Page 13 - Softbank

SoftBank sees a net loss of around $8.4 billion on WeWork writedown

SoftBank maintained its forecast of a record annual operating loss of 1.35 trillion yen announced earlier this month as bets via the $100 billion fund sour

Oyo to offload more loss-making hotels amid Covid-19 outbreak: Report

The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt

Before change in FDI rules, Chinese invested millions in Indian tech firms

Between January and April 2020, Chinese companies and US hedge funds raised their stakes in Byju's, Paytm and many other billion-dollar Indian technology companies

Answers to the Strategist Quiz #659

Answers to the Strategist Quiz #659

SoftBank's $2-billion guarantee at risk as pandemic hits Oyo business

Oyo risks turning into another problem startup for SoftBank and Son, still reeling from the meltdown at the shared-office company WeWork.

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

SoftBank will donate two different kinds of mask, initially for medical staff, in cooperation with the Japanese government's "mask team", set up to tackle shortages due to the coronavirus outbreak

Oyo sends thousands on leave without pay, India escapes for now

Oyo said in a statement it's furloughing employees in countries excluding India without specifying numbers, adding that it's not considering job cuts at this time.

SoftBank group to abandon $3 billion deal for additional WeWork shares

The US-based company's committee said it will evaluate all its legal options, including litigation and remained committed to reaching a solution.

Softbank plans $41-billion asset sale to expand buyback, cut debt

The Japanese conglomerate, which also operates the $100 billion Vision Fund, is considered especially vulnerable to economic shocks

SoftBank to sell up to $41 billion in assets to buy shares, reduce debt

The buyback tops the $20 billion in purchases sought by activist hedge fund Elliott Management

Coronavirus impact: SoftBank shares close down 17% in biggest one-day fall

SoftBank racked up the second biggest fall in the benchmark index, breaking the 3,000-yen level to close at 2,687 yen.

SoftBank looks to abandon $3-bn deal as WeWork fails to fulfill conditions

SoftBank in October agreed to buy up to $3 billion WeWork shares from existing investors through a tender offer, as part of a broader bailout worth almost $10 billion

SoftBank unveils $4.8 bn buyback after stock tumble, Elliott backs move

SoftBank shares fell as much 9.6% to a 14-month low on Friday amid a crash in global stock markets, but pared losses to close down 5% in Tokyo.

Top Headlines: Key Cabinet decisions, Coronavirus updates, and more

The government on Friday extended the deadline for submitting bids for buying 100 per cent stake in Air India till April 30. The deadline was originally set at March 17

Indonesia plans 2032 Olympics bid for new capital with SoftBank's backing

Son met with Widodo and Blair about the new capital on Feb. 28, and the discussion included sports facilities but not the Olympics, according to a presidential spokesman

Oyo to cut about 5,000 jobs in broad overhaul, highest reductions in China

The restructuring in China is in line with the global restructuring exercise announced in January 2020, said sources.

SoftBank CEO defends track record, tells US investors he'll be more careful

Son's approach to investing heavily in firms with disruptive technology potential and giving carte blanche to founders of startups he backs has helped make him one of the world's wealthiest investors

Top SoftBank exec ran smear campaigns against Nikesh Arora, Sama: Report

Misra planted negative stories against Nikesh Arora to damage his reputation in the company

Firstcry secures around $400 mn from Softbank as part of series-E funding

FirstCry has emerged as the leader in the sunrise baby and mother care sector segment, prompting rising interest of global investors

SoftBank spends $2.5 bn to get second Vision Fund off the ground: Report

SoftBank was targeting a $108 billion fundraise for the second Vision Fund and had committed $38 billion of its own money towards that goal