Giles Turner
Stories by Giles Turner
SoftBank said to launch $3b tender offer for WeWork shares
The tender offer launch is about three weeks behind its targeted kick-off.
Indonesia’s e-commerce unicorn Tokopedia in talks to raise up to $1.5b
US internet companies, as well as existing investors, are considering contributing to the round.
SoftBank execs said to mull trimming WeWork offer, Neumann payout
The discussions at SoftBank centre around shrinking a $3 billion tender offer for WeWork shares owned by founders, employees and investors.
SoftBank’s second Vision Fund makes a rather unspectacular start
The Japanese company is said to have raised roughly $2 billion for the second Vision Fund.
Yandex-Uber JV in talks with Morgan Stanley, Goldman for IPO
MLU BV, as the unit is known, is preparing for a dual-listing in Russia and the US.
Burgers, digital pharmacy said to draw SoftBank Vision Fund 2’s attention
Among the startups that SoftBank is weighing investments in are Alto Pharmacy, Creator and Memphis Meats.
SoftBank Vision Fund planning writedown of at least $5b
The move reflects a plunge in the value of some of its biggest holdings including WeWork and Uber Technologies Inc.
China’s TikTok needs US review over Musical.ly acquisition, says senator
ByteDance acquired Musical.ly for $800 million in late 2017 and soon after was merged with its TikTok app.
SoftBank’s Son to tap COO Marcelo Claure to help turn around WeWork
In Claure, Son would be tapping an executive with a track record of fixing companies and overseeing his firm’s investments.
SoftBank plans to rope in senior ex-Deutsche bank trader
The former head of fixed-income trading at Deutsche Bank is in talks to join SoftBank's giant investment fund.
