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Page 4 - Masayoshi Son

SoftBank builds $1.2 billion Amazon stake; invests in Netflix, Tesla

Chief Executive Masayoshi Son last week announced a new investment management subsidiary that would park excess cash from a massive asset sale programme in liquid stocks

SoftBank builds $1.2 billion Amazon stake; invests in Netflix, Tesla
Updated On : 17 Aug 2020 | 9:34 PM IST

No more a tech firm: Softbank gives up pretending it isn't a hegde fund

Masayoshi Son used to run a tech company but he has not 'operated' anything for a while.

No more a tech firm: Softbank gives up pretending it isn't a hegde fund
Updated On : 12 Aug 2020 | 11:32 AM IST

SoftBank touts Vision Fund gains, ditches operating profit as yardstick

Chief Executive Masayoshi Son has long emphasised the total value of assets as his preferred yardstick

SoftBank touts Vision Fund gains, ditches operating profit as yardstick
Updated On : 11 Aug 2020 | 9:56 PM IST

With SoftBank rally, founder Masayoshi Son adds $12 bn to fortune

With SoftBank Group's shares surging to their highest price in two decades on Thursday, Son's net worth hit $20 billion

With SoftBank rally, founder Masayoshi Son adds $12 bn to fortune
Updated On : 11 Jul 2020 | 12:22 AM IST

SoftBank Group shares reach highest level since 2000 on recovery hopes

The stock rose 4.6 per cent to 6,190 yen ($58) on Tuesday, the highest since March 2000.

SoftBank Group shares reach highest level since 2000 on recovery hopes
Updated On : 07 Jul 2020 | 10:27 PM IST

SoftBank stock bounces to 2020 peak as buyers look beyond WeWork

The stock rose 2.6 per cent on Friday to 5,778 yen ($54), the highest since July 2019

SoftBank stock bounces to 2020 peak as buyers look beyond WeWork
Updated On : 04 Jul 2020 | 12:21 AM IST

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.

Fresh troubles for SoftBank's Masayoshi Son as Wirecard drama unfolds
Updated On : 03 Jul 2020 | 1:03 AM IST

SoftBank Group founder Masayoshi Son and Alibaba's Jack Ma part ways

"It's not like we had a fight," Son said during the virtual shareholder meeting. "This was perfectly amicable."

SoftBank Group founder Masayoshi Son and Alibaba's Jack Ma part ways
Updated On : 26 Jun 2020 | 2:21 AM IST

SoftBank's Son leaves Alibaba board following Jack Ma's departure

SoftBank is a major investor in Alibaba and Son joined Alibaba's board in 2005. Ma joined the SoftBank board in 2007

SoftBank's Son leaves Alibaba board following Jack Ma's departure
Updated On : 25 Jun 2020 | 6:42 PM IST

SoftBank spent $570 mn to buy back shares in May under repurchase programme

The buyback programme has caused jitters at credit rating agencies, with S&P Global Ratings saying on Thursday it puts SoftBank's financial rigour in question

SoftBank spent $570 mn to buy back shares in May under repurchase programme
Updated On : 12 Jun 2020 | 3:04 PM IST

WeWork co-founder Neumann sues SoftBank over failed $3 bn tender offer

Adam Neumann's lawsuit alleges 'brazen abuses' on part of Japan's SoftBank Group Corp and its Vision Fund.

WeWork co-founder Neumann sues SoftBank over failed $3 bn tender offer
Updated On : 05 May 2020 | 2:01 PM IST

SoftBank Group sees wider loss of $8.4 billion on WeWork write-down

The Japanese company made the announcement in a statement Thursday, citing more than 1 trillion yen of non-operating losses from investments held outside of its $100 billion Vision Fund.

SoftBank Group sees wider loss of $8.4 billion on WeWork write-down
Updated On : 01 May 2020 | 12:51 AM IST

SoftBank to sell up to $41 billion in assets to buy shares, reduce debt

The buyback tops the $20 billion in purchases sought by activist hedge fund Elliott Management

SoftBank to sell up to $41 billion in assets to buy shares, reduce debt
Updated On : 23 Mar 2020 | 2:11 PM IST

Indonesia plans 2032 Olympics bid for new capital with SoftBank's backing

Son met with Widodo and Blair about the new capital on Feb. 28, and the discussion included sports facilities but not the Olympics, according to a presidential spokesman

Indonesia plans 2032 Olympics bid for new capital with SoftBank's backing
Updated On : 10 Mar 2020 | 2:20 PM IST

SoftBank CEO defends track record, tells US investors he'll be more careful

Son's approach to investing heavily in firms with disruptive technology potential and giving carte blanche to founders of startups he backs has helped make him one of the world's wealthiest investors

SoftBank CEO defends track record, tells US investors he'll be more careful
Updated On : 03 Mar 2020 | 10:44 AM IST

Top SoftBank exec ran smear campaigns against Nikesh Arora, Sama: Report

Misra planted negative stories against Nikesh Arora to damage his reputation in the company

Top SoftBank exec ran smear campaigns against Nikesh Arora, Sama: Report
Updated On : 28 Feb 2020 | 3:48 PM IST

SoftBank's Masayoshi Son to pitch US investors under cloud of WeWork

In private meetings with SoftBank, Elliott raised issues over the clarity of SoftBank's strategy, people familiar with the talks said

SoftBank's Masayoshi Son to pitch US investors under cloud of WeWork
Updated On : 22 Feb 2020 | 1:39 AM IST

SoftBank spends $2.5 bn to get second Vision Fund off the ground: Report

SoftBank was targeting a $108 billion fundraise for the second Vision Fund and had committed $38 billion of its own money towards that goal

SoftBank spends $2.5 bn to get second Vision Fund off the ground: Report
Updated On : 18 Feb 2020 | 9:38 PM IST

Masayoshi Son's other big real estate bet has some real problems

SoftBank declined to comment on Oyo's internal issues and practices beyond Son's comments, but said it believes the company can have a sustainable expansion in Japan with good corporate governance.

Masayoshi Son's other big real estate bet has some real problems
Updated On : 18 Feb 2020 | 12:21 AM IST

Softbank India head Manoj Kohli's journey from 'Mr Dependable' to rainmaker

After a five-year stint as executive chairman of SB Energy, Manoj Kohli will be SoftBank boss Masayoshi Son's rainmaker

Softbank India head Manoj Kohli's journey from 'Mr Dependable' to rainmaker
Updated On : 23 Jan 2020 | 11:02 PM IST