SoftBank leader defiant as WeWork mess triggers $6.5 billion loss

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 Group forecast a for the fiscal year ended in March, adding $1.4 billion to its prediction from just two weeks ago because of deeper difficulties at the office-sharing startup The Japanese... To view the full story, click the title link......»»

SoftBank Group forecast a for the fiscal year ended in March, adding $1.4 billion to its prediction from just two weeks ago because of deeper difficulties at the office-sharing startup The Japanese... To view the full story, click the title link......»»

SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) for the year ended 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, 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......»»

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......»»

SoftBank plunged to its first quarterly loss in 14 years on Wednesday, dragged down by an $8.9 billion hit at its giant Vision Fund, as CEO Masayoshi Son admitted poor investment judgment and turning a blind eye to problems at startup WeWork......»»

SoftBank Group Corp fell into the red in the second quarter for the first time in 14 years, with its gigantic Vision Fund suffering a 970 billion yen ($8.9 billion) loss on plunging valuations of WeWork and Uber Inc......»»

SoftBank reported its first quarterly loss in 14 years on Wednesday, whiplashed by an $8.9 billion hit at its giant Vision Fund and marking a rare, humbling moment for CEO Masayoshi Son over his backing of troubled startup WeWork......»»

SoftBank said the loss represented the difference between what it considered the fair value of its wholly owned subsidiary’s stake in WeWork as of the end of September and the price at which SoftBank had purchased that stake......»»

Thomson Reuters SoftBank Group recorded an eye-watering quarterly loss of $6.5 billion early Wednesday, spurred by some of it biggest tech invstments like Uber and WeWork.  The Japanese investment giant last month spent over $10 billion bailing&nbs.....»»

SoftBank Group Corp plunged on Wednesday to a quarterly loss that was far larger than analysts' estimates, hit by the falling valuations of some of its biggest tech bets such as WeWork and Uber Technologies......»»

WeWork lost $3.2 billion last year, according to documents shown to prospective investors by the office-sharing startup as apart of a pitch for $1 billion in investment and a stock market listing, the Financial Times reported on Monday......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

SoftBank, the majority owner of WeWork, marked down its valuation of the company to $2.9 billion amid the pandemic. A man walks past.....»»

Roku Buys Quibi's Entire Content Library For Under $100MM As Backers Brace For Billion-Dollar Loss So much for those rumors about SoftBank potentially bidding for Quibi's a.....»»

WeWork co-founder Adam Neumann has accused one-time ally Softbank of abuse of power, filing a lawsuit against the company on Monday for pulling a deal to buy $3 billion of WeWork's shares from investors. Gloria Tso reports......»»

WeWork’s co-founder and former chief executive Adam Neumann sued SoftBank Group Corp., accusing the Japanese technology group of breaking a key provision of a deal that gave SoftBank control of the shared-office-space company......»»

WeWork co-founder Adam Neumann filed a lawsuit against Japan's SoftBank Group Corp and its Vision Fund on Monday for terminating a $3 billion tender offer to the office-sharing startup's shareholders......»»