Edition:
United States

Sam Nussey

SoftBank to borrow $4.5 billion pledging domestic telco's shares

Feb 19 2020

TOKYO SoftBank Group Corp said on Wednesday it plans to borrow up to 500 billion yen ($4.5 billion) from 16 domestic and foreign financial institutions using almost a third of its stake in telco SoftBank Corp as collateral.

SoftBank profit wiped out by Vision Fund losses, second fund scaled back

Feb 12 2020

TOKYO Quarterly profit at SoftBank Group Corp was almost wiped out as the Japanese technology giant was hit for a second straight quarter by losses at its $100 billion Vision Fund. | Video

RPT-A stock and a hard place: SoftBank's $150 bln Alibaba warchest in spotlight

Feb 12 2020

TOKYO, Feb 12 SoftBank CEO Masayoshi Son threw cold water on Wednesday on the idea of cutting his firm's $150 billion stake in e-commerce giant Alibaba, after prominent activist investor Elliott Management called for big buybacks.

A stock and a hard place: SoftBank's $150 billion Alibaba warchest in spotlight

Feb 12 2020

TOKYO SoftBank CEO Masayoshi Son threw cold water on Wednesday on the idea of cutting his firm's $150 billion stake in e-commerce giant Alibaba , after prominent activist investor Elliott Management called for big buybacks.

SoftBank stock surges to seven-month high after judge OKs Sprint-T-Mobile merger

Feb 11 2020

TOKYO SoftBank Group Corp stock surged to its highest price in over half a year in Tokyo on Wednesday, after a U.S. federal judge rejected an antitrust challenge to the proposed takeover of subsidiary Sprint Corp by T-Mobile US Inc .

SoftBank set for sharp quarterly profit drop amid pressure from Elliott

Feb 09 2020

TOKYO Japan's SoftBank Group is expected to post a slide in profits for the past quarter, deepening concern about its ability to secure funding for a second Vision Fund and giving activist fund Elliott Management more fodder for a shake-up.

RPT-SoftBank set for sharp quarterly profit drop amid pressure from Elliott

Feb 09 2020

TOKYO, Feb 10 Japan's SoftBank Group is expected to post a slide in profits for the past quarter, deepening concern about its ability to secure funding for a second Vision Fund and giving activist fund Elliott Management more fodder for a shake-up.

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