Signing out of account, Standby...
With Vision Fund II in sight, Softbank's portfolio companies in India and across the world are cutting jobs in order to reduce losses and shore up investor sentiment.
Softbank reportedly suffered $6.5 billion in operating losses from investments in cash-burning businesses including New York-based real estate firm WeWork, and cab-hailing service Uber.
Entrepreneur India traces the ebb and flow of SoftBank's journey over the years
"Regret decision to invest in WeWork," said Son on Softbank's post-earnings conference call with the press
"My judgment around WeWork was not right in many ways," he said on Wednesday after announcing company result
While the world may be busy writing an obituary for WeWork, does this capital infusion imply that Masayoshi Son will have the last laugh?
SoftBank, WeWork's Largest Investor, Takes Control of the Embattled Office Company, With Co-founder Adam Neumann Stepping Down
The $8 billion deal is dramatically less than the office company's original valuation of $47 billion.
Bloated valuations in the tech sector isn't a new phenomenon. But investors aren't having it anymore.
When things were going well, SoftBank's glory was unprecedented and awe-inspiring.Today, it has become the bone of contention with everyone questioning it