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  • SoftBank CEO Masayoshi Son says share buybacks remain an option for firm Jun 23, 2021 01:15 PM IST

    SoftBank CEO Masayoshi Son says share buybacks remain an option for firm

    "Buybacks are always on my mind as an important option but when and how big requires balanced thinking," Masayoshi Son said at SoftBank's annual shareholders' meeting, adding that the group also needs to consider alternative uses of its capital.

  • Softbank founder Masayoshi Son picks Swiggy over Zomato, to invest $450-$500 million Apr 15, 2021 04:12 PM IST

    Softbank founder Masayoshi Son picks Swiggy over Zomato, to invest $450-$500 million

    The investment from SoftBank will come on top of $800 million series J round that Swiggy recently closed, with Falcon Edge, Amansa, Think Investments, Carmignac and Goldman Sachs at a valuation of $5 billion.

  • Softbank Vision Fund head Rajeev Misra, 3 others leave board as Masayoshi Son seeks to improve governance Nov 09, 2020 05:02 PM IST

    Softbank Vision Fund head Rajeev Misra, 3 others leave board as Masayoshi Son seeks to improve governance

    Softbank's founder Masayoshi Son says one of the aims of these changes is to separate management and operations

  • SoftBank builds $1.2 billion Amazon stake; invests in Netflix, Tesla Aug 17, 2020 09:10 PM IST

    SoftBank builds $1.2 billion Amazon stake; invests in Netflix, Tesla

    Chief Executive Masayoshi Son last week announced a new investment management subsidiary that would park excess cash from a massive asset sale programme in liquid stocks.

  • SoftBank to repurchase $1.9 billion of corporate bonds Jun 29, 2020 07:55 AM IST

    SoftBank to repurchase $1.9 billion of corporate bonds

    SoftBank Chief Executive Masayoshi Son is undertaking an asset monetisation programme to raise $41 billion to fund share buybacks and reduce debt, following a series of soured tech investments that drove the group to a record annual loss.

  • SoftBank CEO Masayoshi Son to step down from Alibaba's board: Report Jun 25, 2020 04:11 PM IST

    SoftBank CEO Masayoshi Son to step down from Alibaba's board: Report

    This follows last month's announcement the Alibaba's Jack Ma will be leaving SoftBank's board.

  • SoftBank CEO Masayoshi Son says equity value back at pre-virus levels Jun 25, 2020 09:45 AM IST

    SoftBank CEO Masayoshi Son says equity value back at pre-virus levels

    The rise in corporate value was driven by the growth of SoftBank's stake is Chinese e-commerce giant Alibaba Group Holding Ltd and following the successful merger of its U.S. wireless unit with T-Mobile US Inc.

  • Softbank's Son hopes 'winged unicorns' can save crumbling tech empire May 18, 2020 09:40 PM IST

    Softbank's Son hopes 'winged unicorns' can save crumbling tech empire

    The 62-year-old businessman offered few clues as to which of the fund's 88 portfolio companies would eventually succeed.

  • SoftBank proposes three new board members as Alibaba's Jack Ma resigns May 18, 2020 07:45 AM IST

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

    The departure of Ma, who retired as Alibaba's executive chairman in September, comes as he pulls back from formal business roles to focus on philanthropy.

  • Coronavirus pandemic | For SoftBank's founder Son, COVID-19 turns vision to illusion Apr 23, 2020 10:15 AM IST

    Coronavirus pandemic | For SoftBank's founder Son, COVID-19 turns vision to illusion

    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.

  • Fading Vision Fund to tip SoftBank into first loss in 15 years Apr 13, 2020 10:06 PM IST

    Fading Vision Fund to tip SoftBank into first loss in 15 years

    SoftBank did not disclose which Vision Fund tech bets were being marked down in the fourth quarter.

  • SoftBank sees $16.5 billion full year Vision Fund loss Apr 13, 2020 04:42 PM IST

    SoftBank sees $16.5 billion full year Vision Fund loss

    The third consecutive quarter of losses by the Saudi Arabian-backed fund will push the group as a whole to an annual operating loss of 1.35 trillion yen, SoftBank said in a statement - its first loss for 15 years.

  • SoftBank Group in new soup over allegations against Vision Fund chief Rajeev Misra: Report Feb 28, 2020 03:55 PM IST

    SoftBank Group in new soup over allegations against Vision Fund chief Rajeev Misra: Report

    He is believed to have done so in a bid to secure his place as the number two in the Japanese firm after SoftBank chairman Masayoshi Son.

