February 04, 2020
US SoftBank Exec Exiting Vision Fund
Michael Ronen, a former Goldman Sachs banker who joined SoftBank in 2017, is leaving the conglomerate’s $100 billion Vision Fund over “issues,” the Financial Times reported on Tuesday (Feb. 4). Ronen...
January 17, 2020
SoftBank Could Invest $40B In New Indonesian Capital
While no figure has been suggested yet, SoftBank has reportedly offered to invest a maximum of $40 billion in a new capital city Indonesia intends to create on Borneo island. Indonesian President...
January 10, 2020
SoftBank To Invest In Indonesia’s Sustainable City
SoftBank Chief Executive and Founder Masayoshi Son wants to invest in the building of a $34 billion smart capital in Indonesia that would focus on renewable resources, according to a...
January 03, 2020
Employees Claim OYO Uses Corrupt Practices To Boost Growth
The New York Times is reporting that OYO, a quickly growing hotel startup that aims to be the largest hotel chain in the world by 2023, has inflated its numbers...
December 23, 2019
Japanese Lenders Hinder Softbank’s WeWork Bailout
SoftBank’s negotiations with Japan’s three dominant lenders to procure $3 billion as part of a $9.5 billion WeWork bailout have been hindered by lending limits, Reuters reported on Monday (Dec....
December 13, 2019
WeWork’s Bid To Find A New Lease On Life
For WeWork – a new lease on life? The clock may be ticking. As reported Friday (Dec. 13), the beleaguered real estate company is eyeing the possibility of exiting 100...
December 12, 2019
SoftBank-Backed OneConnect Takes A 50 Pct Valuation Hit
China’s cloud-based FinTech platform OneConnect reduced its U.S. initial public offering (IPO) on Thursday (Dec. 12) by nearly 50 percent, the Financial Times (FT) reported. The move is a blow...
December 10, 2019
SoftBank Parts Ways With Dog-Walking Startup Wag
SoftBank is giving up on the dog-walking startup Wag after investing $300 million two years ago, The Wall Street Journal (WSJ) reported on Monday (Dec. 9). Wag CEO Garrett Smallwood...
December 08, 2019
SoftBank Founder Plans To Invest ‘More And More’ Despite WeWork...
Alibaba’s Jack Ma warned SoftBank’s Masayoshi Son that having too much money can lead to a “lot of mistakes.” “You don’t make mistakes when you don’t have money,” Ma said...