SoftBank Group Corp

Earnings data Q4 2020

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SoftBank Group Corp. operates as a holding company which engages in the management of its group companies. It operates through the following segments: SoftBank Vision Fund, SoftBank, Arm, Brightstar, and Others. The SoftBank Vision Fund segment engages in the investment business. The SoftBank segment provides mobile communication, broadband, and telecom services in Japan. The Arm segment designs microprocessors and develops software technologies. The Brightstar segment engages in the distribution of mobile devices overseas. The Others segment includes the smartphone payments business, alternative investment business, fund business in Latin America and the operation of baseball teams. The company was founded by Masayoshi Son on September 3, 1981 and is headquartered in Tokyo, Japan.

SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.

SoftBank proposes three new board members as Alibaba's Jack Ma resigns

SoftBank Group Corp. 9984, +1.53% said late Sunday, Eastern time, that longtime board member Jack Ma has resigned, and the company will double its share-buyback program.

SoftBank doubles down on stock buybacks; Jack Ma resigns from board

Alibaba's Jack Ma resigns from SoftBank board

SoftBank Investment Fund and WeWork Labs say they’ve officially kicked off the first session of Emerge, an accelerator program designed for underrepresented founders. In their press release, the companies describe Emerge as “launched by SoftBank with support from WeWork Labs” (that’s the co-working company’s global accelerator program), with a goal of brining more equality to […]

WeWork and SoftBank unveil the first 14 startups in their Emerge accelerator for underrepresented founders

Japan's SoftBank Group Corp , a shareholder in some of Latin America's largest food delivery companies, expects consolidation in most markets, a senior executive said on Wednesday.

Japan´s Softbank sees consolidation in Latam food delivery

A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues legal action against majority owner SoftBank Group Corp  over an abandoned $3 billion tender offer for the office space-sharing start-up.

WeWork directors seek to preserve right to sue owner SoftBank

Another chapter is opening up for Fair.com, the car subscription startup backed by hundreds of millions of dollars from SoftBank and others: today the company announced that Bradley Stewart, who had been CEO of aviation startup XOJet from 2013 to 2018 (when it was acquired by Vista Global), is joining as CEO. At the same […]

SoftBank-backed Fair appoints new CEO: Bradley Stewart, ex-CEO of XOJet

Japanese telco SoftBank Corp  on Monday said it forecasts operating profit will rise 0.9% to 920 billion yen  ($8.6 billion) in the current financial year.

Japanese telco SoftBank sees full-year operating profit stable at Y920 billion

SoftBank's legal chief called the lawsuit meritless and said the Japanese tech company is under no obligation to buy the $3 billion worth of shares.

Softbank Gets Sued by WeWork After Backing Out of $3 Billion Investment

In the lawsuit, Neumann accuses Softbank of backing out of a key provision of its nearly $10 billion bailout agreed to in October. Neumann was the biggest beneficiary of the deal that would have seen him cash out $970 million worth of his stake in the coworking startup.

WeWork's Adam Neumann once said he had a 'beautiful relationship' with SoftBank's Masa Son; now he calls out 'abuse of power' in lawsuit filing

The lawsuit accuses SoftBank of improperly backing out of an offer to buy shares held by Mr. Neumann, employees and other investors.

Adam Neumann, WeWork’s Former Chief, Sues SoftBank

Former CEO of office-sharing company accuses Japanese bank of abusing its power

WeWork co-founder Adam Neumann sues SoftBank over $3bn deal

WeWork's co-founder and former CEO Adam Neumann on Monday sued SoftBank Group Corp.

WeWork Co-Founder Adam Neumann Is Suing SoftBank For Backtracking On $3B Tender Offer

WeWork cofounder Adam Neumann has filed a lawsuit accusing Japanese conglomerate SoftBank and its massive investment arm of "breaching their contractual commitments and fiduciary duties" by walking away from a $3 billion share buyout agreement.

Adam Neumann has sued the conglomerate for walking away from the WeWork share buyout

In April, SoftBank said it would not press ahead with the tender offer because several pre-conditions had not been met, frustrating WeWork's minority shareholders, who were expecting a payout

WeWork co-founder Adam Neumann sues SoftBank over failed tender offer

WeWork co-founder Adam Neumann accused Softbank Group of abusing its power in a new lawsuit filed Monday that alleges breach of contract and breach of fiduciary duty for pulling a $3 billion tender offer for WeWork shares.

WeWork co-founder Adam Neumann accuses SoftBank of abusing its power in new lawsuit

WeWork co-founder Adam Neumann filed a lawsuit against Japan's SoftBank Group Corp and its Vision Fund on Monday for terminating a $3 billion tender offer to the office-sharing startup's shareholders.

WeWork co-founder Neumann sues SoftBank over failed tender offer

SoftBank Group Corp.’s (OTC: SFTBY) net loss for the year ended March 2020, is set to rise to $9.39 billion.

SoftBank Loss Might Get As High As $9.4B: Report

SoftBank said it sees a loss of around 700 billion yen ($6.6 billion) for the year ended March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets.

SoftBank to write down WeWork by $6.6 billion, compounding portfolio misery

SoftBank Group Corp  said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets.

SoftBank writes down WeWork by $6.6 billion, compounding portfolio misery

SoftBank is warning that it will fall deeper into the red, just two weeks after it shocked investors by forecasting a record annual loss.

SoftBank warns of even steeper losses as it takes a $6.6 billion hit on WeWork

SoftBank Group Corp  said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, extending the group's expected net loss to 900 billion yen.

SoftBank sees $8.4 billion net loss on WeWork writedown

SoftBank-backed robotics firm Brain Corp. raises $36 million for product expansion during the coronavirus crisis.

SoftBank-Backed Robotics Firm Brain Raises $36 Million For Expansion Beyond Autonomous Scrubbers During Coronavirus Crisis

Facebook's  $5.7 billion investment in Reliance  promises to be the biggest headache yet for Paytm, a SoftBank-backed pioneer in India's digital payments market but which has been losing ground to rivals with deeper pockets.

Facebook's big India deal portends a bruising time for SoftBank-backed Paytm

SoftBank Group Corp founder Masayoshi Son's dream of a global tech empire is unravelling, with the coronavirus crisis compounding losses at his $100 billion Vision Fund and distress at his big bets portending more pain.

News for SoftBank Group Corp Stock (SFTBY)