Posts filtered by tags: SoftBank Group Corp[x]


 

SoftBank to borrow $4.5 billion pledging domestic telco's shares

SoftBank Group Corp said on Wednesday it plans to borrow up to 500 billion yen ($4.5 billion) from 16 domestic and foreign financial institutions using almost a third of its stake in telco SoftBank Corp as collateral.
Tags: Money, Softbank, businessNews, SoftBank Group Corp, Softbank Corp


SoftBank to borrow up to $4.5 billion using domestic telco's shares as collateral

SoftBank Group Corp said on Wednesday it plans to borrow up to 500 billion yen ($4.5 billion) from 16 financial domestic and foreign institutions using part of its stake in telco SoftBank Corp as collateral.
Tags: Money, Softbank, businessNews, SoftBank Group Corp, Softbank Corp


SoftBank spends $2.5 billion to get second Vision Fund off the ground: sources - Reuters

SoftBank spends $2.5 billion to get second Vision Fund off the ground: sources - Reuters:SoftBank Group Corp (9984.T) has pumped $2.5 billion of its own cash into new investments since October, people familiar with the matter said, hoping to restore its money-making credentials as it courts investors for a successor to its Vision Fund.The Japanese technology conglomerate is also considering investing another $2.5 billion of its own money, one of the people said.SoftBank Chief Executive Masayoshi...
Tags: Travel, Softbank, Reuters, SoftBank Group Corp, Masayoshi Son, Rupert Neil Bumfrey


SoftBank spends $2.5 billion to get second Vision Fund off the ground - sources

SoftBank Group Corp has pumped $2.5 billion of its own cash into new investments since October, people familiar with the matter said, hoping to restore its money-making credentials as it courts investors for a successor to its Vision Fund.
Tags: Money, Softbank, businessNews, SoftBank Group Corp


M&A Quarterly News In The Financial Services Industry Sector

The report below gives a good overview of the first quarter M&A activity in the Financial Services Industry Sector. M&A activity for North American based target companies in the Financial Services sector for Q3 2019 included 224 closed deals, according to data published by industry data tracker FactSet. One of the notable middle market transactions in the sector was announced in October when Redwood Trust, Inc. acquired CoreVest American Finance Lender, LLC from Fortress Investment Group LLC, u...
Tags: Business, US, Mergers, Mergers and Acquisitions, Financial Services, SoftBank Group Corp, Irvine California, Fortress Investment Group LLC, FactSet, David Sinyard, Corporate Finance Associates, Financial Services Industry Sector, Entire Financial Services, Acquistitions, Merger-and-acquisition, Mergers-acquisitions


Oyo Investor SoftBank Hit by Another Earnings Setback as Profit Plummets

SoftBank Group Corp reported a near-total wipe out in quarterly profit on Wednesday, after the Japanese technology investor was whiplashed for a second consecutive quarter by losses at its $100 billion Vision Fund.
Tags: Travel, SoftBank Group Corp


SoftBank profit wiped out by Vision Fund losses, second fund scaled back

Quarterly profit at SoftBank Group Corp was almost wiped out as the Japanese technology giant was hit for a second straight quarter by losses at its $100 billion Vision Fund.
Tags: Money, Softbank, businessNews, SoftBank Group Corp, Vision Fund


SoftBank Group quarterly profit wiped out by Vision Fund losses

SoftBank Group Corp reported a near-total wipe out in quarterly profit on Wednesday, after the Japanese technology investor was whiplashed for a second consecutive quarter by losses at its $100 billion Vision Fund.
Tags: Money, businessNews, SoftBank Group Corp, SoftBank Group


SoftBank stock surges to seven-month high after judge OKs Sprint-T-Mobile merger

SoftBank Group Corp stock surged to its highest price in over half a year in Tokyo on Wednesday, after a U.S. federal judge rejected an antitrust challenge to the proposed takeover of subsidiary Sprint Corp by T-Mobile US Inc .
Tags: Money, Softbank, businessNews, Tokyo, SoftBank Group Corp, Sprint T Mobile


SoftBank shares open 12.5% higher after T-Mobile-Sprint merger approval

SoftBank Group Corp shares opened 12.5% higher on Wednesday morning after a federal judge approved the takeover of its U.S. wireless unit Sprint Corp by T-Mobile US Inc .
Tags: Money, Softbank, businessNews, SoftBank Group Corp, U S wireless, T Mobile Sprint


Japan telecom SoftBank Corp CEO sees Elliott investment as 'positive'

