Masayoshi Son

SoftBank Group Corp.’s (OTC: SFTBY) net loss for the year ended March 2020, is set to rise to $9.39 billion. What Happened Three weeks after its previous forecast, SoftBank revised its projected non-operating losses to rise to nearly 1 trillion yen or $9.39 billion. 700...

SoftBank Group Corp. (OTC: SFTBY) is forecasting record losses for the financial year that ended March 2020, as its Vision Fund and other investments flounder. What Happened The Japanese conglomerate is projecting its first operating loss in 15 years. SoftBank’s $100 billion Vision Fund is...

SoftBank Group Corp (OTC: SFTBY) is partnering with Chinese electric vehicle manufacturer BYD to supply Japan with 300 million masks per month. What Happened SoftBank plans to make 200 million surgical masks and 100 million N95 respirator masks per month from May. The company has made a deal...

SoftBank Group Corporation (OTC: SFTBY) on Wednesday announced that it wouldn't purchase $3 billion worth of shares from WeWork's other shareholders. WeWork Stakeholders Didn't Meet Terms, SoftBank Says The Japanese investment firm had promised to buy the shares as part of a $9.5...

SoftBank Group Corp’s (OTC: SFTBY) directors have approved a plan to repurchase shares totaling 4.5 trillion yen or $41 billion, leading to the company's stock registering the biggest daily gains in 12 years. What Happened SoftBank Group (SBG) announced Monday its plans to sell...

SoftBank Group Corporation (OTC: SFTBY) Chairman and CEO Masayoshi Son on Monday told investors that he would be more "careful" with his investment decisions going forward, Reuters reported. What Happened "I promise you I'll start to be more careful and listen. My view doesn...

The shares of SoftBank Group Corporation (OTC: SFTBY) surged in early Wednesday trade in Tokyo as a United States judge approved the merger of its troubled telecommunications carrier subsidiary Sprint Corporation (NYSE: S) with T-Mobile US Inc. (NASDAQ: TMUS). What Happened A federal...

Japan-based multinational conglomerate Softbank (OTC: SFTBY) wrote off billions of dollars in losses from investments in Uber Technologies Inc (NYSE: UBER) and WeWork. Softbank reported its first quarterly loss in 14 years last Wednesday, which may raise questions on CEO Masayoshi Son's...

Japanese multinational holding conglomerate SoftBank Group Corp - ADR (OTC: SFTBY) is looking to float part of its $100-billion investment fund in an initial public offering, The Wall Street Journal reported Friday. What Happened SoftBank, in conjunction with Saudi Arabia's...

Sprint Corp (NYSE: S)'s potential merger with T-Mobile US Inc (NASDAQ: TMUS) is now off the table as the parent companies of both wireless companies failed to reach a merger agreement after months of talks. Shares of Sprint were trading lower by 10 percent Monday morning, while T-Mobile's...

In what could have been a mega-merger in the wireless and cable space, Sprint Corp (NYSE: S) proposed to pursue a merger with Charter Communications, Inc. (NASDAQ: CHTR), according to the Wall Street Journal late last week. However, even before the implications of the proposed offer began to...

Shares of Sprint Corp (NYSE: S) were trading higher by around 4 percent early Tuesday morning after reportedly being in talks with Charter Communications, Inc. (NASDAQ: CHTR) and Comcast Corporation (NASDAQ: CMCSA) to form a partnership. The three companies are working on a potential deal in which...

NVIDIA Corporation (NASDAQ: NVDA), one of the hottest stocks of 2016, is up nearly 30 percent since the start of 2017. The stock was up another 3 percent Wednesday after Japan-based SoftBank reportedly picked up a $4 billion stake in the technology company. According to Bloomberg, SoftBank...