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SoftBank Group

Japanese company

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SoftBank Group: Japanese company
SoftBank Group Corp. is a Japanese multinational conglomerate holding company headquartered in Tokyo. The company owns stakes in Softbank Corp. (ja), Softbank Vision Fund (ja), Arm Holdings, Fortress Investment Group, Boston Dynamics, Sprint (85%), Alibaba (29.5%), Yahoo Japan (48.17%), Brightstar (87.1%), Uber (15%), Didi Chuxing (ca.20%), Ola (ca.30%), Renren (42.9%), InMobi (45%), Hike (25.8%), Snapdeal (ca.30%), Fanatics (ca.22%), Improbable Worlds (ca.50%), Paytm (ca.20%), OYO (42%), Ping An Insurance (7.41%), Slack Technologies (ca.5%), WeWork (ca.80%), ZhongAn Online P&C Insurance (5%), Compass (ca.22%), AUTO1 Group (ca.20%), Wag (45%), Katerra (ca.28%), Cruise Automation (ca.19.6%), ParkJockey, Tokopedia (Indonesia), and many more companies. It also runs Vision Fund, the world's largest technology-focused venture capital fund, with over $100 billion in capital.

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WeWork inks office space deal with SoftBank-backed Gympass: sources

WeWork has signed a deal to provide space to 250 employees of gym membership app company Compass in New York, the latest example of the U.S. office-sharing start-up's majority owner, SoftBank Group..
Reuters - Published

Japan arrests ex-SoftBank employee suspected of spying for Russia

japan arrests ex-softbank employee suspected of spying for russia
Tokyo: Japanese police have arrested a former SoftBank employee for allegedly stealing proprietary information from the telecom giant and giving it to Russian officials, police and media reports said..
WorldNews - Published

Videos for SoftBank Group


When Ma met Son: tech titans talk guts and glory [Video]When Ma met Son: tech titans talk guts and glory

Alibaba founder Jack Ma sat down with Softbank chief Masayoshi Son in Tokyo on Friday. Just weeks after he had to bail out WeWork, Son says he's still going with his gut on big decisions. Julian..

Credit: Reuters Studio     Duration: 01:41Published

When Ma met Son: investment titans talk guts and glory [Video]When Ma met Son: investment titans talk guts and glory

Alibaba founder Jack Ma sat down with Softbank chief Masayoshi Son in Tokyo on Friday. Just weeks after he had to bail out WeWork, Son says he's still going with his gut on big decisions. Julian..

Credit: Reuters Studio     Duration: 01:41Published

 

SoftBank's $3 billion WeWork financing talks stall with Japan banks: sources

SoftBank Group Corp's talks to secure $3 billion from Japan's three biggest banks have stalled as the lenders have hit internal lending limits to the firm, two people said, complicating a $9.5 billion..
Reuters - Published

SoftBank’s China strategy wobbles as key bets disappoint

For SoftBank Group Inc , financial technology firm OneConnect's IPO should have been a vindication of an aggressive China investing strategy.
Reuters - Published

SoftBank's Son sticks with gut-led investing in chat with Alibaba's Ma

softbank's son sticks with gut-led investing in chat with alibaba's ma
Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp's founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group..
WorldNews - Published Also reported by •Reuters

Paytm may use its $1 billion funding to add new services and reach rural customers

paytm may use its $1 billion funding to add new services and reach rural customers
This story was delivered to Business Insider Intelligence Payments & Commerce subscribers earlier this morning. To get this story plus others to your inbox each day, hours before they're published on..
WorldNews - Published

SoftBank to go ahead with WeWork stock tender offer this week

SoftBank Group Corp will this week launch a previously agreed tender offer for as much as $3 billion of WeWork shares, including up to $970 million owned by the office sharing company's cofounder Adam..
Reuters - Published

WeWork to lay off 2,400 employees in SoftBank revamp

WeWork said on Thursday it is laying off around 2,400 employees globally, as the office-sharing company seeks to drastically cut costs and stabilize its business after it transformed from a Wall Street..
Reuters - Published Also reported by •WorldNews

Apple, Intel file antitrust case against SoftBank-owned firm over patent practices

apple, intel file antitrust case against softbank-owned firm over patent practices
The suit follows an earlier case that Intel filed against Fortress in October. Intel withdrew that suit and on Wednesday filed a new version in the U.S. District Court for the Northern District of..
WorldNews - Published

SoftBank to create $30 billion tech giant via Yahoo Japan, Line Corp deal

SoftBank Corp plans to merge internet subsidiary Yahoo Japan with messaging app operator Line Corp to create a $30 billion tech group, as it strives to compete more effectively with local rival Rakuten..
Reuters - Published

