Tag - masayoshi-son

 
 

MASAYOSHI SON

Japan Times
BUSINESS / Companies
Nov 9, 2019
WeWork and SoftBank sued over canceled IPO
WeWork officials and SoftBank are being sued by minority shareholders to recoup losses as the shared workspace provider pulled its initial public offering and saw its value plunge more than 87 percent.
Japan Times
BUSINESS / Companies
Nov 7, 2019
SoftBank's Son says it's business as usual after record loss, but Tokyo traders aren't buying it
Masayoshi Son wants investors to believe that a record loss from investments in money-losing startups WeWork and Uber Technologies Inc. is but a bump in the road. Some aren't buying it.
Japan Times
BUSINESS / Companies
Nov 7, 2019
After WeWork and Uber turmoil, SoftBank lurches into the red
SoftBank Group Corp. on Wednesday reported its first quarterly operating loss in 14 years — ¥704.4 billion (about $6.5 billion) — after writing down the value of a string of marquee investments, including WeWork and Uber Technologies Inc.
Japan Times
BUSINESS / Companies
Oct 17, 2019
SoftBank plans $5 billion in rescue financing for WeWork
SoftBank Group Corp. is in discussions to provide WeWork with roughly $5 billion of rescue financing in an effort to salvage one of the conglomerate's biggest investments.
Japan Times
BUSINESS / Companies
Oct 8, 2019
SoftBank's damage from Uber and WeWork could exceed $5 billion
Masayoshi Son's startups have had a rough few months, from a botched initial public offering by WeWork to a sharp decline in shares of Uber Technologies Inc.
Japan Times
BUSINESS / Companies
Oct 2, 2019
SoftBank debtholders hope for more caution after WeWork woes
Many bond market participants still think SoftBank is a relatively safe bet, but a bumpy few weeks for the corporate investor has prompted some to pine for a bit more caution.
Japan Times
BUSINESS / Companies
Oct 1, 2019
SoftBank has a lesson for startups with WeWork coup: Your dreams had better be profitable
Masayoshi Son, long known as a free-spending benefactor who encouraged startup founders to pursue their dreams even if it meant losing billions of dollars, had a different message for entrepreneurs last month: Your dreams had better be profitable.
Japan Times
BUSINESS / Companies
Sep 30, 2019
SoftBank plans to name former Sprint boss to help fix WeWork
SoftBank Group Corp. is tapping Marcelo Claure to help turn around WeWork after ousting co-founder and Chief Executive Officer Adam Neumann from the corner office last week.
Japan Times
BUSINESS / Companies
Sep 28, 2019
SoftBank plans to pull in former Sprint boss Marcelo Claure to help fix WeWork's problems
SoftBank Group Corp. is tapping Marcelo Claure to help turn around WeWork, after ousting co-founder and Chief Executive Officer Adam Neumann from the corner office last week.
Japan Times
BUSINESS / Companies
Aug 7, 2019
SoftBank Group's quarterly profit jumps to ¥1.12 trillion, the highest recorded for a Japanese firm
SoftBank Group Corp. said Wednesday its group net profit in the April-June period jumped more than threefold to a record ¥1.12 trillion ($10.6 billion) from a year earlier — marking the best quarter for a Japanese firm since 2004 — boosted by a special profit from selling part of its stake in Chinese...
Japan Times
BUSINESS
Jul 26, 2019
SoftBank to be top investor in $108 billion second Vision Fund, with CEO Son silent on Saudi role
The conglomerate aims to raise $108 billion for a second Vision Fund, replacing Saudi Arabia as the largest investor as its targets opportunities in cutting-edge technologies.
BUSINESS
Jul 18, 2019
Japan 'underdeveloped' in use of AI technology, says SoftBank's Masayoshi Son
SoftBank Group Corp. Chairman and CEO Masayoshi Son said Thursday that Japan has become an "underdeveloped" country in the use of artificial intelligence in businesses, lagging behind China, India and Southeast Asian countries that have fast-growing technology companies.
Japan Times
BUSINESS
Jul 5, 2019
SoftBank's Masayoshi Son urges Moon to focus South Korea on developing AI
SoftBank Group Corp. Chairman and CEO Masayoshi Son proposed to South Korean President Moon Jae In on Thursday that South Korea focus on the national development of artificial intelligence, the presidential office said.
Japan Times
BUSINESS / Companies
May 6, 2019
SoftBank has a big Sprint problem on its hands if T-Mobile takeover falls through
No one has more riding on Sprint Corp.'s $26.5 billion sale to T-Mobile US Inc. than SoftBank Group and its founder, Masayoshi Son.
Japan Times
BUSINESS / Markets
Apr 24, 2019
SoftBank's Masayoshi Son lost $130 million in bad bet on bitcoin, report says
SoftBank founder Masayoshi Son made a huge personal bet on bitcoin just as prices peaked, losing more than $130 million, the Wall Street Journal reported.
Japan Times
BUSINESS / Tech
Apr 18, 2019
'Shooting for big game': Softbank's push for transport dominance
SoftBank Group Corp. leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc. turn into more than $13 billion when the company goes public next month.
Japan Times
BUSINESS / Companies
Apr 4, 2019
SoftBank to seek $15 billion more for huge Saudi-backed Vision Fund
For SoftBank Group Corp., $100 billion (¥11 trillion) isn't enough. The conglomerate, which has reshaped the technology startup landscape with its Saudi-backed Vision Fund, is in talks with investors to add as much as $15 billion more to its already massive fund, according to people familiar with the...
Japan Times
JAPAN / History / Heisei Icons
Feb 7, 2019
Masayoshi Son: Betting big and winning
There's a well-known anecdote about Masayoshi Son, the maverick billionaire founder and chief executive of SoftBank Group Corp. and the man behind the world's largest technology investment fund.
Japan Times
BUSINESS / Companies
Feb 6, 2019
SoftBank Group reports 62% jump in operating profit, rising to record high
SoftBank Group Corp. on Wednesday reported robust earnings for the April-December period, crediting positive returns on investments in other businesses and ventures.
Japan Times
BUSINESS
Jan 24, 2019
Japanese firms hopping on ride-hailing bandwagon in Southeast Asia
Japanese firms are involved in a clash of titans that is expected to intensify this year between two successful ride-hailing startups in Southeast Asia.

Longform

Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'