Japanese giant SoftBank has seen its share price fall sharply today, due to its exposure to continued US-tech selloffs. The company opened trading on Monday 2.6% down, and ended it with a…
Rajeev Misra, Head of SoftBank Vision Fund, Accused of “Honey Trap” Plot
Rajeev Misra, the head of SoftBank’s Vision Fund, has been accused of a sensational plot to blackmail SoftBank’s then-president in 2015. According to a Wall Street Journal exposé, Misra planned to sabotage…
SoftBank-backed Zume Cuts Staff, as Japan Investor Rolls Back Startup Ambition
Robotic pizzamaker Zume is laying off half its staff and will stop making pizzas, its co-founder and CEO has announced. Alex Garden said the California-headquartered firm will now concentrate on its packaging…
Under the Hood of SoftBank’s $5 Billion Latin American Fund
SoftBank isn’t a company that shies from controversy. Its $9.5 billion rescue deal for WeWork caused major concern—especially given former CEO Adam Neumann’s $1.7bn payout, and operating losses totaling $1.25bn. So shaky…
SoftBank Takes Massive Hit on Stock Tumble, and Saudi Khashoggi Outcry
Japan’s SoftBank Group Corp has devalued by as much as $22 billion, on the back of a global tech stock tumble, and ongoing outrage over Saudi Arabia’s alleged slaying of a prominent…
Didi and SoftBank to Pour $2bn into Taxi Firm Grab
DiDi Chuxing and SoftBank are investing a combined $2 billion in Grab, formerly known as GrabTaxi, Southeast Asia’s premier ride-hailing app. The company, which operates in 65 cities across seven nations, is…
All Hail the Unicorn Maker: Is SoftBank’s Vision Fund Good for Tech?
Masayoshi Son has always been a bit of a gambler. In 2000, during the first dot com bubble, the 59-year-old SoftBank founder lost a record $70 billion. Undeterred, he continued with his…
SoftBank Tech Fund Becomes World’s Largest with $93bn War Chest
SoftBank has announced that it has raised $93 billion for a new tech investment fund, which will become the largest in history. The Japanese telecoms giant, currently valued at $78.6bn, raised capital for…