DoorDash used that capital to expand its operations considerably, growing its reach from 600 to more than 3,300 U.S. cities. 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. The real estate start-up's parent company was valued at $47 billion after its last funding round from SoftBank. 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 The fund does all that, but it also has a curious side deal that allowed it to raise such a large pile. For media inquiries:

SoftBank's Slack investment has been performing better than some of its other ventures, but recent declines are a cause for concern. How Does TikTok Make Money? Slack. But SoftBank's strategy was also influenced by the terms under which it got some of the money for the fund. Softbank took an impairment loss on its stake in OneWeb earlier this year, while some early investors have lost as much as half of the value of their stakes, a source said. Where SoftBank has invested its $100 billion Vision Fund; SoftBank’s tech funds have invested 40 percent of … In the case of the WeWork's parent company, it was a … 2. SoftBank is launching a $100 million fund to invest in startups led by people of color, according to an internal memo from SoftBank’s COO Marcelo Claure. Also work/life balance, margin calls and Martin Shkreli. DoorDash used that capital to expand its operations considerably, growing its reach from 600 to more than 3,300 U.S. cities. Before Alibaba’s initial public offering, Softbank owned 34.1% of its stock and 32.4% after. 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 . Matt Levine, Matt Levine is a Bloomberg Opinion … The initiative comes amid a … That’s $3 billion that must be paid out every year, no matter how the underlying portfolio performs.

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. SoftBank has been sweeping tech and startup headlines in recent months.

WeWork Wants SoftBank’s Money. And so Wag took the money. On October 22nd, 2019, it announced a funding deal with SoftBank.

The upshot was annual sales tripling in 2018. Now, SoftBank’s big bet may already be turning sour as WeWork mulls an IPO that would peg its worth at less than half the $47-billion valuation it had when SoftBank … 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 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. To learn more, please visit SoftBank.com. Approximately $40 billion of its money came in the form of preferred equity, requiring managers to pay a 7.5% annual dividend. WeWork indefinitely postponed its plans for an IPO on September 30th, 2019, as its $47 billion valuation looked increasingly doubtful. SoftBank continued to expand its telecommunications wing by purchasing a majority stake in Sprint Corporation for $22 billion in 2012. Bloomberg reported in October that ByteDance had not yet turned a profit, though its 2018 target revenue is over $7 billion. The upshot was annual sales tripling in 2018. Where SoftBank has invested its money.