Analysis: Greensill s funding problems could cause broad ripples reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
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Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
<div class="at-above-post addthis tool" data-url="https://www.metro.us/softbank-to-write-down-2/"></div>(Reuters) – SoftBank Group Corp’s Vision Fund has substantially written down its $1.5 billion investment in supply-chain finance company Greensill Capital, Bloomberg News reported on Monday, citing people familiar with the matter. The writedown occurred at the end of 2020 and SoftBank is considering dropping the valuation to close to zero, the report said. SoftBank […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/softbank-to-write-dow
SoftBank to write down $1 5 billion Greensill investment: Bloomberg News reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Synopsis
SoftBank s Vision Fund has seen a number of recent changes among its senior roles after making a flurry of hires following its debut in 2017
ETtech
SoftBank Group Corp s Vision Fund is hiring the head of Microsoft Corp s venture capital business as managing partner, the first major addition to the investment arm following a spate of departures.
Nagraj Kashyap, the outgoing global head of Microsoft’s M12 fund, will join the Vision Fund in the U.S., according to a statement from SoftBank. Bloomberg reported the move earlier on Monday.
The Vision Fund has seen a number of recent changes among its senior roles after making a flurry of hires following its debut in 2017. Managing partner Colin Fan is leaving his role to become an adviser to SoftBank Investment Advisers and Jeff Housenbold, the managing partner involved in bets on startups including DoorDash Inc. and dog-walking app Wag, is also leaving.