Recent events
Recent events tied to this brand in public sources.
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2019
WeWork receives $1.5 billion from SoftBank
WeWork announced that it had received $1.5 billion in investment from SoftBank, accelerating SoftBank's fulfillment of an existing payment commitment.
2019
Intel files antitrust lawsuit over Fortress patent practices
Intel filed an antitrust lawsuit in federal court in California, alleging that a SoftBank subsidiary, Fortress Investment Group, hoarded patents to pursue lawsuits and hinder other technology companies. The source does not provide a calendar date for the filing.
2019
Oyo launches hotel operations in Japan
Oyo's Japanese arm launched operations across more than 100 hotels in Japan through a joint venture with SoftBank; the partnership said it opened hotels in more than 50 Japanese cities on Thursday, October 24, 2019.
2019
SoftBank agrees to provide financing to WeWork and make a shareholder offer
SoftBank agreed to provide WeWork with $5 billion in new financing, make an offer of up to $3 billion to existing shareholders, and accelerate an existing $1.5 billion investment commitment. The article reports the agreement and offer, not their completion.
2019
Report says WeWork plans to cut up to 4,000 jobs
Reuters reported that WeWork was planning to cut as many as 4,000 jobs as part of a turnaround plan put in place by SoftBank after it took control of the company. The reported job cuts would amount to just under a third of WeWork’s global workforce; the report attributed the plan to people with direct knowledge.
2019
Intel sues SoftBank over alleged patent hoarding
Intel filed an antitrust lawsuit against SoftBank, alleging that a subsidiary hoarded technology patents to profit from litigation and hinder other technology companies. These are allegations reported in the source, not a court determination.
2019
NVIDIA names telecom partners for GeForce NOW expansion
NVIDIA named SoftBank, Taiwan Mobile, LG U+ and Rostelecom as official partners for the global expansion of GeForce NOW. The article also reports a separate Telefonica partnership for a cloud-gaming proof of concept in Spain.
2019
Oyo announces a $1.5 billion funding round
Oyo Hotels & Homes was raising $1.5 billion from founder Ritesh Agarwal and other investors led by SoftBank. The article said the funds would support expansion in the United States and strengthen its vacation-rentals business in Europe.
2019
Oyo and SoftBank establish two joint ventures in India
Oyo and an entity controlled by SoftBank established two joint ventures in India: Mountainia Developers and Hospitality, and MyPreferred Transformation and Hospitality.
2019
Intelsat sues OneWeb and SoftBank Group
Intelsat sued OneWeb and SoftBank Group in New York, alleging fraud, conspiracy, and breach of contract. The complaint alleged that OneWeb and SoftBank made false or misleading statements during negotiations and that OneWeb secretly planned to treat an agreement as terminated and compete with Intelsat.