Sources: SoftBank halts talks about a ~$50B acquisition of US data center operator Switch, a setback to Masayoshi Son's goal to roll out Stargate infrastructure
SoftBank Group Corp. has halted talks about an acquisition of US data center operator Switch Inc., a setback …
SoftBank sold its entire Nvidia stake, or ~32M shares, in October for $5.8B and part of its T-Mobile stake for $9.2B, boosting Q2 profit to $16.2B, above est.
Net profit doubles to $16bn on gains from OpenAI and PayPay holdings — Masayoshi Son's SoftBank Group has sold its entire stake …
SoftBank reports Q1 net profit of $2.87B, vs. ~$850M est., boosted by its Nvidia investment, and says Vision Funds had a “late-stage portfolio valued at $45B”
Masayoshi Son's technology group has been making aggressive AI investments — SoftBank made a net profit of $2.9bn …
Masayoshi Son's $100B AI investment pledge to Trump would require a massive fundraising effort, new debt, or selling some of SoftBank's holdings to raise cash
Eliot Brown / Wall Street Journal :
A look at SoftBank-owned PayPay, which holds a two-thirds share of the QR-code payments market in Japan and could be next in the conglomerate's IPO pipeline
- Firm chases gross merchant value growth of over 30% this year — PayPay seen to be next in SoftBank's arsenal of possible IPOs X: @japantimes , @naveenathresh , and @leeminjeong83 X: @japantimes : P...
SoftBank plans to sell SoftBank Ventures Asia, which manages ~$2B in assets, to an entity led by Masayoshi Son's brother Taizo Son, for an undisclosed sum
Min Jeong Lee / Bloomberg :
Sources say Masayoshi Son's profit-sharing plan for Vision Fund employees is contributing to a stream of defections, because it is based primarily on seniority
Ever since billionaire investor Masayoshi Son set up the giant Vision Fund in 2017 to provide backing for technology startups … Tweets: @gilliantan and @pelstrom Tweets: Gillian Tan / @gilliantan : So...
SoftBank forecasts a $7B net loss for the year ending in March, due to coronavirus and losses related to WeWork, and expects an operating loss of $12.5B
then its share price pumped TechCrunch : SoftBank expects $24 billion in losses from Vision Fund, WeWork and OneWeb investments Sam Nussey / Reuters : SoftBank shares fall 3.5% after flagging first fi...
Current and ex-employees of SoftBank's Vision Fund describe an environment of sycophancy towards Son, harassment, rivalries, and a culture of recklessness
Masayoshi Son's venture capital firm is famous for making outsize bets on tech startups. It has also been described as an environment of sycophancy and harassment. Tweets: @bw , @puiwingtam , @shirao...
Sources detail SoftBank Vision Fund investors' concerns, driven by Saudi Arabia and Abu Dhabi, about Masayoshi Son's plan to acquire a majority stake in WeWork
Wall Street Journal :