Prosus suffers from the same problem as Manchester City Football Club: Because everyone knows it has access to vast amounts of capital, it’s always at risk of overpaying for acquisitions.
Browsing: Masayoshi Son
SoftBank’s bad year goes well beyond WeWork. Investors are starting to get the feeling that whatever Masayoshi Son brings to the public is troubled.
Masayoshi Son struck a defiant tone after his SoftBank Group reported an enormous loss from investments in money-losing startups WeWork and Uber Technologies.
With the drama of a palace coup, some directors are considering a plan to encourage the brash co-founder of the once high-flying real estate start-up to step down as chief executive.
Telecommunications executives from Vodafone Group to Deutsche Telekom and Telefonica are headed to the industry’s annual get-together in Barcelona next week with more on their minds than the latest handsets. Deals under consideration
SoftBank Group has agreed to buy ARM Holdings for £24,3bn (US$32bn; R460bn), securing a slice of virtually every mobile computing gadget on the planet and future connected devices in the home. The Japanese company is offering £17/share in cash