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SoftBank’s Masayoshi Son predicts 15 of the companies in its $100 billion Vision Fund will go bankrupt
SoftBank has become much stricter with the companies in its $100 billion Vision Fund after its stake in WeWork seems unlikely to pay off.
SoftBank’s CEO now says its $9 billion bet on WeWork and Adam Neumann was a mistake — but he still thinks WeWork will end up making money
"It's not science, it's art. You get excited with an entrepreneur who seems great but does not necessarily deliver a great return."
SoftBank reportedly considered a big move to take the company private before settling on a plan to sell off billions in assets
SoftBank CEO Masayoshi Son reportedly discussed taking the company private with investors including activist shareholder Elliot Management.
SoftBank could walk away from the $3 billion WeWork stock buybacks it agreed to as part of its bailout plan: WSJ
The Japanese investor cited regulatory inquiries from US agencies including the SEC and the Justice Department as rationale to pull out.
SoftBank billionaire Masayoshi Son broke a 3-year Twitter silence to promise 1 million coronavirus tests, then backpedalled
Son was met with intense backlash online after saying he would offer 1 million free tests for the virus.
Oyo is axing 5,000 staff.
‘We were kings of the world’: WeWork’s Adam Neumann fostered a culture of superiority at the troubled coworking startup
"Adam was the sun and we all revolved around him," a WeWork employee told the Financial Times after the IPO collapsed and Neumann stepped down.
Warren Buffett, Bill Gates, and the rabbit-duck illusion: SoftBank’s CEO used the famous image to rebrand as an investor
"Mr Buffett and myself are a little bit different," Masayoshi Son said. "I'm still making some craziness."
The Uber and WeWork investor owns nearly 85% of the wireless carrier's shares, which soared after a judge approved Sprint's merger with T-Mobile.
Activist investor Elliott Management has built a more than $2.5 billion stake in SoftBank, the conglomerate behind WeWork
SoftBank's battered stock became appealing to Elliott after WeWork's failed initial public offering process, according to The Journal.