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SoftBank leader defiant as WeWork mess triggers $6.5 billion loss

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......»»

Category: blogSource: crainsnewyorkNov 8th, 2019

SoftBank CEO defiant as WeWork triggers $6.5B 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......»»

Category: topSource: moneycentralNov 6th, 2019

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"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 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

SoftBank to write down WeWork by $6.6 billion, compounding portfolio misery

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......»»

Category: topSource: reutersApr 30th, 2020

SoftBank writes down WeWork by $6.6 billion, compounding portfolio misery

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......»»

Category: topSource: reutersApr 30th, 2020

SoftBank sees $8.4 billion net loss on WeWork writedown

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......»»

Category: topSource: reutersApr 29th, 2020

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

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......»»

Category: blogSource: crainsnewyorkNov 8th, 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

SoftBank"s Son humbled after Vision Fund"s $8.9 billion loss

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......»»

Category: topSource: reutersNov 6th, 2019

Dow Jones Newswires: SoftBank books $4.7 billion loss due to WeWork investment

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......»»

Category: topSource: marketwatchNov 6th, 2019

SoftBank reported an eye-watering $6.5 billion loss in the wake of WeWork"s catastrophic failed IPO

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.....»»

Category: topSource: businessinsiderNov 6th, 2019

SoftBank Group plunges to $6.5 billion quarterly loss as tech bets stumble

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......»»

Category: topSource: reutersNov 6th, 2019

SoftBank Vision Fund head"s pay doubled last year despite massive losses

SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund's underperformance pushed SoftBank to a record operating loss of some $13 billion......»»

Category: topSource: reutersMay 28th, 2020

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

Japan's SoftBank Group Corp reported a stunning $18 billion loss at its giant Vision Fund, pushing Masayoshi Son's conglomerate to a record loss and highlighting the deepening crisis at its portfolio companies from the global downturn......»»

Category: topSource: reutersMay 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

Jack Ma is stepping down from the board just as Softbank announced a record $13 billion loss

REUTERS/Charles Platiau/File Photo Jack Ma is resigning from SoftBank's board of directors effective Jun.....»»

Category: topSource: businessinsiderMay 18th, 2020

SoftBank Vision Fund records $18 billion operating loss, portfolio slides underwater

Japan's SoftBank Group Corp on Monday reported an annual 1.9 trillion yen ($18 billion) operating loss at its gargantuan Vision Fund, as its tech bets slid below cost, pushing the group to its largest-ever loss......»»

Category: topSource: reutersMay 18th, 2020