Dear Alibaba, thank you for the $10 trillion gift
Alibaba has raised about $11-bn in Hong Kong's largest issuance of stock since 2010.
After WeWork, SoftBank’s startup accounting model under fire. Oyo raises eyebrows
The Vision Fund put $250 million into Oyo in 2017 and led a...
How SoftBank’s Masayoshi Son became poorer by $6 billion
The Vision Fund is believed to be planning to swallow a charge of at least $5 billio...
SoftBank to create $30 bln tech giant with Yahoo Japan, Line Corp merger
The deal, which would combine the providers of two of Japan's top QR code payment services, offers SoftBank access to 164 million Line users and their data in Japan and Southeast Asia as it expands into services outside its core wireless business. It also offers Line a deep-pocket patron who can offer its tech expertise, including potentially via the giant Vision Fund.
SoftBank's second Vision Fund is starting life with a mere $2 billion
So far, it is unclear whether there are any outside investors in the second fund. The original Vision Fund was announced in October 2016, but took another seven months for its first major closing with $93 billion in commitments.
From Oyo to Uber, how SoftBank’s $100 billion has left the startup ecosystem weaker
Flush with cash, entrepreneurs operated with scant regard for profit. The whole system eventually overheated.
Silicon Valley is a born-again believer in profits
It was only a few years ago that investors started to become anxious about the vast sums of money flying into unprofitable startups. The bubble didn’t burst, but air deflated a bit from the balloon.
Here’s how SoftBank says it’ll fix WeWork and turn it profitable
In a mix of bravado and practicality that’s vintage Son, the billionaire opened his speech by describing the earnings announcement as “not good at all.” He then said that turning around WeWork would be “simple” and that his team had a plan for it.
SoftBank’s Son defiant as WeWork triggers $6.5 billion loss
SoftBank recorded an operating loss of 704.4 billion yen ($6.5 billion) after writedowns in WeWork and other investments, the Japanese company’s first such loss in 14 years. Its $100 billion Vision Fund lost 970.3 billion yen.
Lessons to learn from Masayoshi Son's latest sermon
The shift in Son's approach may have valuable lessons for Indian companies like Paytm, Ola and OYO which plan to launch their initial public offering (IPO) sometime in the near future.
SoftBank expects to invest in almost 200 companies with its Vision Funds: Rajeev Misra
Last year, SoftBank Chairman and CEO Masayoshi Son told Businessweek that he plans to raise a new $100 billion fund every two to three years, and invest around $50 billion each year.
After WeWork, the market is concerned about SoftBank's massive debt load again
Separate news also fueled concern about the value of the investment portfolio at billionaire Masayoshi Son’s firm, which could also impact the key LTV ratio.
SoftBank Vision Fund planning writedown of over $5 billion
The writedown is being driven by the Vision Fund’s holdings in ride-hailing giant Uber and WeWork parent We Co., the beleaguered co-working company that SoftBank agreed this week to rescue.
One neat trick turns WeWork into a winner
As part of the package, SoftBank’s Chief Operating Officer Marcelo Claure will become executive chairman of WeWork’s board. The board will also receive voting control over founder Adam Neumann’s shares.
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