghNo Comments

BUSINESS

SoftBank Corp Invests in the Co-working Giant WeWork Yet Again

SoftBank Corp has reportedly invested another $3 billion in financing into the co-working major WeWork. The deal comes in the form of a warrant, allowing SoftBank to pay $3 billion for the opportunity to buy shares before September 2019 at a price of $110 or higher. This will value WeWork at $42 billion minimum. In August, SoftBank Corp invested $1 billion in WeWork in the form of a convertible note. Following this deal, SoftBank will pay WeWork $1.5 billion on January 15, 2019 and another $1.5 billion on April 15. SoftBank is far and away WeWork’s biggest investor, with SoftBank Vision Fund having poured $4.4 billion into the company just last year. More than physical land, WeWork wants to be the central connective tissue for work in general. The company often strikes deals with ...

Softbank CEO says will ‘seriously’ accelerate investments in Indian Startups

Japanese telecom and media group SoftBank will "seriously" accelerate its investments in India, Chief Executive Masayoshi Son told a start-up conference in New Delhi on Saturday. Softbank had previously said it would invest $10 billion in India over 10 years. "The time has come that the Indian economy will be big enough going forward. Mobile internet will make the domestic internet market big enough," Son said. "I think we would seriously accelerate our investments in India going forward." image credit- reuters

Having a Problem With OLA, Call Nikesh Arora

With greater possessions and a good rank comes greater responsibilities. It need not to be reminded how some of the extraordinary Indians have made many globally scaled headlines. Be it our Prime Minister Mr. Narendra Modi or Sundar Pichai who proved his worth by becoming the CEO of Google or his ex-colleague Nikesh Arora, President and COO of SoftBank Corp. who was ranked as the 3rd highest paid executive by getting paid a record amount of $135 million to lead Softbank’s operations. (more…)