SoftBank Vision Fund

A proposed class action lawsuit claims venture-backed Eightfold AI uses "hidden AI technology to collect sensitive and often inaccurate information about unsuspecting job applicants." The lawsuit filed in the Superior Court of the State of California last month alleges that Softbank Vision...

Japanese company SoftBank (OTC:SFTBF)(OTC:SFTBY) announced a $100 billion investment and 100,000 jobs created in a commitment to the U.S. on Monday, confirming earlier reports. What Happened: SoftBank CEO Masayoshi Son made the announcement alongside President-elect Donald Trump at Mar-a-Lago...

Japanese multinational conglomerate SoftBank Group Corp. (OTC:SFTBY) has announced its intention to issue bonds worth approximately $1.86 billion. The proceeds will be directed towards the repayment of existing debt and a strategic shift towards artificial intelligence (AI) investments. What...

In a recent turn of events, SoftBank Group Corp (OTC:SFTBY) declared its entire investment in WeWork as a loss. This announcement comes despite SoftBank’s first profitable quarter in five. What Happened: SoftBank decided to write off the entire investment in WeWork to zero in the fourth...

SoftBank Group Corp (OTC:SFTBY) has witnessed a significant turnaround in its earnings, with its flagship Vision Fund posting its highest gains in almost three years. The recovery is attributed to the resurgence in the valuation of tech companies. What Happened: In the December quarter of fiscal...

SoftBank Group Corp. (OTC: SFTBY) on Monday registered a ¥2.33 trillion ($17.23 billion) loss in its vision fund unit during the June quarter, mainly led by a slide in share prices of portfolio companies due to growing fears of an economic recession. Vision Fund 1: The SoftBank...

Japanese multinational conglomerate SoftBank Group Corp (OTC: SFTBY) has raised $22 billion in cash through deals that would significantly trim its stake in Alibaba Group Holding Ltd. (NYSE: BABA) over the coming years, reported Financial Times. What Happened:...

SoftBank Group Corp. (OTC: SFTBY) Vision Fund CEO Sanjeev Misra said that the Japanese group has plans to launch a special purpose acquisition company in the coming two weeks, Axios reported Monday. What Happened: The initial public offering's formal sponsor would be SoftBank...

SoftBank Group Corp (OTC: SFTBY) will not heighten board oversight of its Vision Fund despite the demands of the activist investor Elliot Management.  What Happened The $100 billion Vision Fund is in the crosshairs of Elliot Management, which wants the Japanese group to create a...

SoftBank Group Corp (OTC: SFTBY) is looking to move away from the troubled Wirecard AG (OTC: WRCDF) after it helped arrange a $1 billion lifeline for the German firm a year before its downfall.  What Happened According to the sources of the Wall Street Journal, SoftBank wants to terminate...

SoftBank Group Corp (OTC: SFTBY) will repurchase $1.9 billion of unsecured corporate bonds in an attempt to pare down debt.  What Happened Reuters reported that the company’s CEO Masayoshi Son is raising $41 billion to fund share buybacks and reduce debt after SoftBank reported an...

SoftBank Group Corp (OTC: SFTBY) invested more than $500 million into Credit Suisse Group AG’s (NYSE: CS) $7.5 billion range of supply-chain finance funds, which the bank, in turn, invested in the debt of the Japanese company’s struggling Vision Fund start-ups. What Happened...

SoftBank Group Corporation (OTC: SFTBY) reported its earnings for the entire financial year between April 2019 to March 2020 on Monday. The Japanese investment firm said it made an operating loss of $12.7 billion in the year. This compares with the $19.3 billion operating profit it posted...

SoftBank Group Corp. (OTC: SFTBY) is forecasting record losses for the financial year that ended March 2020, as its Vision Fund and other investments flounder. What Happened The Japanese conglomerate is projecting its first operating loss in 15 years. SoftBank’s $100 billion Vision Fund is...