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Financial Times:
Sources: SoftBank has invested $500M+ into Credit Suisse supply-chain finance funds that then made big bets on the debt of struggling SoftBank-backed startups   —  Japanese conglomerate engages in circular flow of financing to Vision Fund start-ups  —  SoftBank has quietly poured more than $500m …
Jun 14, 2020, 7:40 PMIn context
Lulu Yilun Chen / Bloomberg:
Didi Chuxing raises $500M led by SoftBank for its autonomous driving division, the first external investment for the fledgling self-driving subsidiary   —  Didi Chuxing has scored more than $500 million of funding for its autonomous driving division in a round led by the SoftBank Vision Fund …
May 29, 2020, 5:05 AMIn context
Bloomberg:
Interviews shed light on the strained relationship between Masayoshi Son and Vision Fund leader Rajeev Misra, who some say has created a divisive workplace   —  Son's support tested after $18 billion in writedowns, clashes with internal rivals  —  In early March, before the coronavirus pandemic triggered …
May 22, 2020, 9:50 AMIn context
Pavel Alpeyev / Bloomberg:
SoftBank Vision Fund records $17.7B loss in the last fiscal year after writing down investments including WeWork and Uber, reports a net loss of $8.96B   —  SoftBank Group Corp. said its Vision Fund business lost 1.9 trillion yen ($17.7 billion) last fiscal year after writing down the value of investments …
May 18, 2020, 3:02 AMIn context
Sam Nussey / Reuters:
SoftBank says it sees a loss of ~$6.6B in the year ending March on its WeWork investment held outside the Vision Fund, extending its expected net loss to $8.4B   —  TOKYO (Reuters) - SoftBank Group Corp (9984.T) said it sees a loss of around 700 billion yen ($6.6 billion) …
Apr 30, 2020, 8:30 AMIn context
Paul Sawers / VentureBeat:
Enterprise-focused data storage startup Cohesity raises $250M Series E, led by DFJ Growth and others, at a $2.5B valuation, bringing its total raised to $650M+   —  Enterprise-focused data storage startup Cohesity has raised $250 million in a series E round of funding led by DFJ Growth …
Apr 9, 2020, 9:25 AMIn context
Alex Konrad / Forbes:
Interview with Masayoshi Son on WeWork and the role of the Vision Fund within SoftBank; he expects 15 companies in the Vision Fund portfolio to go bankrupt   —  Covering venture capital, software and startups  —  Between the WeWork debacle and the coronavirus, the markets …
Apr 6, 2020, 10:35 PMIn context
Bloomberg:
Sources: SoftBank-backed car-rental startup Getaround, once valued at $1B+, is actively seeking a sale as it deals with the impacts of the COVID-19 outbreak   —  The car-sharing company Getaround is actively seeking a sale as the coronavirus outbreak has sent demand plunging and left …
Mar 21, 2020, 1:30 AMIn context
Bloomberg:
Sources: SoftBank is seeking to raise an additional $10B so its ~$100B first Vision Fund can support portfolio companies battered amid the coronavirus pandemic   —  SoftBank Group Corp. is seeking to raise an additional $10 billion so its first Vision Fund can support portfolio companies battered amid …
Mar 19, 2020, 1:10 PMIn context
Alex Sherman / CNBC:
Interview with Vision Fund chief Rajeev Misra, who admits the fund made many investment mistakes and denies he smeared other high-ranking SoftBank executives   —  - Rajeev Misra, who leads SoftBank's Vision Fund, has largely been quiet as criticism has mounted.
Mar 7, 2020, 9:45 PMIn context

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