Posts filtered by tags: Masayoshi Son[x]


 

SoftBank spent $900 million in investment banking fees in 2018. The only entity it lagged — the People's Republic of China.

SoftBank spent $900 million in investment banking fees in 2018, more than any company in at least a decade. The People's Republic of China is the only entity to outspend the Japanese tech conglomerate. SoftBank has primarily paid fees to investment bankers to raise capital, but it also executed many high profile investments in companies like WeWork and Cruise Automation. If you didn't have SoftBank as an investment banking client in 2018, you missed out on one of the most massive and lucrativ...
Tags: China, Softbank, Trends, Alibaba, Gm, Citigroup, Deutsche Bank, Silicon Valley, Goldman Sachs, WeWork, Goldman, Coupang, Bayer, Nomura, Republic of China, Masayoshi Son


A small number of banks profited from a SoftBank dealmaking bonanza in 2018 — one of the most lucrative fee opportunities in modern history

SoftBank spent $900 million in investment banking fees in 2018, more than any company in at least a decade. The People's Republic of China is the only entity to outspend the Japanese tech conglomerate. SoftBank has primarily paid fees to investment bankers to raise capital, but it also executed many high profile investments in companies like WeWork and Cruise Automation. If you didn't have SoftBank as an investment banking client in 2018, you missed out on one of the most massive and lucrativ...
Tags: China, Softbank, Trends, Alibaba, Gm, Citigroup, Deutsche Bank, Silicon Valley, Goldman Sachs, WeWork, Goldman, Coupang, Bayer, Nomura, Republic of China, Masayoshi Son


Oil and gas giants Chevron and Occidental are backing tech to combat carbon emissions

Carbon Engineering, a Canadian company developing technology to remove carbon dioxide from the atmosphere and process it for use in enhanced oil recovery or in the creation of new synthetic fuels, has locked in financing from two big industry backers — Chevron and Occidental Petroleum — to bring its products to market. The undisclosed amount of capital Carbon Engineering raised from the investment arms of two of the world’s largest oil and gas companies — Oxy Low Carbon Ventures and Chevron Tech...
Tags: Energy, TC, Microsoft, Climate Change, California, Tech, Renewable Energy, Chemistry, Nature, Bill Gates, Oil And Gas, Richard Branson, Jeff Bezos, Chemicals, Energy Storage, Michael Bloomberg


It took a day for WeWork's CEO to recover from the shock of a $16 billion SoftBank investment falling apart

WeWork — the coworking space startup that just changed its name to The We Company — was recently informed it wouldn't receive the full $16 billion investment it was expecting from SoftBank. Plans for the major investment reportedly upset some of SoftBank's government-supported financial backers in Saudi Arabia and Abu Dhabi, who questioned putting so much capital into a startup that was losing money. It reportedly only took a day for Adam Neumann, CEO of what was then still called WeWork, to s...
Tags: Saudi Arabia, Softbank, Trends, United Arab Emirates, WeWork, Son, Abu Dhabi, Fast Company, British Airways, Neumann, Adam, Adam Neumann, Masayoshi Son, The We Company, Masayoshi -RSB- Son


WeWork rebranding won’t work

The company formerly known as WeWork has rebranded as the We Company — although a better name for its network of on-demand office spaces for the newly incorporated and nominally employed; co-living spaces for the same Easyjet-set; and educational and coding services could be “House of Cards”. News of the rebranding (first reported via Fast Company) comes on the heels of reports that the company would no longer be receiving a planned $16 billion golden parachute to escape a soon-to-be-sinking rea...
Tags: TC, Real Estate, Softbank, Tech, Bloomberg, Bank, WeWork, Easyjet, Fast Company, Neumann, Adam Neumann, Masayoshi Son, SoftBank Group, SoftBank Vision Fund, Real Estate Investment, Vision Fund


For SoftBank, no majority stake in WeWork as it scales down talks from a new $16 billion investment to $2 billion

