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SoftBank Turning Off Money Spigot For Vision Fund Companies
News

SoftBank Turning Off Money Spigot For Vision Fund Companies

... with each other in pushing the product type forward. With SoftBank declining to lead a new round of private investing, Light ... returns, multiple experts told Bisnow in late April. If even SoftBank is pulling back on injecting new capital into its investments ...

Apr 26, 2022
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SoftBank
News

SoftBank Will Launch A Blank Check Company — But WeWork Will Stay Private For Now

... Goldman Sachs and Citigroup will manage the IPO process. SoftBank technically could end up taking one of its portfolio companies ... Alibaba and, more recently, Uber.  Misra, who helped launch SoftBank's $100B first Vision Fund, said at the Milken Institute ...

Oct 14, 2020
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WeWork CEO Adam Neumann
News

SoftBank On Verge Of $500M Settlement With WeWork Founder Adam Neumann

... In May 2020, Neumann filed suit against SoftBank. In December, a court in Delaware  ... owner of the NBA's Sacramento Kings. SoftBank created its own blank check company last ... .  Ahead of the failed 2019 IPO, SoftBank's investment rounds in WeWork valued the ...

Feb 23, 2021
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Catalyst_2-630x470
News

SoftBank Providing $200M To Keep Construction Company Katerra Afloat

... of WeWork in late 2019, The Wall Street Journal reports. SoftBank has already put about $2B into the construction company. As ... flow in 2022. After a series of notable poor investments, SoftBank turned in a reasonably good 2020. Rising tech stocks helped ...

Jan 04, 2021
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SoftBank's Second Vision Fund Struggling To Attract Investors As First Fund Bleeds Leadership
News

SoftBank's Second Vision Fund Struggling To Attract Investors As First Fund Bleeds Leadership

... real estate investments in particular. Ron Fisher, one of SoftBank CEO Masayoshi Son's longest-serving executives, is also ... Global investor confidence in Son remains shaken by what the SoftBank chief himself called "really bad judgment" in his encouragement ...

Feb 05, 2020
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SoftBank
News

SoftBank Won't Buy $3B In WeWork Stock As Planned, Citing Investigations

... what authorities were investigating, the Wall Street Journal reports. SoftBank also said the pandemic is one of the reasons ... and demanding refunds. “WeWork is in real trouble and SoftBank’s withdrawal from the share purchase worsens the situation materially ...

Apr 02, 2020
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SoftBank Leads $1B Funding Round For Warehouse-To-Consumer Delivery App GoPuff
News

SoftBank Leads $1B Funding Round For Warehouse-To-Consumer Delivery App GoPuff

... according to its website. Though some overlap exists in SoftBank's portfolio between GoPuff and DoorDash, which focuses more heavily ... profile investments, Uber and WeWork, by more than $5B. SoftBank and its CEO, Masayoshi Son, have been criticized for ...

Jan 21, 2020
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SoftBank Expects Up To $6.6B Loss From WeWork Over The Past Year
News

SoftBank Expects Up To $6.6B Loss From WeWork Over The Past Year

... is zero,” Redex Holdings analyst Kirk Boodry told Reuters. SoftBank, led by billionaire Masayoshi Son, has been the biggest ... , injecting the startup with billions in cash and inserting SoftBank's chief operating officer, Marcelo Claure, as WeWork chairman ...

Apr 30, 2020
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WeWork Common Area Chelsea 6th Floor
News

SoftBank Puts Another Cool Billion Into WeWork As The Coworking Giant's Losses, Revenues Balloon

... in July, which was led by Trustbridge Partners, Temasek, SoftBank and Hony Capital. About a year earlier, WeWork China ... bagged its first round of investment, also $500M, from SoftBank and Hony Capital. Chinese WeWork competitor MyDreamPlus Technology Co. in ...

Aug 13, 2018
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SoftBank
News

SoftBank Balks At $3B Purchase Of WeWork Shares

SoftBank said in a letter to WeWork investors that potential probes ... not, however, abandoning WeWork all together. The other part of SoftBank's bailout was a pledge of $5B in financing that ...

Mar 17, 2020
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