[posting]63392015[/posting]SoftBank warns of $9.6bn investment losses due to coronavirus
Kana Inagaki in Tokyo, Financial Times • April 30, 2020
SoftBank has warned of a writedown of more than ¥1tn ($9.6bn) on investments held outside its huge Vision Fund, as the coronavirus crisis piles new pressure on founder Masayoshi Son's bet on struggling WeWork. p The Japanese technology group's widened loss forecast, announced on Thursday, came just two weeks after SoftBank flagged a ¥1.8tn blow to its $100bn, Saudi-backed technology fund, underscoring the depth of its exposure to the market turmoil sparked by the pandemic. ...
https://finance.yahoo.com/m/fb3e50b0-8159-38e3-b1e1-fa2d3f8e…
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SoftBank to write down WeWork by $6.6 billion, compounding portfolio misery
By Sam Nussey, Reuters • April 30, 2020
TOKYO (Reuters) - SoftBank Group Corp <9984.T> said it sees a loss of around 700 billion yen ($6.6 billion) for the year ended March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets.
The hit extends the group's expected net loss to 900 billion yen as investments made via the $100 billion fund sour, with the latest writedown illustrating how the group is racing to keep pace with the deteriorating value of its portfolio.
"Every writedown takes Wework's carrying value closer to reality. Clearly the value is zero," said Kirk Boodry, an analyst at Redex Holdings.
SoftBank is embroiled in a legal dispute with directors at WeWork after backing out of a $3 billion tender offer agreed when it bailed out the office-sharing firm following a flopped IPO attempt last year.
The tech conglomerate has poured more than $13.5 billion into WeWork, one of a string of troubled bets by CEO Masayoshi Son that have laid waste to SoftBank's full-year earnings.
The group maintained its forecast of a record annual operating loss of 1.35 trillion yen announced earlier this month.
The darkening future for WeWork with customers in lockdown comes as deep-seated problems from SoftBank's cash-fuelled push for rapid expansion are being compounded by the coronavirus out ...
https://finance.yahoo.com/news/softbank-sees-8-4-billion-001…
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... Bilanzfälschung ... wissentlich ... nachträglich ... Verlust - Spekulation ... ... Deutsche Bank ebenfalls ... erst wird ein Gewinn gemeldet ... 5 Tage später ... ähhh wir haben doch einen Verlust gemacht ... 43 Mil \ud83d\udcb6 ...
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... es sieht eher so aus, als hätte er die KonTrolle verloren bzw. er hatte sie nie gehabt ... man verlasse sich auf andere .............................................................................................................................................................
finanzen.ch
30.04.2020 | 07:05
SoftBank erwartet 8,4 Milliarden Dollar Verlust nach Abschreiber
Tokio (awp/sda/reu) - Der japanische Konzern SoftBank hat aufgrund seiner Beteiligung am Büroausstatter WeWork im ersten Quartal 2020 einen Verlust von rund 6,6 Milliarden Dollar (6,4 Milliarden Franken) erlitten. Der Nettoverlust des Konzerns steige auf rund 8,4 Milliarden Dollar, teilte das Unternehmen mit. Das Technolgie-Konglomerat ...
https://www.finanznachrichten.de/nachrichten-2020-04/4952135…
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... vorausschauender Investor ... die Glasmurmel ... GlasNudel ... ReagenzGlas ...Revidierte Vorausschau
Softbank erwartet jetzt Verlust von 7,8 Milliarden Euro
Von Patrick Welter, Tokio - Aktualisiert am 30.04.2020-09:11
Das Debakel um den Büroraumvermieter Wework kommt Japans Softbank Group noch teurer zu stehen als bekannt. Der Tech-Investor schreibt seine Interessen in dem amerikanischen Unternehmen nun um 6 Milliarden Euro ab.
2 Min.
Der japanische Technologieinvestor Softbank Group verbucht weitere Abschreibungen auf seine ...
Die gesenkte Verlustvorschau verdeutlicht, wie sehr Softbanks Milliarden-Investitionen in Wework auch unter dem Einfluss der Coronavirus-Pandemie auf den Investor zurückfallen. ...
https://www.faz.net/aktuell/wirtschaft/digitec/softbank-erwa…
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... sein eigenes UnVermögen ... mein KI-Chip hat versagt ... nix Hirn ... Corona VIR Biotech ... Zwangsimpfung vs Zwangsjacke .............................................................................................................................................................
Exclusive: SoftBank-backed Oyo to offload more loss-making hotels amid pandemic - sources
By Aditi Shah and Anirban Sen, Reuters • April 29, 2020
NEW DELHI/BENGALURU (Reuters) - India's Oyo Hotels and Homes, backed by SoftBank Group <9984.T>, plans to offload more properties around the world, three sources familiar with the matter said, as the coronavirus pandemic prompts it to speed up a retreat from a rapid global expansion.
The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt.
While Oyo does not plan to completely exit any market, it will either terminate or not renew contracts with loss-making hotels, two of the sources said.
A fourth source aware of the plans added that Oyo had already ditched a number of loss-making properties as part of a broader restructuring that began last year.
The source also said the company may furlough additional staff in countries where travel curbs to prevent the spread of the virus persist for several months, making it difficult for hotels to operate.
The retreat comes just a year after a heady expansion beyond India and China into Europe, ...
https://news.yahoo.com/exclusive-softbank-backed-oyo-offload…
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April 22, 2020 / 9:48 AM / 8 days ago
SoftBank-backed OYO cuts pay of all India employees: internal memo
Aditi Shah
3 Min Read
NEW DELHI (Reuters) - SoftBank Group-backed OYO Hotels and Homes has cut salaries of all employees in India by 25% for four months starting in April and also put some of its staff on leave without pay, according to an internal memo reviewed by Reuters. ...
https://www.reuters.com/article/us-health-coronavirus-oyo/so…
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