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SoftBank has taken serious heat for its WeWork and Uber losses — but one Wall Street analyst says the company will recover from here
The Japanese telecommunications company reported a $6.5 billion operating loss for the recent quarter.
The managers of SoftBank's $100 billion Vision Fund slashed their pre-bailout valuation of WeWork by 83% in the space of three months.
Meet Masayoshi Son, the Japanese billionaire with a $14 billion personal fortune whose SoftBank mega-fund lost more than $4.7 billion investing in WeW...
Masayoshi Son is the founder and CEO of Japanese holding company SoftBank, which invests millions in some of Silicon Valley's biggest tech companies.
SoftBank on Wednesday said it slashed WeWork's valuation to just $7.8 billion, a fraction of its $47 billion valuation in January.
WSJ: SoftBank, WeWork’s largest investor, takes control of the embattled office company, with cofounder Adam Neumann stepping down
SoftBank will give Adam Neumann $1.7 billion, The Wall Street Journal said. He'll get a $185 million consulting fee and will step down from the board.
WeWork is expected to delay its planned public offering until at least October. Previously, it was expected to complete it by the end of this month.
The biggest backers of SoftBank’s $100 billion Vision Fund are reportedly reconsidering their investments in the second one after Uber and WeWor...
Saudi Arabia's Public Investment Fund and Abu Dhabi's Mubadala Investment poured $60 billion combined into SoftBank's first Vision Fund.
Assuming it doesn't sell any shares at the same time, SoftBank's move would bring its total investment to more than $11 billion.
The billionaire CEO of the Japanese tech giant, Masayoshi Son, plans to deploy a massive wave of capital raised from high-profile investors.
SoftBank's first Vision Fund invested in some of Silicon Valley's hottest companies like Uber, Slack, and WeWork.