Yahoo Japan, Line to merge business to form online giant

yahoo japan, line to merge business to form online giant
TOKYO (AP) — Online services Yahoo Japan and Line Corp. have announced they are merging. Z Holdings Corp., which owns SoftBank Corp. that operates Yahoo Japan, and Naver Corp. of South Korea, which..
WorldNews - Published

The SoftBank Effect: How $100 Billion Left Workers in a Hole

SoftBank poured money into start-ups that use armies of contractors. That has upended the lives of drivers, hotel operators and real estate agents around the world.
NYTimes.com - Published

WeWork begins search for a new CEO: sources

wework begins search for a new ceo: sources
SoftBank last month spent around $10 billion to take control of WeWork, rescuing the company from potential bankruptcy after it failed to complete an initial public offering, which also led to..
WorldNews - Published

WeWork, ex-CEO Neumann, Softbank sued over botched IPO, plummeting value

WeWork officials, including co-founder and former Chief Executive Adam Neumann, are being sued by minority shareholders to recoup losses as the shared workspace provider pulled its initial public..
Reuters - Published

Stung by WeWork, SoftBank boss Son charts more cautious IPO course

Fresh from the WeWork debacle, SoftBank CEO Masayoshi Son says he now aims to be more cautious about the timings of IPOs, a shift that could squeeze the Japanese company's funding and increase its..
Reuters - Published

SoftBank stock falls after terrible earnings report

softbank stock falls after terrible earnings report
Hong Kong (CNN Business)Shares in SoftBank fell as much as 4% in Tokyo on Thursday after the company reported worse than expected losses for the third quarter. Japan's broader Nikkei (N225) was mostly..
WorldNews - Published

SoftBank's Son admits mistakes after Vision Fund's $8.9 billion loss

SoftBank plunged to its first quarterly loss in 14 years on Wednesday, dragged down by an $8.9 billion hit at its giant Vision Fund, as CEO Masayoshi Son admitted poor investment judgment and turning a..
Reuters - Published

SoftBank founder sorry about WeWork investment

Masayoshi Son said he has regrets about his investment decision, but still believes WeWork has a future
CBS News - Published

SoftBank CEO Son says his judgment on WeWork was poor in many ways

SoftBank Group Corp fell into the red in the second quarter for the first time in 14 years, with its gigantic Vision Fund suffering a 970 billion yen ($8.9 billion) loss on plunging valuations of..
Reuters - Published

SoftBank Group profit plunges owing to WeWork turmoil

softbank group profit plunges owing to wework turmoil
Japanese giant SoftBank Group suffered an operating loss of $6.4 billion in the second quarter, it said on Wednesday, as investments in start-ups such as WeWork and Uber took a massive hit. In the..
WorldNews - Published

SoftBank's second-quarter whiplashed by $8.9 billion loss in Vision Fund

SoftBank Group Corp reported its first quarterly loss in 14 years on Wednesday, with its giant Vision Fund suffering a 970 billion yen ($8.9 billion) loss on falling valuations of top tech bets such as..
Reuters - Published

SoftBank Group plunges to $6.5 billion quarterly loss as tech bets stumble

SoftBank Group Corp plunged on Wednesday to a quarterly loss that was far larger than analysts' estimates, hit by the falling valuations of some of its biggest tech bets such as WeWork and Uber..
Reuters - Published

WeWork still on life support, rivals say it must cut costs fast

SoftBank may be rescuing WeWork with a $9.5 billion cash injection but most rivals say they believe the office space sharing company is still in critical condition.
Reuters - Published

Factbox: How to fix WeWork: rivals say what they would do

Office sharing company WeWork is being rescued by its largest shareholder, SoftBank Group Corp , with a $9.5 billion injection of funds but it still faces a very difficult road to survival given its..
Reuters - Published

'We created a monster,' SoftBank CEO Masayoshi Son reportedly said of WeWork

'we created a monster,' softbank ceo masayoshi son reportedly said of wework
Masayoshi Son, CEO of Japanese mega-investor SoftBank, told colleagues that "we created a monster" in WeWork, the Financial Times reported. SoftBank will on Wednesday impose stricter...
WorldNews - Published

Neumann has escaped the WeWork debacle. But Softbank may not

neumann has escaped the wework debacle. but softbank may not
The tech fund is in a high-risk business and has enjoyed many successes. But its very credibility is now at stake The best laugh in the WeWork farce – better even than the loss-making property..
WorldNews - Published

How SoftBank made WeWork an offer it had to accept

By Mike Spector, Joshua Franklin, Greg Roumeliotis and Anirban Sen
Reuters - Published

