September 04, 2020
Report: SoftBank Buy Propelled Summer Tech Stock Surge
A multi-billion dollar investment by Japan’s SoftBank Group Corp. in stock options tied to individual technology companies helped the sector, and the rest of the market with it, seemingly defy...
August 17, 2020
SoftBank Reveals Stakes In Amazon, Alphabet, Netflix And Tesla
SoftBank has built a stake worth around $1.2 billion in Amazon, according to regulatory filings as reported by Reuters. That comes alongside other stakes, filings show, in other noteworthy companies...
July 05, 2020
Google Eyes Investing In Indonesia’s eCommerce Hub Tokopedia
Google and Temasek Holdings Private Ltd., an investment company owned by the Singapore government, are in talks to invest as much as $1 billion for Tokopedia, sources told Bloomberg News....
June 24, 2020
Credit Suisse Eyes Its Supply Chain Finance Funds Amid Investor...
Credit Suisse Group has started to look into funds invested in loans arranged by billionaire Lex Greensill and backed by Masayoshi Son’s SoftBank Vision Fund, Bloomberg reports. The largest Switzerland...
June 09, 2020
WeWork Eyes Closing Doors On Its WeLive Shared-Housing Communities
WeWork is considering ending its plans for WeLive, its communal living program based in Crystal City near Washington D.C., Bloomberg reports from anonymous sources. It is also reportedly weighing options...
June 03, 2020
LVMH Eyes Ways To Change $16.2B Tiffany & Co Purchase
LVMH is considering walking back its deal to purchase Tiffany & Co. for $16.2 billion due to the effects the pandemic and recent U.S. social unrest have had on the...
May 18, 2020
SoftBank CEO Says WeWork Investment Was ‘Foolish’
It’s not often that a CEO publicly admits they made a blunder, but that’s just what SoftBank Founder and CEO Masayoshi Son did Monday (May 18) regarding the firm’s WeWork...
April 13, 2020
SoftBank’s Struggling Vision Fund On Track To Lose $16.5B
SoftBank Group Corp. is forecasting that its $100 billion Vision Fund will lose $16.5 billion in the financial year ending March 31, which means the group as a whole will...
March 29, 2020
Satellite Internet Startup OneWeb Closes After SoftBank Fund Raise Fails
OneWeb, which wanted to make internet access worldwide and widespread, has filed for bankruptcy and let most of its employees go after it couldn’t get any more funding, according to...