Michel Combes is stepping down as head of SoftBank Group International, just five months after he took the job. He will be succeeded by SoftBank Group International Managing Partner Alex Clavel, the company said in a press release . SBGI works with SoftBank’s massive Vision Fund as well as other companies in SoftBank’s investment portfolio. The high-level departure is the latest in a string...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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