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Softbank notes it has now invested $18.5 billion in WeWork, “more than the GDP” of Bolivia, which has 11.5 million people

Softbank notes it has now invested $18.5 billion in WeWork, “more than the GDP”...

Yesterday, in addressing nervous WeWork employees at an all-hands, the company’s new chairman, SoftBank executive Marcelo Claure, told those gathered that their days of worrying are over, says Recode, which obtained a leaked recording of the meeting. In comments that may stun industry observers who haven’t done the math — and upset at least some…
SoftBank takes over 80 percent of WeWork

SoftBank takes over 80 percent of WeWork

WeWork and SoftBank have announced a deal that will see the Japanese tech giant buy out around 80 percent of the beleaguered real estate company. Marcelo Claure, the former CEO of Sprint — which SoftBank acquired in 2012 — will be the new executive chairman at WeWork. Adam Neumann, the founder and CEO who is…
Softbank reportedly ends WeWork ownership debacle with a $1.7 billion payout to Adam Neumann

Softbank reportedly ends WeWork ownership debacle with a $1.7 billion payout to Adam Neumann

After erasing more than $30 billion in projected shareholder value, Adam Neumann could walk away from the We Company with a windfall of as much as $1.7 billion, according to a report in The Wall Street Journal. This is how the company will end, not with the pop of a successful public offering, but with…

SoftBank Plans $5B Rescue Financing for WeWork

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SoftBank reportedly preps a package to take control of WeWork parent company

SoftBank reportedly preps a package to take control of WeWork parent company

SoftBank Group, the multi-billion dollar Japanese technology conglomerate and investment firm, has put together a  bid that would save WeWork parent company We Co., just weeks before the co-working real estate company’s imminent collapse, The Wall Street Journal reports. With the collapse of the company’s planned initial public offering, We Co. is facing a cash…
VC Brad Feld on WeWork, SoftBank, and why venture firms may have to slow down their pacing in 2020

VC Brad Feld on WeWork, SoftBank, and why venture firms may have to slow...

Yesterday, we had a chance to talk with longtime venture investor Brad Feld of Foundry Group, whose book “Venture Deals” was recently republished for the fourth time for good reason. It’s a storehouse of knowledge, from how venture funds really work to term sheet terms, from negotiation tactics to how to choose (and pay for)…
Naspers CEO Bob van Dijk on SoftBank comparisons: ‘They’re broad, we’re focused; we invest in what we know’

Naspers CEO Bob van Dijk on SoftBank comparisons: ‘They’re broad, we’re focused; we invest...

Naspers, a South African internet company that has become a major investor in a wide range of digital commerce companies, has in recent years drawn comparisons to the Japanese conglomerate SoftBank. For one thing, Naspers, like SoftBank, is very global in nature, with investments in more than 90 countries. Naspers, like SoftBank, doesn’t shy from…
SoftBank mints QuintoAndar a new unicorn in Latin American real estate tech

SoftBank mints QuintoAndar a new unicorn in Latin American real estate tech

QuintoAndar, the Brazilian real estate technology developer, has secured a massive $250 million Series D led by SoftBank, as the Japanese conglomerate continues to deploy its $5 billion commitment to the Latin American region. The round is the latest sign that startups in Latin America can get money if they’re developing technologies in specific areas…
SoftBank reportedly plans to lend employees as much as $20 billion to invest in its VC fund

SoftBank reportedly plans to lend employees as much as $20 billion to invest in...

SoftBank has a plant to loan up to $20 billion to its employees, including CEO Masayoshi Son, for the purposes of having that capital re-invested in SoftBank’s own Vision venture fund, according to a new report from the Wall Street Journal. That’s a highly unusual move that could be risky in terms of how much…
SoftBank pumps $2B into Indonesia through new Grab investment, putting it head to head with Gojek

SoftBank pumps $2B into Indonesia through new Grab investment, putting it head to head...

Grab — the on-demand transportation app that is the Uber of Southeast Asia — today announced yet another investment on top of the $7 billion that it has raised to date. SoftBank is putting another $2 billion into the business, earmarked for a specific use: Grab is going to invest $2 billion into its operations in…

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Amazon quietly adds ‘no human review’ option to Alexa as voice...

Amazon has tweaked the settings for its Alexa voice AI to allow users to opt out of their voice recordings being manually reviewed by the company’s human workers. The policy shift took effect Friday, according to Bloomberg, which reports that Alexa users will now find an option in the settings menu of the Alexa smartphone…

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