Japanese telecom SoftBank Corp's CEO Ken Miyauchi on Friday welcomed hedge fund Elliott Management's investment in parent SoftBank Group Corp saying the activist investor's assessment of the stock as undervalued was "positive".
Tags: Japan, Money, businessNews, Elliott, SoftBank Group Corp, Elliott Management, Softbank Corp, Ken Miyauchi


Japan telco SoftBank Corp CEO sees Elliot investment as 'positive'

Japanese telco SoftBank Corp's CEO Ken Miyauchi on Friday welcomed hedge fund Elliot Management's investment in parent SoftBank Group Corp saying the activist investor's assessment of the stock as undervalued was "positive".
Tags: Japan, Money, businessNews, Elliot, SoftBank Group Corp, Elliot Management, Softbank Corp, Ken Miyauchi


SoftBank wants its on-demand portfolio to stop losing so much money

SoftBank wants its competing portfolio companies to stop losing so much money and, in some cases, to merge. That’s the news out from the Financial Times today, which reported that Uber and DoorDash discussed merging last year. The talks didn’t wind up in a deal. The two companies, each heavily backed by SoftBank and its formerly active Vision Fund, compete in the food delivery space at great expense. Uber’s Eats business turned $392 million in adjusted net revenue in Q3 2019 into $316 mill...
Tags: Fundings & Exits, Startups, TC, Uber, Japan, China, Softbank, Tech, M&a, Bird, Wall Street Journal, Latin America, Financial Times, Uber Eats, Doordash, SoftBank Group Corp


WeWork inks office space deal with SoftBank-backed Gympass - sources

WeWork has signed a deal to provide space to 250 employees of gym membership app company Gympass in New York, the latest example of the U.S. office-sharing start-up's majority owner, SoftBank Group Corp , using its connections to buoy its business, people familiar with the matter said on Sunday.
Tags: New York, Money, Softbank, businessNews, WeWork, SoftBank Group Corp, Gympass


SoftBank says former employee arrested on suspicion of leaking company info

A former employee of SoftBank Group Corp's wireless business has been arrested on suspicion of leaking company information, the telecommunications firm said on Saturday.
Tags: Money, Softbank, businessNews, SoftBank Group Corp


Trump and Apple's Tim Cook to meet at Davos

Impeached phony president and utter turd of a man Donald Trump will attend a breakfast meeting on Wednesday at Davos with Apple Chief Executive Tim Cook, Reuters reports. Trump is meeting with with other business leaders on the sidelines of the annual meeting of the World Economic Forum in Davos, Switzerland, reports Reuters. On Tuesday, Trump and Ivanka and Jared Kushner hosted a dinner with executives from 25 multinational companies and organizations. Excerpt: Attendees discussed their busin...
Tags: Apple, Facebook, Post, Business, New York, Technology, Cook, News, Finance, White House, Nokia, Tech, Economy, Paypal, Davos, United States


SoftBank's Son eyes further Indonesia investment

SoftBank Group Corp founder and chief executive, Masayoshi Son, said on Friday he wants to expand his tech conglomerate's investments in Indonesia, in remarks following a meeting with President Joko Widodo.
Tags: Money, Indonesia, Softbank, businessNews, SoftBank Group Corp, Masayoshi Son


SoftBank in talks to sell stake in Indian renewable energy venture - ET

SoftBank Group Corp is in talks to sell a majority stake in its renewable energy joint venture in India as it looks to raise cash after facing setbacks to its global investments, India's Economic Times daily reported on Thursday.
Tags: Money, India, Softbank, businessNews, SoftBank Group Corp, India s Economic Times


SoftBank in talks to sell stake in Indian renewables venture - ET

SoftBank Group Corp is in talks to sell a majority stake in its renewables joint venture in India as it aims to raise cash amid global investment setbacks, India's Economic Times daily reported on Thursday.
Tags: Money, India, Softbank, businessNews, SoftBank Group Corp, India s Economic Times


Uniqlo founder Yanai resigns as SoftBank board member after 18 years

Japan's SoftBank Group Corp said Tadashi Yanai, founder and CEO of Uniqlo parent Fast Retailing, will resign as independent board member at the end of the month after 18 years on the job to focus on his fashion business.
Tags: Japan, Money, Softbank, businessNews, SoftBank Group Corp, Tadashi Yanai, Yanai


