Breaking Down SoftBank Results

May.19 — Chris Lane, senior research analyst for Asia-Pacific telecommunications at Sanford C. Bernstein, discusses SoftBank Group Corp.’s financial results and outlook. SoftBank said its Vision Fund business lost 1.9 trillion yen ($17.7 billion) last fiscal year after writing down the value of investments, triggering the worst loss ever in the Japanese company’s 39-year history. Lane speaks … Read more Breaking Down SoftBank Results

SoftBank Heads for Record Loss; Jack Ma Leaves Board

May.17 — SoftBank Group Corp. doubled the amount it plans to spend buying back shares and announced changes to its board, including the resignation of long-time director Jack Ma. The company expects to book a record 1.35 trillion yen operating loss for the year ended March 31 when it reports financial results Monday afternoon in Tokyo after its portfolio … Read more SoftBank Heads for Record Loss; Jack Ma Leaves Board

SoftBank Is Said to Plan to Abandon WeWork Shareholders Deal

Apr.01 — SoftBank Group Corp. plans to let the deadline for a $3 billion deal with WeWork investors expire without completing the agreement to buy more equity, despite threats of legal action from some members of the company’s board, according to people familiar with the matter.  Ellen Huet reports on “Bloomberg Daybreak: Australia.”

SoftBank Said to Plan $14 Billion Sale of Alibaba Shares

SoftBank Selling $14 Billion in Alibaba Shares? Bloomberg in the US reported that SoftBank is apparently lining up to sell a huge $14 billion in Alibaba shares in order to shore up business which is taking a pounding following the outbreak of novel cooronavirus: Mar.23 — SoftBank is said to be planning to sell $14 … Read more SoftBank Said to Plan $14 Billion Sale of Alibaba Shares