Page 5 - Softbank Group

SoftBank investors await CEO Son's cashpile clues in second-quarter report

TOKYO (Reuters) - SoftBank Group Corp <9984.T> shareholders have an $80 billion (£61 billion) question for Chief Executive Masayoshi Son when he presents the Japanese tech investment giant's earnings on Monday: Just what will he do with that cash, due in from assets sold since March?

SoftBank hits 20-year high as investors embrace Son's defensive stance

The Tokyo-based company's stock gained more than 3 per cent to 7,244 yen, the highest level since March of 2000 in the midst of the dot-com boom

SoftBank preparing to unveil a blank-check company to raise funds

Rajeev Misra, the head of the Vision Fund, teased the effort in an interview with Bloomberg at the Milken Institute's virtual conference, without providing details

SoftBank's Vision Fund to unveil blank-check co to capitalise fundraising

The target size of the Vision Fund's blank-check company has yet to be determined, according to a person familiar with the plans

SoftBank Group shares at 20-year high on buybacks, Nvidia-Arm deal

SoftBank rose for the eighth day in a row to finish at 6,955 yen, the highest since March of 2000

SoftBank Group to sell last of its telecoms assets with Brightstar deal

SoftBank said in a statement it would sell the firm to a newly formed subsidiary of private equity firm Brightstar Capital Partners for cash as well as a 25 per cent stake in the subsidiary

SoftBank to sell US cellphone distributor Brightstar in latest asset sale

SoftBank said it would sell US cellphone distributor Brightstar Global Group for an undisclosed price, marking latest asset sale by Japanese conglomerate to fund a record stock buyback and raise cash

SoftBank Group buybacks paused in August, so did its stock rally

It blamed "nonpublic facts" around insider trading for the inaction, a likely allusion to its mega-deal to sell its Arm chip division for $40 billion to Nvidia, announced Monday

SoftBank returns to black as Vision Fund recovers from Covid-19 pandemic

Recovery largely due to rising valuations of bets like Uber and Slack

With SoftBank rally, founder Masayoshi Son adds $12 bn to fortune

With SoftBank Group's shares surging to their highest price in two decades on Thursday, Son's net worth hit $20 billion

Oyo Hotels is slashing footprint and headcount in virus-hit Japan

The Indian start-up slashed its regional presence by closing offices in provincial centers Sapporo, Sendai, Nagano, Hiroshima and Omiya at the end of June, Chief Business Officer Ryota Tanozaki said.

Fresh troubles for SoftBank's Masayoshi Son as Wirecard drama unfolds

Wirecard won't force SoftBank to write down any assets - because the tech conglomerate never put money into Wirecard itself.

SoftBank Group seeks to raise additional $10 billion for Vision Fund

The fund plans to reserve some of the remaining cash to pay back a coupon attached to the Saudi investment, said some of the people

SoftBank unveils $4.8 bn buyback after stock tumble, Elliott backs move

SoftBank shares fell as much 9.6% to a 14-month low on Friday amid a crash in global stock markets, but pared losses to close down 5% in Tokyo.

Oyo plans to entice coronavirus-stricken hotels in Japan with cash

To pay members a sum equal to a proportion of past year's revenue

SoftBank to buy back up to $4.8 bn of shares after pressure from Elliott

Elliott, one of the world's most powerful activist investors, has amassed a holding of almost $3 billion in SoftBank

Series-B round props Automation Anywhere's valuation three-fold to $6.8 bn

Salesforce Ventures leads $290 mn funding with participation from SoftBank, Goldman Sachs. Firm plans to double India headcount to 1,900 in next few years

SoftBank's second Vision Fund is starting life a lot smaller than the first

SoftBank said in July that its second Vision Fund would be even larger than the first, which broke records in 2017 by raising almost $100 billion

SoftBank takes control of WeWork as part of bailout, Neumann to leave board

The deal would value WeWork's parent company at about $8 bn

SoftBank Group in talks for $5-billion rescue financing for WeWork

The funds will come directly from SoftBank, rather than its Vision Fund, according to a person familiar with the matter