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For SoftBank’s Masayoshi Son, the better TikTok deal is in India
Son might be just the man to bring TikTok back. He’s already one of India’s greatest foreign backers, having poured money into local startups including Snapdeal, Oyo Rooms and Paytm.
SoftBank’s big options bet tests investor faith in Masayoshi Son
SoftBank disclosed in August that it was establishing an asset management ar...
Billionaires line up to take their unloved companies private
Many of the deals involve ultra-rich founders who have been helped by cheap financing and the sluggish share performance of their businesses at a time when the broader market is surging.
Inside the baffling world of Masayoshi Son's presentations
Son is closely involved in making the slides. He has a team of about a half a dozen up-and-coming SoftBank employees in their late 20s and early 30s responsible for drafting the presentations.
SoftBank gives up pretending it isn't a fund
With the Vision Fund’s $98.6 billion almost fully invested, there’s not much left to be done hunting for unicorns and handing out fat checks. Earnings from the fund, generally based on mark-to-market valuation changes, fell 39% for the period.
SoftBank is targeting over $10 billion in public investing
In recent years, SoftBank has painted itself as a champion of innovative startups, led by its $100 billion Vision Fund.
After 133% rally, has SoftBank's Son pulled off yet another escape from the abyss?
SoftBank has benefited from a rebound in its portfolio of companies, particularly Alibaba. The e-commerce giant hit record after record this year, with its market valuation pushing past $700 billion. Uber Technologies Inc., a key Vision Fund investment, has more than doubled since its mid-March trough.
Rise of another Indian: Akshay Naheta climbs the ladder at SoftBank Corp
The Mumbai-born hotshot executive’s ascent within the technology-to-telecoms conglomerate is likely to get a further boost as he spearheaded the just announced mega sale of SoftBank’s Arm Holdings to US chipmaker Nvidia for $40 billion, among the largest transactions executed in the semiconductor industry.
NVIDIA to acquire SoftBank Group's Arm for up to $40 billion in largest deal of the year
If approved, the deal will be one of the largest acquisitions anywhere in the world this year, and will propel NVIDIA to the forefront of the semiconductor sector. The announcement also renewed speculation about SoftBank Group's future, with Bloomberg News reporting it is set to revive talks about going private via a management buyout plan.
New woes for SoftBank's Son: Wirecard may go the WeWork way
As Wirecard drama unfolds, it may well turn into this year's WeWork, another PR disaster for Son.
SoftBank sheds $15 billion on US tech stock rout
The fall takes SoftBank's share decline to 12% since sources told Reuters and other media late last week that the Japanese company made big bets on equity derivatives tied to tech firms.
SoftBank CEO defends Vision Fund chief Rajeev Misra, after losses, controversy
The Vision Fund lost almost $18 billion in the fiscal year ended March 31, as it wrote down the value of investments in WeWork and Uber Technologies Inc., among others.
SoftBank option purchases raise eyebrows as Wall Street backtracks
The derivatives purchases could shed light on the Nasdaq and S&P 500 rise just two days ago to record highs, which seemed to put the coronavirus sell-off in the rearview mirror.
SoftBank to expand Vision Fund cuts to as many as 80 workers
SoftBank’s businesses were battered early this year with the coronavirus outbreak and its stock tumbled.