SFTBY - SoftBank Group Corp.

Other OTC - Other OTC Delayed Price. Currency in USD
21.33
+0.13 (+0.61%)
As of 1:14PM EDT. Market open.
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Previous Close21.20
Open21.20
Bid0.00 x 0
Ask0.00 x 0
Day's Range21.20 - 21.35
52 Week Range15.54 - 28.04
Volume513,510
Avg. Volume914,009
Market Cap89.148B
Beta (3Y Monthly)2.07
PE Ratio (TTM)2.98
EPS (TTM)7.15
Earnings DateN/A
Forward Dividend & Yield0.10 (0.48%)
Ex-Dividend Date2019-03-28
1y Target EstN/A
Trade prices are not sourced from all markets
  • Softbank looks to remove WeWork's Adam Neumann: RPT
    Yahoo Finance Video

    Softbank looks to remove WeWork's Adam Neumann: RPT

    Softbank is reportedly looking to remove WeWork's CEO Adam Neumann, but keep in mind Adam still has a 29% stake in the company. Yahoo Finance's Adam Shapiro, Emily McCormick and Brian Sozzi discuss.

  • Some WeWork Directors Want to Oust CEO Adam Neumann
    Bloomberg

    Some WeWork Directors Want to Oust CEO Adam Neumann

    Sep.23 -- WeWork’s board is convening Monday and could discuss ousting Adam Neumann as chief executive officer, people familiar with the situation said, as the startup seeks to salvage its troubled initial public offering. Bloomberg's Liana Baker has more on "Bloomberg Markets."

  • WeWork board meeting will discuss ousting CEO
    Yahoo Finance Video

    WeWork board meeting will discuss ousting CEO

    Yahoo Finance's Heidi Chung, Julia La Roche, Brian Cheung, and Emily McCormick discuss the new developments surrounding WeWork's IPO.

  • WeWork's Neumann Faces Bid to Oust him as CEO
    Bloomberg

    WeWork's Neumann Faces Bid to Oust him as CEO

    Sep.23 -- The knives are out for WeWork CEO Adam Neumann. With the drama of a palace coup, some directors are considering a plan to encourage the brash co-founder of the once high-flying real estate startup to step down as chief executive, according to people familiar with the situation. Among them: Masayoshi Son, the founder of SoftBank Group Corp., WeWork’s biggest investor, a person familiar said. Bloomberg's China Correspondent and Anchor Selina Wang has the story.

  • WeWork Board Members Seek to Remove Neumann as CEO
    Bloomberg

    WeWork Board Members Seek to Remove Neumann as CEO

    Sep.22 -- Some WeWork directors are planning to push Adam Neumann to step down as chief executive after the startup delayed its much-anticipated initial public offering, according to people familiar with the matter. Selina Wang reports on "Bloomberg Daybreak: Australia."

  • SoftBank CEO's Leveraged Fortune Leaves Him Susceptible to WeWork Woes
    Bloomberg

    SoftBank CEO's Leveraged Fortune Leaves Him Susceptible to WeWork Woes

    Sep.19 -- SoftBank Group Corp. Chief Executive Officer Masayoshi Son's bet on himself is leaving him feeling the impact of WeWork's IPO woes. Bloomberg's Sonali Basak reports and Lale Topcuoglu, senior fund manager at JOHCM, joins the conversation on "Bloomberg Daybreak: Americas."

  • Exclusive: We Company CEO Neumann starts talks on his role at WeWork parent - sources
    Reuters

    Exclusive: We Company CEO Neumann starts talks on his role at WeWork parent - sources

    WeWork co-founder Adam Neumann has started talks with board directors and investors to discuss his future role, including the possibility of giving up his title as chief executive, at the U.S. office-sharing start-up, people familiar with the matter said on Monday. Neumann has not yet agreed to step aside as CEO of WeWork parent We Company, and there is no certainty he will do so, the sources said. Were the talks with Neumann to lead to a resolution, they could avert a showdown between SoftBank and one of its biggest investments.

  • Barrons.com

    WeWork’s CEO Is Under Pressure From the Board, Report Says

    The Wall Street Journal reported that some members of the board at We Co., WeWork’s parent company, want Adam Neumann to give up his title and potentially take the role of nonexecutive chairman.