WeWork's Claure warns layoffs are coming

WeWork's new executive chairman Marcelo Claure wrote in a memo to employees on Wednesday that layoffs were in the works at the U.S. office-space sharing start-up following a $9.5 billion rescue..
Reuters - Published

WeWork plans to lay off 4,000 staff - FT

Office-sharing startup WeWork is planning to cut as many as 4,000 jobs as a part of a turnaround plan put in place by top shareholder Japan's SoftBank Group after it took control of the company this..
Reuters - Published

SoftBank adds to financial burden with $10 billion WeWork deal

SoftBank Group Corp's financial strains escalated on Wednesday as it agreed to spend more than $10 billion to take over office-space sharing startup WeWork, knocking the Japanese tech conglomerate's..
Reuters - Published

SoftBank confirms multi-billion-dollar WeWork bailout

softbank confirms multi-billion-dollar wework bailout
SoftBank announced on Wednesday that it will pump billions of dollars into struggling office-sharing startup WeWork, in a deal that will see Co-founder Adam Neumann taking a huge payout and exiting the..
WorldNews - Published

SoftBank shares fall as WeWork deal adds to financial strains

Shares of SoftBank Group Corp fell 3% in morning trade on Wednesday as the tech conglomerate agreed to spend more than $10 billion to take over beleaguered office-space sharing startup WeWork, adding..
Reuters - Published

SoftBank shares fall as it doubles down on WeWork

softbank shares fall as it doubles down on wework
Shares of SoftBank Group Corp fell 2% in early trade on Wednesday as the tech conglomerate moved to take over beleaguered office-space sharing startup WeWork with a funding injection of more than $10..
WorldNews - Published Also reported by •Reuters

SoftBank announces it will own 80% of WeWork and provide billions to keep it operating

SoftBank Group Corp. is taking control of WeWork and providing the office-space startup with billions to keep it operating.
USATODAY.com - Published

SoftBank clinches WeWork takeover deal, bailing out co-founder

SoftBank Group Corp agreed to spend more than $10 billion to take over U.S. office-space sharing startup WeWork on Tuesday, doubling down on an ill-fated investment and paying off its co-founder Adam..
Reuters - Published

SoftBank clinches deal to take over WeWork

SoftBank Group Corp agreed to spend more than $10 billion to take over WeWork, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control, people familiar..
Reuters - Published

WeWork board accepts SoftBank rescue deal: source

WeWork's board has accepted a takeover plan proposed by Softbank Group, handing control of the office-sharing startup to the Japanese firm, according to a source directly familiar with the matter.
Reuters - Published

WeWork board weighs up $10bn rescue plan from Japan's SoftBank

wework board weighs up $10bn rescue plan from japan's softbank
Proposal for US office-sharing company would lead to exit of co-founder Adam Neumann The board of WeWork is meeting on Tuesday to consider a rescue plan worth almost $10bn (£7.7bn) from its biggest..
WorldNews - Published

SoftBank's WeWork takeover would lead to Adam Neumann's exit: sources

SoftBank Group offered nearly $10 billion on Monday to WeWork and its shareholders under a takeover plan that would keep the U.S. office-space sharing start-up afloat and lead to the exit of its..
Reuters - Published

WeWork is set to weigh last-ditch financing options

wework is set to weigh last-ditch financing options
New York (CNN Business)The fate of WeWork is about to be decided. The embattled coworking space operator is said to be weighing last-ditch financing options this week to avoid running out of money..
WorldNews - Published

SoftBank offers to lend WeWork $5 billion, buy out insiders: sources

SoftBank Group Corp has made a $5 billion debt financing offer to keep WeWork afloat as part of a deal that would make the Japanese technology conglomerate the majority owner of the struggling U.S...
Reuters - Published

SoftBank extends $5 billion debt financing offer to WeWork: sources

SoftBank Group Corp has made a $5 billion debt financing offer to keep WeWork afloat as part of a deal that would make the Japanese technology conglomerate the majority owner of the struggling U.S...
Reuters - Published

SoftBank seeks to avoid WeWork's liabilities with new investment: sources

SoftBank Group Corp is attempting to become the majority owner of WeWork without assuming the onerous lease obligations of the U.S. office-space sharing firm, according to people familiar with the..
Reuters - Published

SoftBank eyes WeWork rescue valuation below $8 billion

softbank eyes wework rescue valuation below $8 billion
SoftBank Group Corp. is assembling a rescue financing plan for WeWork that may value the office-sharing company below $8 billion, according to people familiar with ... ......
WorldNews - Published

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