SoftBank

Softbank CEO Masayoshi Son (Credit: Getty Images)

After WeWork debacle, SoftBank suspends plan for second Vision Fund

SoftBank has abandoned plans to raise $108 billion for its second Vision Fund, after investments in WeWork and Uber...

After WeWork debacle, SoftBank suspends plan for second Vision Fund
WeWork's Marcelo Claure with activist investor Paul Singer (left) and Softbank CEO Masayoshi Son (right) (Credit: Getty Images)

WeWork’s Marcelo Claure promises profitability, talks SoftBank shakeup

Marcelo Claure said WeWork’s new plan for profitability makes the firm a good investment for SoftBank, but investors still...

WeWork’s Marcelo Claure promises profitability, talks SoftBank shakeup
Rodrigo Nino, 84 William Street in Lower Manhattan and 1400 N. Orleans Street in Chicago (Credit: Facebook, Google Maps)

Prodigy Network investors say millions in limbo as company shuts them out

More than five months after the founder of troubled real estate crowdfunding platform Prodigy Network stepped down, investors say...

Prodigy Network investors say millions in limbo as company shuts them out
Compass' Sara Patterson and Robert Reffkin (Credit: Compass; Getty Images)

Compass hires Sara Patterson as chief people officer

Softbank-backed Compass has hired Sara Patterson, a former Walmart executive, as its chief people officer. CEO Robert Reffkin announced...

Compass hires Sara Patterson as chief people officer
From left: Lewis Frankfort of Flywheel Sports, Rhône’s Steve Langman, Ronald Fisher of Softbank, and Mark Schwartz of Softbank (Credit: Stanford University; Softbank; Getty Images; iStock)

Exclusive: Three WeWork board members depart, another to follow

Three WeWork board members who oversaw the company’s downfall last year have resigned in the past month, and a...

Exclusive: Three WeWork board members depart, another to follow
Michael Ronen (Credit: Getty Images)

Second SoftBank executive plans departure from troubled conglomerate

A SoftBank executive who led some of the firm’s investments in the United States is in talks to leave,...

Second SoftBank executive plans departure from troubled conglomerate
Kitopi CEO Mohamad Ballout (Credit: Kitopi and iStock)

“Smart” kitchen and delivery startup raises $60M for US expansion

A startup that provides kitchen and delivery services to restaurants has raised $60 million to expand its operations in...

“Smart” kitchen and delivery startup raises $60M for US expansion
Robert Reffkin and Kristen Ankerbrandt

Compass to lay off marketing, IT and M&A staffers

UPDATED, January 27, 6:10 p.m.: Compass is laying off up to 40 employees across its IT, marketing and M&A...

Compass to lay off marketing, IT and M&A staffers
WeWork executive chairman Marcelo Claure (Credit: iStock, Getty Images)

SoftBank-backed Gympass signs big WeWork office deal

WeWork has landed a three-year deal to provide space for 250 employees of Gympass, the gym membership app company...

SoftBank-backed Gympass signs big WeWork office deal
Softbank Vision Fund senior managing partner Deep Nishar (Credit: SoftBank, Wikipedia)

“We are still in it”: SoftBank still believes in WeWork’s core business

After committing a $9.5 billion rescue package for WeWork and shaking up the firm’s management, SoftBank still believes in...

“We are still in it”: SoftBank still believes in WeWork’s core business
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