  • WeWork Board Meeting Is Said to Be Unlikely to Happen Monday
    Bloomberg

    WeWork Board Meeting Is Said to Be Unlikely to Happen Monday

    (Bloomberg) -- WeWork’s board is unlikely to convene Monday, even as pressure mounts to consider ousting Adam Neumann as chief executive officer, according to people familiar with the matter.The office-sharing company’s board will likely convene later this week, although a definitive time hasn’t been scheduled yet, said the people, who asked to not be identified because the matter isn’t public. People familiar with the matter had previously said the board could meet as early as Monday, but the situation remains fluid.SoftBank Group Corp.’s Masayoshi Son, founder of the Japanese conglomerate, is among those pushing for Neumann to resign, as the startup seeks to salvage its initial public offering, a person familiar with the matter said.SoftBank expects Benchmark Capital, another large investor in WeWork, to be aligned with its position on Neumann, the person said. SoftBank has two representatives on WeWork’s board and Benchmark has one.Representatives for WeWork, SoftBank and Benchmark declined to comment.With the drama of a palace coup, Neumann has found himself at odds with SoftBank, WeWork’s largest investor. Son is among those pushing for Neumann to resign, a person familiar with the situation said, after widespread criticisms of the company’s governance and spending. Some directors are expected to raise the prospect of Neumann becoming non-executive chairman, the people said. The choice is ultimately Neumann’s, as the 40-year-old maintains effective control of management decisions.The boardroom infighting not only imperils the IPO but also a $6 billion loan contingent on the deal. The unprofitable company must complete a successful stock offering before the end of the year to keep access to the credit facility. WeWork’s debut high-yield bond dropped three cents on the dollar after news that some directors are planning to push Neumann out.WeWork conceded last week that its plans for going public would have to wait after talks with potential investors lowered expectations for the company’s planned IPO valuation to $15 billion or less, after a previous valuation of $47 billion. Among the concerns they voiced: Neumann’s controversial style and control of the company.Rarely has so much gone so wrong so fast for a young company in the spotlight.“It’s Uber-scale mess,” said Kellie McElhaney, a professor at the University of California Berkeley’s Haas School of Business, who blames both the board and Neumann for not learning from that company’s earlier mistakes. “He’s really taken a first-mover advantage that WeWork had in the space and blown it in a big way.”Week of UncertaintyThe news of Neumann’s potential ouster comes after a whirlwind week of uncertainty for WeWork. Banks that provided a $500 million credit line to Neumann are looking to revise the terms as the company’s struggle to go public casts doubt on the value of his collateral, people briefed on the discussions said last week. It’s not clear what changes they may seek, or what right they may have to make demands.On Friday, Wendy Silverstein, a big name in New York commercial real estate who joined WeWork last year as head of its property investment arm, left the company. She’s spending time caring for her elderly parents.Even the president of the Federal Reserve Bank of Boston was adding to the angst. In a speech Friday in New York, Eric Rosengren warned that the proliferation of co-working spaces might pose new risks to financial stability.“I’ve never seen a company of this size and scale generate such a consensus of negative opinion in my long, long life of following IPOs,” said Len Sherman, a Columbia Business School adjunct professor whose 30-year business career included time as a senior partner at consulting firm Accenture Plc. “There is no box that they haven’t ticked when you think of all the reasons that you might be very concerned -- like blaring red lights. Like, oh my gosh, caution, danger, danger.”(Adds additional background starting in sixth paragraph.)\--With assistance from Scott Deveau and Michelle F. Davis.To contact the reporters on this story: Sarah McBride in San Francisco at smcbride24@bloomberg.net;Gillian Tan in New York at gtan129@bloomberg.net;Liana Baker in New York at lbaker75@bloomberg.netTo contact the editors responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net, Matthew Monks, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Masayoshi Son And His SoftBank Vision Fund Place Massive Bets
    Investor's Business Daily

    Masayoshi Son And His SoftBank Vision Fund Place Massive Bets

    Masayoshi Son and his Softbank Vision Fund are tossing billions into unicorn company and startup ventures, and slowing the flow of new IPO stocks. Here’s how.

  • Financial Times

    WeWork/SoftBank: wacky backer

    Adam Neumann smoking marijuana aboard a corporate jet would be less of an issue if WeWork had listed successfully. The failure of the float plan has forced backer SoftBank to take off the heart-shaped glasses through which it viewed the entrepreneur. The shelved initial public offering would have valued WeWork below $15bn, less than a third of the $47bn SoftBank once claimed the business was worth.

