SoftBank leader defiant as WeWork mess triggers $6.5 billion loss

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.....»»

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

SoftBank Group Corp.’s (OTC: SFTBY) net loss for the year ended March 2020, is set to rise to $9.39 billion. read more.....»»

Softbank is taking a $6.6 billion hit on its WeWork investment.  The company's value has sunk drastically in recent months following its failed IPO bi.....»»

Eduardo Munoz/Reuters Disgraced ex-WeWork CEO Adam Neumann reportedly intends to sue the coworking firm's major .....»»

Ford Motor Co said on Friday it would tap debt markets to shore up its cash reserves as the coronavirus outbreak pummeled vehicles sales and halted production, resulting in an estimated loss of about $2 billion for the first quarter......»»

Tomohiro Ohsumi/Getty Images Japanese mega-investor SoftBank says its tech-focused Vision Fund will book a $17 billion annual operating loss. The Vision Fund has posted operating losses for three consecutive quarters, pu.....»»

SoftBank Group Corp's estimate it will post a record $13 billion full-year loss has renewed attention on a planned asset sell-down aimed at restoring confidence. Ciara Lee reports.....»»

TOKYO -- SoftBank Group Corp. is on track for its worst annual performance in its 39-year history as the tech conglomerate said it expected to lose nearly $17 billion in its Vision Fund for the fiscal year just ended......»»

SoftBank Group Corp's estimate it will post a record $13 billion full-year loss, dragged down by its spluttering $100 billion Vision Fund, has renewed attention on a planned asset sell-down aimed at raising cash and restoring confidence......»»

SoftBank Group Corp shares fell 3.5% on Tuesday morning after estimating the Vision Fund will record a 1.8 trillion yen ($16.73 billion) loss in the year ended March due to the tumbling value of bets on unproven startups......»»

"It's The Perfect Storm" - SoftBank Reports Staggering $.....»»

SoftBank Group Corp shares were untraded with a glut of sell orders on Tuesday morning after estimating the Vision Fund will record a 1.8 trillion yen ($16.73 billion) loss in the year ended March due to faltering bets on unproven startups......»»

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 expects its $100 billion Vision Fund to book a loss of 1.8 trillion yen ($16.5 billion) due to the worsening performance of its tech bets, which will tip the group as a whole into its first loss for 15 years......»»

Softbank Group Corp said on Monday it expects its $100 billion Vision Fund to book a loss of $16.5 billion in the financial year ended March due to the deteriorating performance of its tech bets......»»

Softbank Group Corp said on Monday it expects its $100 billion Vision Fund to book a loss of 1.8 trillion yen ($16.5 billion) in the financial year ended March due to the deteriorating performance of its tech bets......»»

Two independent WeWork directors have filed a lawsuit against SoftBank Group Corp., its biggest shareholder, after the Japanese investor scrapped a $3 billion agreement to buy stock from former Chief... To view the full story, click the title link......»»

WeWork is suing SoftBank Group Corporation, (OTC: SFTBY) after it canceled plans to purchase $3 billion of WeWork’s shares. read more.....»»

A WeWork board committee that negotiated a $3 billion tender offer with SoftBank Group sued the Japanese conglomerate on Tuesday for abandoning the deal, accusing it of succumbing to "buyer's remorse" amid the novel coronavirus outbreak......»»