Quick Answer: How Much Cash Does SoftBank Have?

How much did SoftBank lose on WeWork?

SoftBank’s Vision Fund Loses $17.7 Billion on WeWork, Uber – Bloomberg..

What percentage of Uber does SoftBank own?

The U.S. ride-hailing pioneer recovered from stumbles after its initial public offering last year and its shares have gained more than 70% this year. Softbank’s 13% stake is worth about $11 billion.

Which companies does SoftBank own?

SoftBank SegmentSoftBank Corp. Provision of mobile communications services; sale of mobile devices; provision of broadband; other fixed-line communications services in Japan. … SB C&S Corp. … Wireless City Planning Inc. … SB Technology Corp. … ITmedia Inc. … Vector Inc. … Z Holdings Corporation. … Yahoo Japan Corporation.More items…

Who is the richest man in the Japan?

Tadashi YanaiMeet Tadashi Yanai, the richest person in Japan. He’s worth an estimated $31.9 billion. The Japanese businessman’s wealth comes from his position as chairman, CEO, and the largest shareholder of Fast Retailing, the largest clothing retailer in Asia. The 70-year-old billionaire holds a 45% stake in the company.

When did SoftBank buy Sprint?

July 10, 2013The acquisition was completed on July 10, 2013. On August 6, 2013, SoftBank purchased approximately 2% more shares of Sprint Corporation, increasing its ownership stake in the company to 80%.

Does SoftBank own Alibaba?

Softbank Group Softbank’s stake in Alibaba is equivalent to approximately 25% of the company; it is Alibaba’s largest shareholder. Softbank invested $20 million in Alibaba back in 2000 when it was a young startup. In fact, Softbank founder and CEO Masayoshi Son was the one that bought into Alibaba.

Does SoftBank make money?

Masayoshi Son, chairman and chief executive officer of SoftBank Group at the SoftBank World 2018 event in Tokyo, Japan. SoftBank Group posted a $12 billion quarterly profit on Tuesday after reporting historic losses of $13 billion for its last fiscal year.

What company owns Sprint?

T-Mobile USSoftBank GroupSprint Corporation/Parent organizations

What stocks did SoftBank buy?

Some of the names with high amounts of activity, include Apple, Tesla, Zoom, and Nvidia. According to the Wall Street Journal, SoftBank had made regulatory filings showing it bought nearly $4 billion in shares of Amazon, Microsoft, and Netflix, plus a stake in Tesla.

Does Google own Uber?

While Google doesn’t own Uber outright, they have invested a lot of money into this ride sharing company. They have contributed more than $250 million through their venture capital company, Google ventures. Which means that at this stage, Google owns about 5-6% of Uber shares.

Who is the owner of SoftBank?

Masayoshi SonSoftBank Group/OwnersSoftBank’s founder and CEO, Masayoshi Son, is the third-richest person in Japan, with a $20.6 billion personal fortune. He owns $45 million worth of real estate in Tokyo as well as a $117.5 million estate in Silicon Valley.

Why is Yahoo Big in Japan?

As an information site, Yahoo! Japan has more localized contents convenient for Japanese in some areas. For example its weather reporting site and app delivers more detailed information than that of Google.

Can you invest in SoftBank Vision Fund?

How To Invest In The Softbank Vision Fund? You most likely cannot. The fund seems to only take massive investments. These investments are in the billions of dollars.

Why is SoftBank stock so low?

SFTBY has been under pressure lately due to all the noise related to The We Company (WE). The stock is down 32% over just the last two months. SFTBY’s market cap declined from $112.5 billion to the current $76.5 billion.

Is SoftBank owned by China?

SHANGHAI (Reuters) – The Chinese joint venture of SoftBank Group Corp-owned Arm Ltd rejected on Thursday allegations of misconduct made by its investors against its CEO and said it would take legal action, escalating an internal spat. … “Arm China’s relevant operations are carrying on as normal,” the joint venture said.

Why is it called SoftBank?

SoftBank Group Corp. started out in 1981 as a distributor of computer software. As software is called “soft” in Japanese, the name “SoftBank” literally means “a bank of software.” We chose the word “bank” based on our grand aspiration to be a key source of infrastructure for the information society.

How much Uber has SoftBank invested?

CompanyDescriptionSoftBank investmentUber Technologies / UBERRide-hailing$7.7 billionOyo RoomsHotel bookingRoughly $5 billion**CompassReal estate brokerage$1.6 billion from VF and othersFanaticsSports apparel$1 billion10 more rows•Apr 10, 2020

How did SoftBank make its money?

In 1996, SoftBank made a joint venture with rising American internet company Yahoo!, creating Yahoo! Japan, which would go on to become a dominant site in the country. … In 2000, SoftBank made its most successful investment ever – $20 million to a then-fledgling Chinese Internet venture called Alibaba.

Does SoftBank own Uber?

In this article. SoftBank Group Corp.’s Vision Fund sold about $2 billion in Uber Technologies Inc. stock after a rally in the ride-hailing giant’s shares, signaling it may cash in more gains from the sector in the future. … But Uber shares more than tripled from their low in March of last year, as capital markets surged …

Does SoftBank still own sprint?

SoftBank bought 80% of Sprint for $22 billion. It later boosted its stake to 84%. At current share prices, SoftBank’s holding in the merged company would be valued at roughly $30 billion, Mr. Son said this week, an appreciation of about 50%.