Softbank Archives - CFO

Symbotic to Go Public in $5.5B SPAC Deal

Symbotic to Go Public in $5.5B SPAC Deal

The company is seeking to accelerate its efforts to provide mobile robots to the warehouses of major retailers, grocers, and wholesalers.

By Matthew Heller | December 13, 2021

WeWork to Go Public Via SPAC Merger in $9B Deal

WeWork to Go Public Via SPAC Merger in $9B Deal

The office-sharing startup is capitalizing on the SPAC boom following investor rejection of the IPO due to its losses.

By Lauren Muskett | March 26, 2021

SoftBank Shuns Call for Board Oversight of Vision Fund

Risk & Compliance

SoftBank Shuns Call for Board Oversight of Vision Fund

Elliot Management wants the group to create a subcommittee to supervise the fund’s investment process.

By Lauren Muskett | July 6, 2020

SoftBank Group Warns of Big Losses

Financial Performance

SoftBank Group Warns of Big Losses

The company cited disastrous bets on tech companies.

By Lauren Muskett | April 13, 2020

SoftBank-Backed Satellite Startup Files for Bankruptcy

Credit & Capital

SoftBank-Backed Satellite Startup Files for Bankruptcy

OneWeb said it couldn’t obtain new funding from investors due to the financial impact of the COVID-19 pandemic.

By Lauren Muskett | March 30, 2020

WeWork Investors Will Take ‘Necessary Actions’ If SoftBank Bails on Bailout

Credit & Capital

WeWork Investors Will Take ‘Necessary Actions’ If SoftBank Bails on Bailout

SoftBank agreed to the bailout deal in October.

By Lauren Muskett | March 23, 2020

SoftBank-Backed Online Store Brandless Shutting Down

SoftBank-Backed Online Store Brandless Shutting Down

Brandless fails at a direct-to-consumer model after three years of operations and $240 million in funding.

By Vincent Ryan | February 11, 2020

SoftBank Posts Record Loss on Startup Bets

SoftBank Posts Record Loss on Startup Bets

“My own investment judgment was really bad. I regret it in many ways," CEO Masayoshi Son admits.

By Matthew Heller | November 7, 2019

Why an Investor Soured on Softbank

Investor Relations

Why an Investor Soured on Softbank

Vitaliy Katsenelson revered Softbank's founder and thought he'd own the company's stock for decades. Why he changed his mind is instructive for CFOs.

By David McCann | November 1, 2019

WeWork Founder Gets $1.7B Payout to Leave Company

Credit & Capital

WeWork Founder Gets $1.7B Payout to Leave Company

Adam Neumann will sell shares in the struggling office sharing startup and receive a line of credit and a consulting fee as part of a bailout deal.

By Lauren Muskett | October 23, 2019

The Key to Regional Investment: Understanding Complexity

The Key to Regional Investment: Understanding Complexity

With its big investment in Latin America, Softbank will have to manage significant complexity that varies greatly from market to market within the region.

By David McCann | April 23, 2019

Softbank’s Investment in WeWork: No Problem

Softbank’s Investment in WeWork: No Problem

The Japanese conglomerate's investment in a company whose CEO's business dealings are under fire won't derail its continuing success: Opinion.

By David McCann | April 18, 2019

SoftBank Plans $21 Billion IPO

Corporate Finance

SoftBank Plans $21 Billion IPO

The massive IPO, which will value the business at $63 billion, is scheduled for December 19 on the Tokyo Stock Exchange.

By William Sprouse | November 12, 2018

Uber Takes on Softbank as Investor, Eyes IPO

Uber Takes on Softbank as Investor, Eyes IPO

The Japanese conglomerate is leading an investor group that could put as much as $10 billion into Uber as it prepares for an IPO in 2019.

By Matthew Heller | November 13, 2017

Traders’ Assets Frozen in Insider Trading Probe

Risk & Compliance

Traders’ Assets Frozen in Insider Trading Probe

The SEC alleges the unidentified traders made $3.6 million in illegal profits related to the takeover of Fortress Investment Group by Japan's SoftBank.

By Matthew Heller | March 2, 2017