Recent events
Recent events tied to this brand in public sources.
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2020
WeWork special committee sues SoftBank over failed acquisition offer
WeWork's special committee sued SoftBank and its affiliates, alleging they breached the Master Transaction Agreement by failing to complete the planned tender offer and breached fiduciary duties to WeWork's minority shareholders.
2020
We Company directors sue SoftBank over tender offer commitment
Two We Company directors, acting in the name of its special committee, sued SoftBank Group on April 7, alleging that it breached its commitment to make a tender offer. SoftBank disputed the allegations and said it would contest them in court.
2020
WeWork sues SoftBank over terminated rescue plan
WeWork sued SoftBank in a Delaware court, claiming that SoftBank breached its contractual obligations by backing out of a $3 billion rescue plan. The complaint alleges that SoftBank acted after receiving most of the benefits under the deal; these are allegations reported in the source, not a court determination.
2020
SoftBank abandons its WeWork tender offer
SoftBank notified WeWork's special committee that it would not complete the tender offer for WeWork that it had agreed to in October 2019. The committee said it was considering legal options, including a possible lawsuit; the source reports the withdrawal in an article published on April 2, 2020.
2020
WeWork committee challenges SoftBank over tender offer
WeWork’s board special committee said it was taking steps to ensure SoftBank completed its promised tender offer for employee and shareholder shares, and called failure to complete the purchase unethical. SoftBank responded that it continued to meet its agreement obligations but that conditions required for closing had not been met.
2020
SoftBank announces asset monetization plan
SoftBank announced a plan to raise up to 4.5 trillion yen over the following year by selling or monetizing assets, including stakes in Alibaba and Uber, to strengthen its cash reserves and repay debt.
2020
SoftBank announces planned 5G service launch in Japan
SoftBank announced that it would launch commercial 5G service in Japan on March 27, 2020; the launch was described as planned, not yet completed.
2020
FirstCry secures around $400 million from SoftBank
FirstCry secured around $400 million from SoftBank as part of its Series E funding; the funds were expected to support expansion of its offline and online presence.
2020
Bear Robotics completes $32 million Series A funding
Bear Robotics completed a $32 million Series A funding round on Wednesday, with SoftBank Group leading the round.
2019
SoftBank announces Tadashi Yanai’s board departure
SoftBank announced that Fast Retailing CEO Tadashi Yanai would leave SoftBank Group’s board on December 31 to focus on running his own business.
2019
SoftBank invests about $231 million in Lenskart
SoftBank invested about $231 million in Lenskart Solutions, which the article said was valued at $1.5 billion following the investment.
2019
LG launches G8X ThinQ smartphone in Japan
LG launched its G8X ThinQ dual-screen smartphone in Japan through Softbank. LG said the phone would be sold at about 5,000 stores in major Japanese cities.
2019
Konfío raises $100 million in Series D funding
Konfío announced it had raised $100 million in a Series D round led by SoftBank Group, with Vostok Emerging Finance and existing investors QED and Kaszek Ventures also participating.
2019
SoftBank launches $3 billion tender offer for WeWork shares
SoftBank launched a $3 billion tender offer for WeWork stock. We Co., WeWork's parent, had agreed to the offer the previous month as part of a $9.5 billion rescue package.
2019
Ualá raises $150 million in Series C funding
Argentine fintech Ualá completed a $150 million Series C funding round led by Tencent and SoftBank’s Innovation Fund.
2019
Paytm raises USD 1 billion in funding
Paytm said it had raised USD 1 billion in a funding round led by T Rowe Price, with existing investors Alibaba and Softbank also participating. Paytm said it planned to invest around USD 1.4 billion over the next three years to expand financial services.
2019
SoftBank launches Whiz subscription service in the United States
SoftBank launched a subscription service for its Whiz commercial robot vacuum in the United States, priced at $500 per month. The source says the service had previously launched in Japan, Hong Kong and Singapore.
2019
SoftBank announces Whiz launch in North America
SoftBank announced that it was launching its Whiz robot vacuum cleaner in North America.
2019
Shareholder sues over Adam Neumann exit package
A WeWork shareholder filed suit over the nearly $1.7 billion exit package approved for former co-founder Adam Neumann. The lawsuit alleges that Neumann and SoftBank abused their control of the company to approve the deal at the expense of smaller shareholders; WeWork called the claims meritless.
2019
Former employee files lawsuit against WeWork and SoftBank
Former WeWork employee Natalie Sojka filed a class-action lawsuit contesting WeWork's alleged breach of workers' stock options and also suing majority stakeholder SoftBank over its purchase of Adam Neumann's stock amid the IPO cancellation. WeWork said it believes the lawsuit is meritless.