Softbank

SoftBank will have 'last laugh' with WeWork deal: analyst

[TOKYO] SoftBank Group Corp's massive investment in WeWork triggered a multibillion-dollar writedown and a rare apology from founder Masayoshi Son. But one analyst argues the deal is likely to...

SoftBank-backed Ola targets IPO process by end-March 2021

INDIAN ride-hailing firm Ola, backed by Japan's SoftBank Group Corp, aims to begin the IPO process by the end of March 2021 and plans to cut its workforce by up to 5 per cent as part of...

SoftBank's second Vision Fund starting life smaller than the first

SOFTBANK Group Corp has quietly completed an initial money-raising push for its second technology fund, at a fraction of its targeted US$108 billion.

WeWork was more black swan than unicorn for SoftBank

[TAIPEI] SoftBank Group Corp's WeWork debacle is unlikely to be repeated. It also means that for the Vision Fund to deliver venture capital-size returns, it'll need to rely on singles and doubles...

WeWork staff, facing job cuts, express outrage at $1.6b payout to founder Adam Neumann

SAN FRANCISCO (BLOOMBERG) - WeWork will narrowly avoid financial ruin and in the process, reward its former leader, Adam Neumann, with as much as US$1.2 billion (US$1.6 billion). The reaction from...

SoftBank offers $13.6b rescue deal for WeWork

Japan's SoftBank Group offered close to US$10 billion (S$13.6 billion) to WeWork owner The We Company, its employees and its investors on Monday under a plan to keep the struggling US office space...

WeWork prefers JPMorgan lifeline to rescue by SoftBank

NEW YORK • WeWork's bankers are pitching investors on what would be one of the riskiest junk debt offerings in recent years - potentially giving the co-working start-up giant's top private...

WeWork seen as startup lesson in what not to do in Silicon Valley

[SAN FRANCISCO] The implosion of office space company WeWork this week is being digested as a lesson for Silicon Valley startups - in what not to do.

WeWork presses on with IPO, pushing SoftBank into a corner

[TOKYO] Office-sharing startup WeWork is pressing ahead with plans to go public despite lukewarm interest in its shares, three sources said, leaving its largest investor, SoftBank Group, with a...

SoftBank urges WeWork to shelve IPO over valuation concerns: FT

SOFTBANK Group, a leading shareholder in the holding company of US office-sharing startup WeWork, has urged it to shelve a planned IPO on concerns over the valuation, the Financial Times reported...

SoftBank pushes WeWork to postpone its contentious IPO

SAN FRANCISCO (BLOOMBERG) - Executives of WeWork and its largest investor, SoftBank, are discussing whether to shelve plans for an initial public offering (IPO) of the money-losing co-working...