WeWork Wants SoftBank’s Money. Where SoftBank has invested its $100 billion Vision Fund; SoftBank’s tech funds have invested 40 percent of …

SoftBank continued to expand its telecommunications wing by purchasing a majority stake in Sprint Corporation for $22 billion in 2012. Before Alibaba’s initial public offering, Softbank owned 34.1% of its stock and 32.4% after. And so Wag took the money. In the case of the WeWork's parent company, it was a … SoftBank appeared to have pulled off a fundraising coup last month when it announced a technology investment fund with $108 billion in expected capital from the likes of Apple and Microsoft. That’s $3 billion that must be paid out every year, no matter how the underlying portfolio performs. Approximately $40 billion of its money came in the form of preferred equity, requiring managers to pay a 7.5% annual dividend. Bloomberg reported in October that ByteDance had not yet turned a profit, though its 2018 target revenue is over $7 billion. But SoftBank's strategy was also influenced by the terms under which it got some of the money for the fund.

Then WeWork’s hoped-for initial public offering collapsed last fall, and SoftBank, its largest investor, bailed it out, setting aside $3 billion to buy out existing shareholders.

SoftBank is increasing its ownership stake in WeWork yet again, investing a further $2 billion in the fast-growing co-working company, according to three people familiar with the deal. The real estate start-up's parent company was valued at $47 billion after its last funding round from SoftBank. DoorDash used that capital to expand its operations considerably, growing its reach from 600 to more than 3,300 U.S. cities. 2. SoftBank's CEO now says its $9 billion bet on WeWork and Adam Neumann was a mistake — but he still thinks WeWork will end up making money Ben Gilbert 2020-04-06T15:38:29Z Matt Levine, Matt Levine is a Bloomberg Opinion … To learn more, please visit SoftBank.com. Then WeWork’s hoped-for initial public offering collapsed last fall, and SoftBank, its largest investor, bailed it out, setting aside $3 billion to buy out existing shareholders. By . SoftBank's Vision Fund wants to make construction tech startup EquipmentShare its newest unicorn-making investment, in a shift from its previous playbook: operating profits.

The SoftBank Group is comprised of the holding company SoftBank Group Corp. (TOKYO:9984) and its global portfolio of companies, which includes advanced telecommunications, media and Internet services and clean energy technology providers. SoftBank has been sweeping tech and startup headlines in recent months. TOKYO — SoftBank, operator of the world’s largest tech fund, said on Monday that it would sell as much as $41 billion in assets as it seeks to vacuum up its … Slack. The upshot was annual sales tripling in 2018. DoorDash used that capital to expand its operations considerably, growing its reach from 600 to more than 3,300 U.S. cities. Where SoftBank has invested its money. SoftBank was like “no haha we’ll give you $300 million,” because that is SoftBank’s whole thing, it loves to give startups vastly more money than they want or need. SoftBank's Slack investment has been performing better than some of its other ventures, but recent declines are a cause for concern. For media inquiries: There have been rumors for months that the company is planning to go public this year.. TikTok offers in-app purchases of coins, starting at 100 for $0.99 and leveling up to 10,000 for $99.99. The initiative comes amid a … The upshot was annual sales tripling in 2018.