The Irish Times

SoftBank posts record €26bn Vision Fund loss

Rising interest rates and Chinese tech sector crackdown damage funds’ biggest holdings

Thu May 12 2022 - 07:57

‘Hard to overstate the incompetence’: The best business quotes of 2021

The most memorable utterances of the year on bitcoin, climate action and more

Fri Dec 31 2021 - 05:53

SoftBank shares fall as value of portfolio companies plummet

As of Monday, firm trading at more than a 50% discount to its October 1st net asset value

Mon Dec 06 2021 - 07:57

Japan’s grand Olympics vision continues to falter amid political failures

Government’s handling of coronavirus pandemic means Games remain in doubt

Tue May 25 2021 - 15:20

SoftBank’s Son hails ‘golden eggs’ as Vision Fund rallies

Landmark fund recovers from WeWork flop and Covid slowdown

Mon Feb 08 2021 - 12:01

Hedge fund Elliott pulls out of Hong Kong

Activist fund becomes one of the first financial institutions to withdraw from the territory

Tue Jan 19 2021 - 16:42

Nvidia secures control of key global tech with $40bn Arm deal

Company at pains to allay conflict of interest concerns with UK chip designer’s clients

Mon Sept 14 2020 - 18:33

SoftBank sheds $8.9bn as ‘whale’ options bets unnerve traders

Retail investors concerned group is increasingly behaving like a risk-hungry hedge fund

Mon Sept 07 2020 - 15:47

WeWork on track for profits in 2021, says chairman

New York-based company has slashed its workforce from a high of 14,000 last year to 5,600 currently

Sun Jul 12 2020 - 13:33

Fading Vision Fund to tip SoftBank into first loss in 15 years

SoftBank’s finances are being squeezed after a disastrous bet on co-working firm WeWork

Mon Apr 13 2020 - 13:25

SoftBank criticises Moody’s after debt downgrade

Rating agency’s decision to move technology group down two notches sparks anger

Wed Mar 25 2020 - 16:48

Japanese tech group SoftBank plans €38bn asset sale to cut debt

Response to halving of share price includes plan to repurchase some of its own stock

Mon Mar 23 2020 - 20:51

SoftBank Group quarterly profit wiped out by vision fund losses

Softbank is already turning the corner, boss Masayoshi Son says

Wed Feb 12 2020 - 10:39

SoftBank’s $3bn WeWork financing talks stall with Japan banks, sources say

Internal lending limits to firm complicate rescue package for WeWork

Mon Dec 23 2019 - 17:24

Investors cool on overheated private equity markets

Overblown valuations mean that a ‘great public market reckoning’ may be under way

Tue Oct 29 2019 - 05:00

WeWork set to cut up to 4,000 jobs as part of turnaround plan

SoftBank took control of troubled co-working company this week

Thu Oct 24 2019 - 09:30

WeWork plans 4,000 job cuts in turnaround plan

Japan’s Softbank took control of co-working business this week

Wed Oct 23 2019 - 19:01

SoftBank in talks to take control of WeWork amid cash crunch

Japanese group prepares financing package for property group

Mon Oct 14 2019 - 07:13

Softbank weighs cost of WeWork’s cancelled IPO

Japanese investment house also struggling with poor performance at Uber and Sack

Tue Oct 08 2019 - 11:31

SoftBank moves to oust Neumann as WeWork chief executive

Uncertainty over whether rebel investors can succeed but IPO prospect damaged either way

Mon Sept 23 2019 - 18:59

SoftBank urges WeWork to shelve IPO over valuation concern

We Company considering slashing IPO valuation - sources

Tue Sept 10 2019 - 07:04

WeWork is considering slashing the valuation it will seek in IPO

Shared office company is looking to a value of $20bn, less than half its valuation during a private fundraising round in January

Fri Sept 06 2019 - 14:53

SoftBank looking ahead to second wave of startup funding

Vision Fund 2 to start investing soon as profits from tech giant’s first €89bn fund leap

Wed Aug 07 2019 - 12:46

SoftBank plans to launch second Vision Fund with $108bn

Fund follows investments in Uber and WeWork

Fri Jul 26 2019 - 13:46

SoftBank to slash planned WeWork investment

Japanese company is in detailed talks to inject $2bn into WeWork this year, much lower than the $16bn that had been discussed towards the end of 2018

Mon Jan 07 2019 - 19:26

Honda, Toyota’s investments in autonomous vehicles could prove pricey

How much capital will it take before Japanese fims strike gold?

Thu Oct 04 2018 - 08:01

SoftBank shares jump as plans to invest in Alibaba unit revealed

Japanese company’s Vision Fund plans to lead an investment of $3-$5bn into Ele.me

Tue Aug 07 2018 - 10:30

SoftBank to participate in Dublin’s smart cities test bed

Japanese firm is investing in the Internet of Things, pegging it as a future valuable market

Mon Jul 30 2018 - 03:18

Sprint and T-Mobile in €120 bn Deal to take on AT&T, Verizon

The new company will use the T-Mobile name

Sun Apr 29 2018 - 17:40

Altice lines up $185bn pitch for cable group Charter

Acquisitive European group could be set for latest round of US media consolidation

Wed Aug 09 2017 - 19:55

Softbank CEO Masayoshi Son plans stake in Uber or Lyft

Japanese tech conglomerate’s investment would deepen its position in US

Mon Aug 07 2017 - 19:00

Uber rival Grab raises $2bn in fresh fund round

Move brings firm’s valuation to $6bn and makes it most valuable start-up in Southeast Asia

Mon Jul 24 2017 - 16:50

Dixons Carphone to end US joint venture with Sprint network

Telecoms retailer to focus on its Honeybee tablet sales software

Fri Jun 09 2017 - 19:43

Foxconn wants Apple to join it in bid for Toshiba’s memory business

Sale of flash business critical to loss-making Japanese conglomerate’s survival

Mon Apr 17 2017 - 19:27