Several weeks after it was reported by the WSJ that two of the biggest investors in SoftBank’s massive Vision Fund vehicle were cool on its planned $16 billion investment in the coworking company WeWork, those plans have changed radically, says the Financial Times. According to its sources — and confirmed by our own — SoftBank is now in “detailed negotiations” to invest a comparatively modest $2 billion more into WeWork, plans that could be firmed up as soon as the end of this week. A WeWork ...
Tags: Real Estate, Saudi Arabia, Boston, Softbank, Tech, Community, WeWork, Abu Dhabi, Financial Times, Journal, WSJ, Zymergen, Neumann, Emeryville, Adam Neumann, Masayoshi Son


SoftBank has slashed a planned $16 billion mega-investment in WeWork after facing objections and will now invest $2 billion (SFTBY)

SoftBank has backed off its plans to invest an additional $16 billion into the privately-held workspace startup WeWork, according to the Financial Times. Instead, the Japanese tech company will invest just $2 billion, according to the report. The deal has not yet been finalized. SoftBank's initial plan, reported in October, would have given it a majority stake in WeWork. But the size of the deal reportedly upset some of its biggest financial backers in Saudi Arabia and Abu Dhabi. SoftBank has...
Tags: California, Saudi Arabia, Softbank, Trends, Virgin Galactic, WeWork, Abu Dhabi, Times, Wall Street Journal, Masayoshi Son, SpaceX Blue Origin, Financial Times Instead, Abu Dhabi SoftBank, Financial Times Instead SoftBank


SoftBank IPO's Weak Debut Is Still a Win for Masayoshi Son

SoftBank Corp., the Japanese telecommunications business of the billionaire’s technology empire, fell 7 percent to 1,192 yen just after the open in Tokyo on Thursday, hurt by concerns over an impending price war that could hit profits. “A concern is how secure this dividend is,” Pelham Smithers, whose London-based firm offers equity research on Asian technology companies, wrote in a note to clients. The IPO was a victory for Son, who is amassing more cash to bet on new enterprises even in the ...
Tags: Science, London, Ipo, Tokyo, Masayoshi Son, Softbank Corp, Softbank IPO, Pelham Smithers


With today’s IPO sinking, a year of highs and lows for SoftBank

If there was a word that dominated startup and tech news coverage this year, it was SoftBank. The Japanese telecom conglomerate’s Vision Fund pushed out a prodigious amount of capital this year — quite literally billions of dollars — into companies as diverse as a molecular manufacturer (Zymergen) and a robotic pizza delivery business (Zume Pizza). It was a year of highs as its Flipkart transaction produced billions in returns, as well as a year of incredible lows, what with the crisis over Saud...
Tags: Apple, Amazon, TC, Uber, Asia, Japan, London, Hardware, Saudi Arabia, Finance, Government, Kingdom, Softbank, Tech, Walmart, Bloomberg


SoftBank telco suffers $9 billion slump on debut after record IPO: Reuters

SoftBank Corp (9434.T) shares sank 15 percent on debut, wiping $9 billion off their value, as investors sold off the telecoms operator after its record IPO on worries about a recent service outage and its exposure to Chinese telecoms gear maker Huawei. The poor start for the unit of tech investment giant SoftBank Group Corp (9984.T) meant that for Japan’s mom-and-pop investors concerns about the company and the nation’s telecoms market trumped the appeal of the group’s charismatic founder Masayo...
Tags: Japan, Ipo, Softbank, Trends, IPOs, Beijing, Rakuten, Huawei, Reuters, SoftBank Group Corp, Sanford C Bernstein, Masayoshi Son, Tokyo Stock Exchange, KDDI Corp, Huawei Technologies Co Ltd, Chris Lane


Breakingviews - SoftBank writedown will cloud Son’s way forward | Reuters

Breakingviews - SoftBank writedown will cloud Son’s way forward | Reuters:SoftBank’s Vision Fund is due a writedown. The Saudi Arabia-backed tech investor, with $97 billion at its disposal, reported a 27 percent gain on $28 billion of investments as of September. That success will reverse in 2019.Since its inception in 2017, the fund has invested at optimistic-looking valuations. Take WeWork, the money-losing office sublessor. The Vision Fund and SoftBank’s investment in 2017 valued it at $20 bi...
Tags: Travel, Saudi Arabia, Softbank, Wall Street Journal, Reuters, Masayoshi Son, Rupert Neil Bumfrey, Moody 's Investors Service, Vision Fund


Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund

Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion led by the SoftBank megafund and Alibaba. SoftBank and Alibaba are existing investors in the business — the Chinese e-commerce giant led a $1.1 billion round last year, while SoftBank recently transitioned its shareholding in Tokopedia to the Vision Fund. That latter detail is what held up this deal which had been agreed in principle back in October, TechCrunch understands. To...
Tags: Fundings & Exits, TC, Ecommerce, Asia, Business, Indonesia, Saudi Arabia, China, Southeast Asia, Softbank, Funding, Tech, E-commerce, Economy, Alibaba, Korea


Softbank prices its $23.5 billion IPO — one of the biggest of all time

SoftBank priced its initial public offering Monday. The conglomerate is set to raise as much as 2.65 trillion Japanese yen ($23.5 billion) through the issuance of up to 1.76 billion shares at 1,500 yen ($13) apiece. That makes it the biggest-ever IPO in Japan and one of the largest of all time globally, just shy of Alibaba's $25 billion US IPO. SoftBank will debut on the Tokyo Stock Exchange on December 19. Japan's SoftBank on Monday announced that it will raise 2.65 trillion Japanese yen (...
Tags: Japan, Ipo, Softbank, US, Trends, Alibaba, Masayoshi Son, Tokyo Stock Exchange, Jamal Khashoggi


Ex-Facebook exec Kirthiga Reddy becomes first female investing partner at SoftBank’s Vision Fund

Following speculation that SoftBank is hiring a China-based team, the Japanese investment giant has brought on its first venture partner for its $100 billion Vision Fund. Kirthiga Reddy, a former executive with Facebook, has taken the role and, in doing so, she becomes the first female investing partner with SoftBank’s Vision Fund team. She will be based in San Carlos, Silicon Valley. Reddy spent eight years at Facebook, mostly as managing director for its business in India and Southeast A...
Tags: Google, TC, Facebook, China, Southeast Asia, India, Softbank, Social Media, Linkedin, Tech, Bloomberg, Software, United States, Computing, Vodafone, Venture Capital


Ex-Facebook exec Kirthiga Reddy becomes first female investor at SoftBank’s Vision Fund

Following speculation that SoftBank is hiring a China-based team, so the Japanese investment giant has brought on a first venture partner (and first female) for its $100 billion Vision Fund. Kirthiga Reddy, a former executive with Facebook, has taken the role and, in doing so, she becomes the first female member of SoftBank’s Vision Fund investment team. She will be based in San Carlos, Silicon Valley. Reddy spent eight years at Facebook, mostly as managing director for its business in India ...
Tags: Google, TC, Facebook, China, Southeast Asia, India, Softbank, Social Media, Linkedin, Tech, Bloomberg, Software, United States, Computing, Vodafone, Advisors


The trust dilemma of continuous background checks

First, background checks at startups, then Huawei’s finance chief is arrested, SoftBank’s IPO is subscribed, and I am about to record our next edition of TechCrunch Equity. It’s Thursday, December 6, 2018. TechCrunch is experimenting with new content forms. This is a rough draft of something new – provide your feedback directly to the author (Danny at [email protected]) if you like or hate something here. The dilemma of continuous background checks My colleague John Biggs covered the Ser...
Tags: Startups, Asia, Privacy, Government, China, Ipo, Softbank, Israel, America, San Francisco, Tech, Bloomberg, Iran, Artificial Intelligence, Policy, Canada


Korean e-commerce firm Coupang raises $2 billion from SoftBank’s Vision Fund

Just days after a CIA report concluded that Saudi Crown Prince Mohammed bin Salman ordered the murder of journalist Jamal Khashoggi, SoftBank’s Vision Fund — the gargantuan investment vehicle anchored by a $45 billion investment from Saudi Arabia’s PIF sovereign fund — is back in check-writing action. Coupang, Korea’s largest e-commerce firm, revealed today that it has raised $2 billion from the Vision Fund. The investment comes weeks after SoftBank’s stake in Coupang was transferred over ...
Tags: Amazon, Fundings & Exits, Ecommerce, Asia, Washington Post, Saudi Arabia, Softbank, Funding, Tech, Beijing, United States, Korea, Silicon Valley, Cia, Kim, Son


