Page 10 - Softbank Group

Oyo Hotels is slashing footprint and headcount in virus-hit Japan

The Indian start-up slashed its regional presence by closing offices in provincial centers Sapporo, Sendai, Nagano, Hiroshima and Omiya at the end of June, Chief Business Officer Ryota Tanozaki said.

Fresh troubles for SoftBank's Masayoshi Son as Wirecard drama unfolds

Wirecard won't force SoftBank to write down any assets - because the tech conglomerate never put money into Wirecard itself.

SoftBank Group seeks to raise additional $10 billion for Vision Fund

The fund plans to reserve some of the remaining cash to pay back a coupon attached to the Saudi investment, said some of the people

SoftBank unveils $4.8 bn buyback after stock tumble, Elliott backs move

SoftBank shares fell as much 9.6% to a 14-month low on Friday amid a crash in global stock markets, but pared losses to close down 5% in Tokyo.

Oyo plans to entice coronavirus-stricken hotels in Japan with cash

To pay members a sum equal to a proportion of past year's revenue

SoftBank to buy back up to $4.8 bn of shares after pressure from Elliott

Elliott, one of the world's most powerful activist investors, has amassed a holding of almost $3 billion in SoftBank

Series-B round props Automation Anywhere's valuation three-fold to $6.8 bn

Salesforce Ventures leads $290 mn funding with participation from SoftBank, Goldman Sachs. Firm plans to double India headcount to 1,900 in next few years

SoftBank's second Vision Fund is starting life a lot smaller than the first

SoftBank said in July that its second Vision Fund would be even larger than the first, which broke records in 2017 by raising almost $100 billion

SoftBank takes control of WeWork as part of bailout, Neumann to leave board

The deal would value WeWork's parent company at about $8 bn

SoftBank Group in talks for $5-billion rescue financing for WeWork

The funds will come directly from SoftBank, rather than its Vision Fund, according to a person familiar with the matter

Softbank bets on former Sprint boss Marcelo Claure to fix WeWork

Masayoshi Son, the head of SoftBank, has asked the former CEO of Sprint to take a more hands-on role helping oversee a cleanup of the office-rental company from his position at SoftBank

SoftBank plans to lend up to $20 billion to employees to invest in new fund

The loans are likely to have an interest rate of about 5%

SoftBank to commit $40 billion to second Vision Fund, says report

SoftBank's board will meet on Thursday to approve the commitment, the WSJ reported, citing people familiar with the matter

Softbank Corp to spend $4 bn to increase stake in Yahoo Japan to nearly 45%

The company forecast Wednesday that with the additional stake in Yahoo, its revenue will rise to 4.8 trillion yen ($43.6 billion) in this fiscal year

SoftBank Group unveils $5.5 bn stock buyback, reports 60% rise in Q3 profit

The buyback comes after SoftBank Group raised 2.35 trillion yen in December by listing about a third of the shares in domestic telco SoftBank Corp

SoftBank arm, Essel group to jointly develop 500-MW solar park in India

The agreement will enable the Softbank Group to expand its portfolio further in country and is part of aggressive growth strategy adopted here, a source close to the Subash Chandra-run company said

$22-billion rout: Softbank pays heavy price for ties with Saudi

The kingdom is the biggest outside investor in SoftBank's $100 billion Vision Fund, which has backed Uber Technologies, WeWork, Didi Chuxing and Slack Technologies

SoftBank Group nearing $500 million investment in ride-hailing firm Grab

Six-year-old Grab has garnered more than $6 billion in total funding, led by SoftBank, Chinese ride-hailing firm Didi Chuxing and Toyota Motor Corp

SoftBank Corp to buy $2 bn worth of shares held by US firm in Yahoo Japan

SoftBank will buy the shares via a tender offer at 360 yen per share, equivalent to Monday's close

SoftBank plans major shift in strategy, Son to focus on tech investments

SoftBank and its investment vehicle Vision Fund, which raised over $93 billion last year, have stormed the world of dealmaking, buying up stakes in disruptive tech companies