  • SoftBank's Masayoshi Son eyes further Indonesia investment Jan 10, 2020 02:40 PM IST

    SoftBank's Masayoshi Son eyes further Indonesia investment

    "We don't discuss the specific numbers yet, but new smart city, newest technology, clean city, with a lot of AI, that's what I'm interested in supporting," Son said in comments reported by local media and confirmed by a company spokesman.

  • Startups | SoftBank’s WeWork misstep is redefining the game in India Jan 03, 2020 01:37 PM IST

    Startups | SoftBank’s WeWork misstep is redefining the game in India

    In future, it is very likely that investors will put in a lot of checks and balances before making such investments.

  • SoftBank's Masayoshi Son says Japan should make AI mandatory subject for college students Dec 17, 2019 09:45 AM IST

    SoftBank's Masayoshi Son says Japan should make AI mandatory subject for college students

    Japanese students "don't study if they are not asked... let's put it as mandatory, then Japanese students will catch up," Son told a government conference aimed at fostering innovation.

  • SoftBank's Son sticks with gut-led investing in chat with Alibaba's Ma Dec 06, 2019 07:35 PM IST

    SoftBank's Son sticks with gut-led investing in chat with Alibaba's Ma

    SoftBank owns 26% of China's Alibaba, with its origin in a $20 million investment in 2000, and the stake is now worth more than the Japanese firm's market capitalization.

  • SoftBank's Masayoshi Son sticks with gut-led investing in chat with Alibaba's Jack Ma Dec 06, 2019 02:07 PM IST

    SoftBank's Masayoshi Son sticks with gut-led investing in chat with Alibaba's Jack Ma

    SoftBank owns 26% of China's Alibaba, with its origin in a $20 million investment in 2000, and the stake is now worth more than the Japanese firm's market capitalization.

  • WeWork Debacle | SoftBank-funded startups in India may feel the pain as Son cracks the whip Nov 11, 2019 08:59 AM IST

    WeWork Debacle | SoftBank-funded startups in India may feel the pain as Son cracks the whip

    The injury from WeWork debacle went beyond money... It may now mean the joyride for startups funded by SoftBank is over and it's time for them to show the money.

  • SoftBank clinches deal to take over WeWork Oct 22, 2019 10:10 PM IST

    SoftBank clinches deal to take over WeWork

    With this deal, SoftBank will have spent more than $19 billion on a company that is now valued at just $8 billion.

  • WeWork Debacle | A wake up call for not just Softbank, but Indian startup founders and their investors too Oct 01, 2019 02:39 PM IST

    WeWork Debacle | A wake up call for not just Softbank, but Indian startup founders and their investors too

    A look at Masayoshi Son’s investments in Indian startups like Oyo and Ola would show Softbank’s inclination to invest at inflated valuations. It is time startup founders and their financial backers stop bluffing

  • SoftBank Group CEO says to invest $2 billion in ride-hailing app Grab Jul 29, 2019 09:58 AM IST

    SoftBank Group CEO says to invest $2 billion in ride-hailing app Grab

    SoftBank will also help the Southeast Asian technology company build a second headquarters in the Indonesian capital, Son said.

  • Masayoshi Son lost $130 million on bitcoin: Report Apr 24, 2019 05:26 PM IST

    Masayoshi Son lost $130 million on bitcoin: Report

    The news is in stark contrast to his investing acumen, which first came to light when Son's $20 million bet on Alibaba rose to a value of more than $100 billion.

  • SoftBank's Masayoshi Son finds more love for early-stage investing, new fund planned Mar 11, 2019 09:22 AM IST

    SoftBank's Masayoshi Son finds more love for early-stage investing, new fund planned

    The global fund from newly rebranded Seoul-based SoftBank Ventures Asia will be worth as much as $500 million and could launch next month, its CEO JP Lee told Reuters in an interview.

  • Comment | Ola’s Rs400crore EV investment is putting the cart before the horse Mar 05, 2019 04:32 PM IST

    Comment | Ola’s Rs400crore EV investment is putting the cart before the horse

    Ola’s electric vehicle plans are a leap from being a cab-hailing company. To make it a success, it may have to take one more leap, by setting up the required EV infrastructure.

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