Okay, one final Form D note

Some more comments from readers on the changing culture around startups filing their Form Ds with the SEC, and then a short update on SoftBank and a bunch more article reviews. We are experimenting with new content forms at TechCrunch. This is a rough draft of something new – provide your feedback directly to the authors: Danny at [email protected] or Arman at [email protected] if you like or hate something here. Lawyers are pretty uniform that disclosure is no longer ideal ...
Tags: Fundings & Exits, Startups, TC, Facebook, Asia, Japan, Finance, China, Ipo, Iraq, Softbank, Bloomberg, United States, Xi Jinping, Alibaba, Venture Capital


The world's biggest tech investor will target a $21 billion IPO in December

Japanese conglomerate SoftBank is launching an initial public offering (IPO) of its mobile division in December. The IPO is set at 2.4 trillion yen, roughly $21 billion, making it one of the biggest floats ever. SoftBank is known for its investments in tech, many of which are done through its Saudi-backed Vision Fund. SoftBank has been granted approval for an initial public offering of its telecoms division at 2.4 trillion yen ($21.04 billion), a filing showed on Monday. A new entity called S...
Tags: Amazon, Japan, Saudi Arabia, Ipo, Softbank, Trends, Istanbul, Reuters, Mohammed bin Salman, Masayoshi Son, Tokyo Stock Exchange, Saudi Arabian, Softbank Corp, Vision Fund, Khashoggi, Vision Fund SoftBank


Japan is cracking down on SoftBank’s revenue

First, a couple of quick follow-ups to our coverage of Form Ds yesterday, and then a deeper dive into the challenges SoftBank is facing with regards to its revenue in Japan. Finally, some notes on recent articles we have read. We are experimenting with new content forms at TechCrunch. This is a rough draft of something new – provide your feedback directly to the authors: Danny at [email protected] or Arman at [email protected] if you like or hate something here. Form D(isappeari...
Tags: Travel, Amazon, Startups, Transportation, Asia, Japan, Finance, China, Ipo, Softbank, San Francisco, Bloomberg, Fbi, United States, Shinzo Abe, Venture Capital


Uber's board reportedly held a 'marathon meeting' as it grapples with its ties to Saudi Arabia

Uber's board held a "marathon meeting" last week, Bloomberg reported, as the company grapples with its ties to Saudi Arabia in the wake of Washington Post journalist Jamal Khashoggi's murder.  The Kingdom now reportedly owns more than 10% of the ride-hailing firm, which is eyeing an IPO as valuable as $120 billion next year.  Uber CEO Dara Khosrowshahi was one of the first to pull out of Saudi Arabia’s Future Investment conference in October after the murder of Washington Post journalist Jama...
Tags: Uber, Washington Post, Saudi Arabia, Ipo, Kingdom, Softbank, US, Trends, Bloomberg, Davos, US Treasury, Travis Kalanick, Kalanick, Jamie Dimon, Signal, Blackrock


The disappearing Form D

We are experimenting with new content forms at TechCrunch. This is a rough draft of something new – provide your feedback directly to the authors: Danny at [email protected] or Arman at [email protected] if you like or hate something here. Ignoring the midterm hysteria, we continue our obsession with SoftBank today by looking at the group’s IPO of its telecom unit, but first, some thoughts about Form Ds. Recently, I was looking up the investment history of Patreon (note: I ...
Tags: Startups, TC, Japan, Finance, China, Ipo, Softbank, US, San Francisco, Tech, Bank Of America, Bloomberg, Atlantic, United States, Venture Capital, Deutsche Bank