2019’s 10 defining moments in venture capital

Every year, the tech industry experiences moments that serve as guideposts for future entrepreneurs and investors looking to profit from the wisdom of the past. In 2017, Susan Fowler published her heroic blog post criticizing Uber for its culture of sexual harassment, helping spark the #MeToo movement within the tech industry; 2018 was the year of the scooter, in which venture capitalists raced to pour buckets of cash into startups like Bird, Lime and Spin, hoping consumer adoption of micro-mobi...
Tags: Startups, Lyft, Uber, New York, Ipo, Softbank, Israel, Tech, Getty Images, New York Times, Venture Capital, Silicon Valley, WeWork, Cnbc, Bill Gurley, Elizabeth Holmes


SoftBank Vision Fund Employees Depict a Culture of Recklessness - Bloomberg

SoftBank Vision Fund Employees Depict a Culture of Recklessness - Bloomberg:Every six weeks or so, the SoftBank Vision Fund, the biggest source of investment money flowing to Silicon Valley, convenes a multihour video conference call for 75 people on three continents to catch up on its startups. Masayoshi Son, the Japanese billionaire and founder of the fund’s parent company, SoftBank Group Corp., usually dials in from Tokyo. Masa, as Son is universally known, can be charming and effusively comp...
Tags: Travel, Softbank, Silicon Valley, Son, SoftBank Group Corp, Masayoshi Son, Matsui, Rupert Neil Bumfrey, SoftBank Vision Fund, Vision Fund, Recklessness Bloomberg, Tokyo Masa, Kentaro Matsui


Apple, Intel file antitrust case vs SoftBank-owned firm over patent practices

Apple Inc and Intel Corp on Wednesday filed an antitrust lawsuit against Fortress Investment Group, alleging the SoftBank Group Corp unit stockpiled patents to hold up tech firms with lawsuits demanding as much as $5.1 billion.
Tags: Money, Softbank, businessNews, Apple Inc, SoftBank Group Corp, Fortress Investment Group, Intel Corp, Apple Intel


WeWork To Lay Off 2,400 Employees in SoftBank Revamp

WeWork said on Thursday it is laying off around 2,400 employees globally, as the office-sharing company seeks to drastically cut costs and stabilize its business after it transformed from a Wall Street darling into a pariah in a matter of weeks. From a report: The long-anticipated layoffs are the biggest move yet by Japanese technology investment company SoftBank Group Corp, which is providing a $9.5 billion lifeline and will soon own about 80 percent of its shares, to make sure WeWork refocuses...
Tags: Softbank, Tech, WeWork, SoftBank Group Corp, Adam Neumann WeWork


Apple, Intel file antitrust case against SoftBank-owned firm over patent practices

Apple Inc and Intel Corp on Wednesday filed an antitrust lawsuit against Fortress Investment Group, alleging the SoftBank Group Corp unit stockpiled patents to hold up tech firms with lawsuits demanding as much as $5.1 billion.
Tags: Money, Softbank, businessNews, Apple Inc, SoftBank Group Corp, Fortress Investment Group, Intel Corp, Apple Intel


Apple, Intel file antitrust case against SoftBank-backed firm over patent practices

Apple Inc and Intel Corp on Wednesday filed an antitrust lawsuit against SoftBank Group Corp-owned Fortress Investment Group, alleging the firm stockpiled patents to hold up technology companies with lawsuits demanding as much as $5.1 billion from Apple.
Tags: Money, Softbank, businessNews, Apple Inc, SoftBank Group Corp, Fortress Investment Group, Intel Corp, Apple Intel


SoftBank CEO Son says his judgement 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 .
Tags: Money, Softbank, businessNews, WeWork, Son, SoftBank Group Corp


SoftBank's second-quarter whiplashed by $8.9 billion loss in Vision Fund

SoftBank Group Corp reported its first quarterly loss in 14 years on Wednesday, with its giant Vision Fund suffering a 970 billion yen ($8.9 billion) loss on falling valuations of top tech bets such as WeWork and Uber.
Tags: Money, Softbank, businessNews, WeWork, SoftBank Group Corp, Vision Fund


Japan’s SoftBank tumbles into losses over costly investments

TOKYO (AP) — Japanese technology company SoftBank Group Corp. has tumbled into losses for the fiscal second quarter over money-losing investments, including a bailout for office-space sharing startup WeWork. The Tokyo-based company reported Wednesday a July-September loss of 700 billion yen ($6.4 billion), down from a 526 billion yen profit the same period a year […]
Tags: Business, Japan, News, Softbank, Ap, Tokyo, SoftBank Group Corp


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 .
Tags: Money, businessNews, WeWork, SoftBank Group Corp, SoftBank Group