SoftBank Group Corp. is taking control of WeWork and providing the office-space startup with billions to keep it operating. In a press release Tuesday night, SoftBank and WeWork jointly announced ...

WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday after its bets on companies using more of ...

WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday after its bets on companies using more of ...

SoftBank Group Corp. told shareholders of WeWork that it could withdraw from an agreement to buy $3 billion of stock in the embattled co-working business, casting doubt on a deal that had been set ...

Japanese technology company SoftBank Group lost more than $6 billion last quarter as its earnings were hammered by money-losing investments, including a bailout for office-space sharing startup ...

Contacts. SoftBank [email protected] +81 3 6889 2300 or Ben Spicehandler / Emily Claffey / Hannah Dunning Sard Verbinnen & Co 212.687.8080 WeWork Gwen Rocco / Erin Clark [email protected] or ...

During the first half for SoftBank Group, net sales was steady at ¥4.65 trillion, while earnings before interest and taxes collapsed by ¥1.44 trillion to post a ¥15.6 billion loss.

As they entered the offices, Chief Executive Officer Xu Li was hoping to persuade the head of SoftBank Group to invest $200 million in his… After WeWork, SoftBank’s startup bookkeeping draws ...

SoftBank Group booked a $5.2 billion quarterly loss on Thursday, its fourth straight quarter in the red, as the Japanese giant took a hit from the bankruptcy of WeWork, once one of its highest ...

By Anton Bridge TOKYO (Reuters) -SoftBank Group CEO Masayoshi Son on Friday said he wants the Japanese technology investment ...

WeWork took on tens of billions of dollars in debt to amass its large portfolio of leased office space. As of 2021, Japanese venture firm SoftBank had invested $17 billion in the company, Bloomberg ...

SoftBank Group CEO Masayoshi Son aims to transform the company into the leading platform provider for artificial super intelligence within a decade. His vision, analogous to global tech giants, is to ...