SoftBank

  1. Tech
SoftBank Group CEO Masayoshi Son speaking on WeWork’s financials, as represented right here as a downward arrow with no knowledge factors, in November 2019.Photo: Kazuhiro Nogi (AFP through Getty Images) Japanese conglomerate SoftBank is making an attempt to backpedal from half of its bailout of tanking coworking area agency WeWork, the Wall Street Journal reported […]
  1. Business
Masayoshi Son, chairman and chief govt officer of SoftBank Group Corp., reacts throughout a dialog session with Jack Ma, former chairman of Alibaba Group Holding Ltd., not pictured, at Tokyo Forum 2019 in Tokyo, Japan, on Friday, Dec. 6, 2019. Kiyoshi Ota | Bloomberg through Getty Images Shares of Japanese conglomerate SoftBank Group soared Wednesday […]
  1. Business
SmoothBank in talks to choose up minority stake in Mahindra Electric Mobility Mahindra Electric Mobility, one of many nation’s largest electrical car (EV) producers, is in preliminary talks with Japanese big SmoothBank for an alliance which might embody taking minority stake in the corporate. The firm, in which Mahindra & […]
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Fearing weak fundraising choices within the wake of the WeWork implosion, late stage startups are tightening their belts. The newest is another Softbank-funded firm, becoming a member of Zume Pizza (80% of workers laid off), Wag (80%+),  Fair (40%), Getaround (25%), Rappi (6%), and Oyo (5%) which have all reduce workers to sluggish their burn […]
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Sophia Wood is a principal at Magma Partners, a Latin America-focused seed-stage VC agency with workplaces in Latin America, Asia and the U.S. Sophia can be the co-founder of LatAm List, an English-language Latin American tech information supply. More posts by this contributor Latin America Roundup: XP’s chart-topping IPO, Wildlife turns into a unicorn, SoftBank […]
  1. Tech
Sophia Wood is a principal at Magma Partners, a Latin America-focused seed-stage VC agency with workplaces in Latin America, Asia and the U.S. Sophia can be the co-founder of LatAm List, an English-language Latin American tech information supply. More posts by this contributor Latin America roundup: Neobanks increase $205M+; Softbank backs VTEX Latin America Roundup: […]
  1. Business
SoftBank has made loads of headlines these days, however for all of the improper causes (just like the downfall of WeWork, its once-darling funding in the United States). In different areas, although, the Japanese funding agency is managing to quietly dole out its mega-bucks—minus the extraordinary stage of scrutiny that follows its fund or different […]
  1. Tech
SoftBank’s Vision Fund has single-handedly modified the sport when it comes to tech startup funding. And that’s why I’m excited to announce that SoftBank Vision Fund funding director Carolina Brochado is becoming a member of us at TechCrunch Disrupt Berlin. Carolina Brochado isn’t a newcomer when it comes to VC funding. She’s labored for years […]
  1. News
WeWork officers, together with co-founder and former Chief Executive Adam Neumann, are being sued by minority shareholders to recoup losses because the shared workspace supplier pulled its preliminary public providing and noticed its worth plunge greater than 87%. In a proposed class motion filed this week in San Francisco Superior Court, former WeWork worker Natalie […]
  1. Business
Two of the poster youngsters for the unicorn set—extremely valued firms that put development nicely earlier than profitability—turned SoftBank Group’s newest quarterly earnings report right into a dirge. SoftBank on Wednesday tallied up the write-downs on its investments in WeWork since that shared workplace area startup swiftly pulled its IPO. The complete: $9.2 billion, or […]
  1. News
The losses name into query the billionaire founder Son’s deal-making strategy simply as he’s attempting to boost an excellent bigger successor to his 0 billion Vision Fund. (Bloomberg) Masayoshi Son is lastly disclosing the injury from SoftBank Group Corp.’s bets on WeWork and Uber Technologies Inc. The Japanese funding powerhouse on Wednesday reported its first […]
  1. Business
Masayoshi Son’s SoftBank Group is a huge tech-investment machine whose gears are greased by beneficiant dollops of debt. Borrowing labored effectively for the $80 billion firm as asset values rose; it might change into an issue as they backpedal. On Son’s most popular measures, SoftBank’s debt burden appears manageable. The Japanese billionaire needs to maintain […]
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Sophia Wood is a principal at Magma Partners, a Latin America-focused seed-stage VC agency with workplaces in Latin America, Asia and the U.S. Sophia can also be the co-founder of LatAm List, an English-language Latin American tech information supply. Brazil continued to churn out unicorns this month, with Curitiba-based Ebanx changing into the primary startup […]
  1. Business
SoftBank Group Corp. Chairman and Chief Executive Officer Masayoshi Son speaks throughout a press convention on May 10, 2017 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images SoftBank has a reclamation undertaking on its fingers. This week, CEO Masayoshi Son swooped in to take 80% management of WeWork in what amounted to a bailout of […]
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Yesterday, in addressing nervous WeWork staff at an all-hands, the firm’s new chairman, SoftBank government Marcelo Claure, instructed these gathered that their days of worrying are over, says Recode, which obtained a leaked recording of the assembly. In feedback which will stun business observers who haven’t accomplished the math — and upset not less than […]
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Confirming earlier stories, The We Company and SoftBank Group agreed to a new capital infusion which is able to see SoftBank committing $5 billion in new financing and issuing a young supply for one more $3 billion in buybacks for shareholders. The firm additionally mentioned it could speed up an present dedication to put $1.5 […]