Japan’s SoftBank tumbles into losses over costly investments

Business 11/06/19, 05:10

Japanese technology company SoftBank Group Corp. tumbled into losses in the last quarter as its earnings were hammered by money-losing investments, including a bailout for office-space sharing startup WeWork. SoftBank's founder, Masayoshi Son, said he was regretting "mistaken investment moves." He said the situation at WeWork was under control, and he ...

Japan’s SoftBank invests in US office space-sharing WeWork

Business 11/15/18, 00:08

American office space-sharing company WeWork has obtained $3 billion in funding from Japanese technology conglomerate SoftBank Group Corp.The new funding comes in addition to the $1 billion raised from SoftBank last quarter, WeWork spokesperson Kumiko Hidaka said Thursday.WeWork, which targets startups, is operating not only in the U.S. but also ...

SoftBank mobile unit to go for IPO raising some $20 billion

Business 11/12/18, 05:07

Japanese technology company SoftBank Group Corp. will carry out an initial public offering of its Japanese mobile subsidiary, set for Dec. 19, in what will likely be one of the world's biggest IPOs.The Tokyo Stock Exchange approved the listing of 1.6 billion shares of SoftBank Corp. Monday, at 1,500 yen ...

SoftBank CEO decries journalist’s death, defends Saudi fund

Business 11/05/18, 05:37

SoftBank Group Corp. Chief Executive Masayoshi Son denounced Monday the killing of Saudi journalist Jamal Khashoggi, but defended the Japanese technology giant's investment fund, which includes Saudi money, as work that needs to be finished.Speaking at an earnings news conference, Son called the death an attack on "a precious life ...

End of content

No more pages to load