Home News Startups, Entrepreneurs, Digital economy

Masayoshi Son's bankers are worried about their favourite client

Bloomberg
Bloomberg12/16/2019 11:31 AM GMT+08  • 7 min read
Masayoshi Son's bankers are worried about their favourite client
(Dec 16): Masayoshi Son’s Japanese bankers are taking a hard look at their most important client.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

(Dec 16): Masayoshi Son’s Japanese bankers are taking a hard look at their most important client.

After the costly rescue of office-sharing startup WeWork and a series of other high-profile setbacks for Son, senior executives at two of Japan’s biggest banking groups have said privately that they’ve grown less comfortable with the eccentric billionaire’s management of SoftBank Group Corp’s US$100 billion ($135.5 billion) Vision Fund.

One executive, speaking in mid-November, said his firm wants to see a convincing turnaround plan for WeWork before lending more money to SoftBank. A rival said around the same time his bank is taking a cautious approach toward the company and has doubts about Son’s strategy of investing big sums in highly valued startups. The two lenders are among those approached by SoftBank for a roughly US$2.7 billion loan.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now