SoftBank’s debt obsession

We are experimenting with new content forms at TechCrunch. This is a rough draft of something new. Provide your feedback directly to the authors: Danny at [email protected] or Arman at [email protected] if you like or hate something here. Today, we are focused on SoftBank . The Wall Street Journal and others reported that Masayoshi Son, the founder and CEO of SoftBank, will take into account the killing of Saudi Arabian journalist Jamal Khashoggi when considering whether to ...
Tags: Travel, Startups, TC, Asia, Saudi Arabia, Finance, China, Kingdom, India, Softbank, Bank Of America, Bloomberg, United States, Pakistan, Sprint, Shanghai


SoftBank's Son defends Saudi ties as kingdom-backed fund boosts profit

SoftBank Group Corp CEO Masayoshi Son on Monday condemned the killing of a journalist by Saudi security personnel, and said his firm must carry out its responsibility to the kingdom's citizens whose money is invested in its Vision Fund.
Tags: Money, Softbank, businessNews, SoftBank Group Corp, Masayoshi Son


Despite Killing, SoftBank Chief Sees ‘Responsibility’ to Invest in Saudi Arabia

Masayoshi Son, the chief executive of Japan’s SoftBank Group, condemned the murder of Jamal Khashoggi but added that “we cannot turn our backs on the Saudi people.”
Tags: Japan, News, Saudi Arabia, Softbank, Son, Masayoshi Son, Jamal, SoftBank Group, Sovereign Wealth Funds, SOFTBANK Corporation, Assassinations and Attempted Assassinations, Masayoshi, Mohammed bin Salman (1985-, Khashoggi, Jamal Khashoggi


SoftBank Chief Won’t Turn Back on Saudi Arabia Despite Killing

Masayoshi Son, the chief executive of Japan’s SoftBank Group, condemned the murder of Jamal Khashoggi but added that “we cannot turn our backs on the Saudi people.”
Tags: Japan, News, Saudi Arabia, Softbank, Son, Masayoshi Son, Jamal, SoftBank Group, Sovereign Wealth Funds, SOFTBANK Corporation, Assassinations and Attempted Assassinations, Masayoshi, Mohammed bin Salman (1985-, Khashoggi, Jamal Khashoggi


SoftBank CEO decries journalist's death, defends Saudi fund

TOKYO (AP) — SoftBank Group Corp. Chief Executive Masayoshi Son has denounced the killing of Saudi journalist Jamal Khashoggi, but defended the Japanese technology giant's investment fund, which includes Saudi money, as work that... [Author: [email protected]]
Tags: Business, Softbank, Ap, Tokyo, SoftBank Group Corp, Masayoshi Son, Jamal Khashoggi


SoftBank boss condemns Khashoggi murder, but won't end ties

The head of Japanese firm SoftBank on Monday condemned the killing of Saudi journalist Jamal Khashoggi, but indicated he would continue to do business with Saudi Arabia. "We were deeply saddened by the news of Mr Khashoggi's murder and condemn this act against humanity and also journalism and free speech. This was a horrific and deeply regrettable act," said Masayoshi Son in his first comments on the killing.
Tags: News, Saudi Arabia, Softbank, Masayoshi Son, Khashoggi, Jamal Khashoggi


SoftBank to wait on Khashoggi murder investigation before deciding on second Vision Fund

SoftBank CEO Masayoshi Son says the company won’t walk away from its existing commitment with the Saudi Arabian royal family — the largest LP in its $100 billion Vision Fund — but the firm will wait on the outcome of an investigation into the death of journalist Jamal Khashoggi before deciding on whether to continue the relationship. In his first public remarks following the gruesome death of Khashoggi, whose murder last month is linked with Saudi Arabia’s Crown Prince Mohammad bin Salman, So...
Tags: Food, Fundings & Exits, Asia, Saudi Arabia, Softbank, Funding, Tech, Ceo, View, Virgin Galactic, Middle East, Richard Branson, Silicon Valley, Son, Prince, Journalist


SoftBank's Saudi ties in focus as CEO Son makes first appearance since journalist murder

Japan's SoftBank Group Corp CEO Masayoshi Son will face questions shortly on Monday about his company's dependence on Saudi Arabia, in his first public appearance since the murder of a journalist by Saudi security forces sparked global outrage.
Tags: Japan, Money, Saudi Arabia, Softbank, businessNews, SoftBank Group Corp, Masayoshi Son