SoftBank founder calls his judgment ‘really bad’ after $4.7B WeWork loss

SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets......»»

SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, extending the group's expected net loss to 900 billion yen......»»

Softbank Group Corp. responded Tuesday to WeWork parent We Co.'s lawsuit, saying it plans to "vigorously defend" the suit as nothing in the filing credibly refutes the decision to terminate the tender .....»»

WeWork Sues SoftBank For Pulling $3 Billion Payoff To Neumann & Other Insiders As WeWork founder Adam Neumann t.....»»

WeWork Founder Loses 'Billionaire' Status, Threatens Lawsuit As SoftBank Pulls $3BN Invest.....»»

SoftBank Group Corp said it has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders, including ousted co-founder Adam Neumann, drawing threats of legal action from other board members......»»

Alibaba founder Jack Ma sat down with Softbank chief Masayoshi Son in Tokyo on Friday. Just weeks after he had to bail out WeWork, Son says he's still going with his gut on big decisions. Julian Satterthwaite reports......»»

Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp's founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group Holding Inc's co-founder Jack Ma......»»

Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp's founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group Holding Inc's co-founder Jack Ma......»»

Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp's founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group Holding Inc's co-founder Jack Ma......»»

Getty SoftBank CEO Masayoshi Son reportedly told WeWork's cofounder and former boss Adam Neumann that he reminded him of Alibaba's founder, the driving force behind Son's most successful investment ever. "The last.....»»

Sprint, T-Mobile Shares Slump On Reports CEO Legere In Talks To Run WeWork After pushing out co-founder and (now former) CEO Adam Neumann, it looks like SoftBank is ge.....»»

WeWork officials, including co-founder and former Chief Executive Adam Neumann, are being sued by minority shareholders to recoup losses as the shared workspace provider pulled its initial public offering and saw its value plunge more than 87%......»»

Masayoshi Son struck a defiant tone after his  reported an enormous loss from investments in money-losing startups Uber.…; The Japanese billionaire paced a stage in Tokyo on Wednesday showing off... To view the full story, click the title link......»»

KAZUHIRO NOGI/AFP via Getty Images SoftBank published its financials for the July to September quarter on Wednesday, posting a big loss thanks to the poor performance of its investme.....»»

After SoftBank reported its first quarterly loss in 14 years on Wednesday, CEO Masayoshi Son told investors that there may be more failures in the Vision Fund......»»

Masayoshi Son struck a defiant tone after his SoftBank Group Corp. reported an enormous loss from investments in money-losing startups WeWork and Uber Technologies Inc......»»

SoftBank plunged to its first quarterly loss in 14 years Wednesday after valuations tumbled for some of its top tech bets, not least WeWork. Julian Satterthwaite reports......»»

Kim Kyung-Hoon/Reuters SoftBank lost at least $4.7 billion by investing in WeWork after the shared-workspace group's IPO collapsed and its valuation plunged from $47 billion in January to below $10 billion. "My own investment judgment was r.....»»

After WeWork Disaster, SoftBank's Masa Son Says "Bad Judgement" Led To Firs.....»»