  • TheStreet.com

    [video]How's WeWork Looking? Jim Cramer on How to Spot a Suboptimal IPO and Netflix

    Jim Cramer's tackling the IPO scene and whether or not investors should be worried about Netflix's lack of Emmy Awards wins. Should You Be Worried About Suboptimal IPO's? Cramer wrote about IPO's in his Real Money column Monday morning.

  • SoftBank turns against WeWork's parent CEO Neumann: sources
    Reuters

    SoftBank turns against WeWork's parent CEO Neumann: sources

    The rare showdown between SoftBank and one of its biggest investments comes after We Company postponed its initial public offering (IPO) last week, following pushback from perspective investors, not just over its widening losses, but also over Neumann's unusually firm grip on the company. This was a blow for SoftBank, which was hoping for We Company's IPO to bolster its profits as it seeks to woo investors for its second $108 billion Vision Fund. It invested in We Company at a $47 billion valuation in January, yet stock market investor skepticism led to the start-up considering a potential valuation in the IPO earlier this month of as low as $10 billion, Reuters reported.

  • UPDATE 3-SoftBank turns against WeWork's parent CEO Neumann-sources
    Reuters

    UPDATE 3-SoftBank turns against WeWork's parent CEO Neumann-sources

    Japan's SoftBank Group Corp, the biggest investor in WeWork owner The We Company, is exploring ways to replace Adam Neumann as chief executive of the U.S. office-sharing start-up, four people familiar with the matter said on Sunday. The rare showdown between SoftBank and one of its biggest investments comes after We Company postponed its initial public offering (IPO) last week, following pushback from perspective investors, not just over its widening losses, but also over Neumann's unusually firm grip on the company. This was a blow for SoftBank, which was hoping for We Company's IPO to bolster its profits as it seeks to woo investors for its second $108 billion Vision Fund.

  • TheStreet.com

    Some WeWork Directors Urge CEO Neumann to Step Down: Reports

    SoftBank-tied directors see Adam Neumann as trouble for the company that saw its IPO delayed and valuation slashed recently.

  • Financial Times

    SoftBank moves to oust Neumann as WeWork chief executive

    and the chief executive’s volatile behaviour and drug use came to light. SoftBank’s vice-chairman Ron Fischer sits on the WeWork board, as does Mark Schwartz, a former board member at the Japanese telecoms-to-technology group.

  • Reuters

    UPDATE 1-SoftBank mulls bringing 40 companies to Brazil -exec

    Japan's SoftBank Group Corp is considering bringing around 40 companies with high growth potential to Brazil and expects to announce a large investment in the country in around two weeks' time, the group's head in Brazil, André Maciel, said on Friday. "We have around 40 companies that fit in Brazil," he said during an event at Cubo, a technological hub funded by Itaú Unibanco, the largest private bank in Latin America. SoftBank has been investing in many companies around the world, including some that are already operating in Brazil such as U.S. office-sharing startup WeWork.

  • Financial Times

    SoftBank reaps instant profit from Wirecard debt shuffle

    SoftBank cut its exposure to Wirecard this week within hours of signing a strategic tie-up with the German payments company, in a move that could net the Japanese conglomerate a big profit while taking little risk. SoftBank did not purchase a stake in Wirecard, however. Wirecard’s shareholders gave final approval to the transaction on Wednesday, while also formally signing a “strategic cooperation agreement” with SoftBank.

  • Barrons.com

    Never Mind Its WeWork Problem—SoftBank’s Stock Is Still Attractive

    Investments in Uber and WeWork are dragging down SoftBank’s stock. The selloff has mostly served to make a cheap stock cheaper

  • TheStreet.com

    Softbank's Deflated Bets on WeWork and Uber Show It Needs a New Vision

    The deflation of Uber and of WeWork shows that you can only go so far when you sacrifice disciplined investing to the greed that comes with easy money.

  • Ceragon Networks (CRNT) Surges: Stock Moves 8.9% Higher
    Zacks

    Ceragon Networks (CRNT) Surges: Stock Moves 8.9% Higher

    Ceragon Networks (CRNT) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.