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

Masayoshi Son says of WeWork co-founder Adam Neumann: ‘I shut my eyes to a lot of his negative aspects’.....»»

Category: topSource: foxnewsNov 6th, 2019

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

Masayoshi Son says of WeWork co-founder Adam Neumann: ‘I shut my eyes to a lot of his negative aspects’.....»»

Category: topSource: foxnewsNov 6th, 2019

SoftBank"s Son admits mistakes after Vision Fund"s $8.9 billion loss

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......»»

Category: topSource: reutersNov 6th, 2019

SoftBank CEO Son says his judgment on WeWork was poor in many ways

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......»»

Category: topSource: reutersNov 6th, 2019

Jack Ma is resigning from SoftBank"s board. Here"s a look at how the cofounder of Alibaba and the richest person in China built his fortune.

VCG/VCG via Getty Images Alibaba founder Jack Ma has stepped down from SoftBank's board after the company announced a record annual loss of $13 .....»»

Category: dealsSource: nytMay 18th, 2020

SoftBank racks up losses, including WeWork investment; Alibaba’s Jack Ma quits board

Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing.....»»

Category: topSource: chicagotribuneMay 18th, 2020

SoftBank fund posts $18bln loss; Jack Ma quits board

SoftBank's Vision Fund posted an $18 billion loss on Monday, ramping up pressure on boss Masayoshi Son. The company also said Alibaba founder Jack Ma would resign from its board. Julian Satterthwaite reports......»»

Category: videoSource: reutersMay 18th, 2020

SoftBank"s Vision Fund tumbles to $18B loss in "valley of coronavirus"

Losses include almost $10 billion at office-sharing firm WeWork and ride- hailing app Uber......»»

Category: topSource: foxnewsMay 18th, 2020

SoftBank Expected To Report Record Loss As Bets On WeWork, Ride Sharing Backfire

SoftBank Expected To Report Record Loss As Bets On WeWork, Ride Sharing Backfire Tyler Durden Sun, 05/17/2020 - 15:10 After SoftBa.....»»

Category: blogSource: zerohedgeMay 17th, 2020

"It"s noise in the background" — WeWork CEO on Neumann lawsuit against SoftBank

WeWork CEO Sandeep Mathrani tells "Squawk Box" he considers WeWork founder Adam Neumann's lawsuit against SoftBank "noise in the background" as he focuses on getting the company back on track......»»

Category: realestateSource: cnbcMay 12th, 2020

Sandeep Mathrani"s first TV interview as WeWork"s CEO on future of work amid crisis

WeWork CEO Sandeep Mathrani joins "Squawk Box" for his first TV interview as chief executive to discuss the future of work during the coronavirus pandemic, how offices may evolve as well as founder Adam Neumann's lawsuit against SoftBank......»»

Category: realestateSource: cnbcMay 12th, 2020

WeWork"s Adam Neumann once said he had a "beautiful relationship" with SoftBank"s Masa Son; now he calls out "abuse of power" in lawsuit filing

In the lawsuit.....»»

Category: realestateSource: cnbcMay 5th, 2020

Ousted WeWork CEO Adam Neumann is suing SoftBank — Here"s why

Founder and former CEO of WeWork Adam Neumann is suing SoftBank, the company's biggest investor. CNBC's Deidre Bosa reports......»»

Category: realestateSource: cnbcMay 5th, 2020

WeWork co-founder sues SoftBank over failed deal

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......»»

Category: videoSource: reutersMay 5th, 2020

WeWork Co-Founder Adam Neumann Is Suing SoftBank For Backtracking On $3B Tender Offer

WeWork's co-founder and former CEO Adam Neumann on Monday sued SoftBank Group Corp. (OTC: SFTBY) for breach of contract. read more.....»»

Category: blogSource: benzingaMay 5th, 2020

The Wall Street Journal: WeWork co-founder Adam Neumann sues SoftBank over collapse of $3 billion deal

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......»»

Category: topSource: marketwatchMay 4th, 2020

WeWork co-founder Neumann sues SoftBank over failed tender offer

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......»»

Category: topSource: reutersMay 4th, 2020

WeWork co-founder sues SoftBank over alleged abuse of power, FT says

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.....»»

Category: blogSource: theflyonthewallMay 4th, 2020

WeWork Founder & Ex-Billionaire Adam Neumann Sues SoftBank For Renegging On $3 Billion Buyout

WeWork Founder & Ex-Billionaire Adam Neumann Sues SoftBank For Renegging On $3 Billion Buyout As was widely expected, WeWork co-founder and ex-billiona.....»»

Category: blogSource: zerohedgeMay 4th, 2020

SoftBank sees wider loss of $8.4 billion on WeWork write-down

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......»»

Category: blogSource: crainsnewyorkMay 2nd, 2020

SoftBank sees wider loss of $8.4 billion on WeWork writedown

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......»»

Category: blogSource: crainsnewyorkApr 30th, 2020