Fresh from the WeWork debacle, SoftBank CEO Masayoshi Son says he now aims to be...
Dan Baker, a director of equity research at Morningstar, said there was a gap between what private markets were willing to pay for these businesses and what the public market would pay.
SoftBank Group is also cushioned by a 26% stake in China’s Alibaba Group , worth about $120 billion, which could be sold off if it needs to raise cash in a hurry. The wider group itself posted an operating loss of 704 billion yen, with its Vision Fund losing 970 billion yen.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How SoftBank says it’ll fix WeWork and turn it profitableSoftBank founder Masayoshi Son said turning around WeWork would be “simple.”
Read more »
SoftBank Founder Calls His Judgment ‘Really Bad’ After $4.7 Billion WeWork Hit“I regret it in many ways,” Chief Executive Masayoshi Son said of the investment, after SoftBank marked down the total value of WeWork’s equity to $7.8 billion.
Read more »
SoftBank Takes Loss of $4.7 Billion on WeWork InvestmentSoftBank marked down the total value of the company’s equity to $7.8 billion and hasn’t factored in its bailout of the office-sharing company.
Read more »
SoftBank Founder Calls His Judgment ‘Really Bad’ After $4.7 Billion WeWork Loss“I regret it in many ways,” Chief Executive Masayoshi Son said of the investment, after SoftBank marked down the total value of WeWork’s equity to $7.8 billion.
Read more »
After WeWork, SoftBank Needs to Soften its AmbitionsHeard on the Street: SoftBank Chairman Masayoshi Son’s erratic investment style has certainly caused him some pain lately, says jackycwong
Read more »