Techmeme

Results 61 - 70 of about 160:

Bloomberg:
Sources: SoftBank passed on investing in Cadre after Jared Kushner did not divest his stake in the real estate startup, as requested by SoftBank   —  SoftBank wanted Kushner to divest.  He wouldn't, and deal talks died.  It was a missed opportunity for a start-up beset by tech limits, high turnover and unfulfilled promise.
Nov 14, 2019, 12:20 PMIn context
Pavel Alpeyev / Bloomberg:
SoftBank reports a loss of $6.5B, its first quarterly operating loss in 14 years, and a loss of $8.9B in the Vision Fund, including a charge of $4.6B for WeWork   —  SoftBank Group Corp. reported its first quarterly operating loss in 14 years after writing down the value of some of its marquee investments …
Nov 6, 2019, 2:20 AMIn context
Wall Street Journal:
Companies in Vision Fund's portfolio, like Wag and Fair, are struggling; sources say Oyo founder invested $2B in his company with a loan backed by Masayoshi Son   —  Other companies the huge tech investment fund has backed have struggled lately  —  SoftBank Group Corp. 's longtime strategy …
Nov 4, 2019, 10:40 PMIn context
Bloomberg:
Sources: SoftBank is planning to take a writedown of at least $5B to reflect a plunge in the value of some of its biggest holdings, including WeWork and Uber   —  SoftBank is planning to take a writedown of at least $5 billion to reflect a plunge in the value of some of its biggest holdings …
Oct 24, 2019, 7:00 PMIn context
Anirban Sen / Reuters:
Sources: SoftBank is struggling to raise money for Vision Fund 2; it is likely to be far smaller, at least at the start, than the $108B it said it had lined up   —  (Reuters) - SoftBank Group founder and CEO Masayoshi Son is struggling to raise money for a second massive technology investment fund …
Oct 4, 2019, 2:35 PMIn context
Sara Ashley O'Brien / CNN:
Former employees of dog-walking startup Wag, which raised $300M from SoftBank and replaced CEO in Jan. 2018, describe slowed growth, multiple layoffs, and more   —  (CNN)At the start of 2018, Wag looked like tech's next Big Thing.  —  In January, the founders of the dog-walking startup announced …
Sep 27, 2019, 2:45 PMIn context
Bloomberg:
Sources: SoftBank Vision Fund backers Saudi Arabia's PIF and UAE's Mubadala are reconsidering how much to commit to Vision Fund II as a big bet on WeWork sours   —  - Saudis, Abu Dhabi consider dramatically cutting investment  — Discussions follow WeWork IPO process, drop in valuation
Sep 16, 2019, 1:15 PMIn context
Financial Times:
Sources: SoftBank urges WeWork to cancel IPO following cool reception from investors, amid fears it could affect SoftBank's Vision Fund fundraising efforts   —  SoftBank, the biggest outside shareholder in WeWork, is urging the lossmaking property group to shelve its hotly anticipated initial public offering …
Sep 9, 2019, 6:30 PMIn context
Allison Ingersoll / Bloomberg:
Kansas-based C2FO, which operates a enterprise-focused marketplace for working capital, raises $200M led by SoftBank Vision Fund   —  - Biggest round for C2FO with SoftBank's investment largest ever  — Plans to use money to expand operations in India, China, Japan
Aug 7, 2019, 11:05 AMIn context
Ryan Browne / CNBC:
SoftBank says Q1 operating profit at Vision and Delta funds was $3.74M, up 66% YoY, due to valuation increases for its investments in OYO, Slack, and DoorDash   —  KEY POINTS  —  SoftBank Group Corp. Chairman and Chief Executive Officer Masayoshi Son speaks during a press conference on May 10, 2017 in Tokyo, Japan.
Aug 7, 2019, 9:10 AMIn context

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