- Reuters•5 hours ago
TOKYO/HONG KONG (Reuters) - Japan's SoftBank Group Corp (9984.T) is close to making an investment in U.S. office-sharing startup WeWork expected to be worth over $3 billion, CNBC reported on Monday, as it expands its reach beyond tech and telecoms. Led by founder Masayashi Son, SoftBank has made a string of surprising acquisitions and investments over the past months, most recently an all-cash deal to buy asset manager Fortress Investment Group (FIG.N). The deals come as SoftBank moves towards cutting-edge tech investments as telecoms services markets mature, announcing last year the creation of a tech investment fund with Saudi Arabia that could grow to $100 billion and make the group one of the world's largest private equity investors.
- Barrons.com•8 hours ago
SoftBank (9984.Japan/SFTBY) is close to finalizing a multi-billion-dollar investment in WeWork, valuing the U.S. shared-office startup at more than $20 billion, according to CNBC. CNBC reported: The investment being discussed is a $2 billion primary tranche of funding, followed by a secondary round worth more than $1 billion. SoftBank may increase the size of the secondary investment to nearly $2 billion, the source said, for a total investment of nearly $4 billion in the shared space real estate startup.
- CNBC•10 hours ago
The Japanese telecom company is making a big vote of confidence in the shared work space company, a source tells CNBC.
SFTBF : Summary for SOFTBANK GROUP CO NPV - Yahoo Finance
SoftBank Group Corp. (SFTBF)
Other OTC - Other OTC Delayed Price. Currency in USD
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|Day's Range||75.88 - 76.68|
|52 Week Range||49.00 - 79.00|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||10.78|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|