SoftBank Group Corp. founder Masayoshi Son has enjoyed a $12 billion renaissance the past three months, easing the pressure on his intricately engineered personal finances. With SoftBank Group’s shares surging to their highest price in two decades, Son’s net worth hit $20 billion on Thursday, more than doubling from $8.4 […]
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WeWork, SoftBank sued for investor fraud over failed IPO
In the latest lawsuit over WeWork’s scuttled IPO, investors say the company hoodwinked them by promoting a transformation of the concept of workspace in order to sell hundreds of millions of dollars worth of stock. The complaint was filed as a class action on behalf of investors who bought shares […]
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SoftBank to sell $3.1 billion worth of Japan telecom unit stake
SoftBank Group Corp said it plans to sell 5% of its domestic telco SoftBank Corp currently worth $3.1 billion, as part of a programme to raise $41 billion through asset sales. The sale of 240 million shares for a yet to be determined price and set to close on May […]