SoftBank gets majority stake in construction unicorn Katerra with $200M bailout

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SoftBank Group Corp. reportedly helped construction unicorn Katerra Inc. avoid bankruptcy with a $200 million investment that gives the Japanese tech giant majority control. The five-year-old Menlo Park company's CEO, Paal Kibsgaard, said in a notice to shareholders before they voted on the deal that the money was needed so that Katerra could "continue as a going concern,” the Wall Street Journal reported. Kibsgaard took over as CEO in June, about a year after he joined as chief operating officer.…

The Business Journals | Residential Real Estate News


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