SoftBank shares surge after Alibaba unveils six-way split of its businesses
1 year, 8 months ago

SoftBank shares surge after Alibaba unveils six-way split of its businesses

Live Mint  

SoftBank Group Corp. surged in Tokyo trading after Alibaba Group Holding Ltd. announced a six-way split of its businesses, fueling optimism for a recovery at one of the Japanese company’s most important holdings. “The expectation is for the spinoff units to have their businesses properly valued, which will boost Alibaba’s overall corporate value.” SoftBank founder Masayoshi Son has relied on his Alibaba stake in recent years to generate cash for other startup investments and to compensate for losses in his portfolio. Alibaba’s market capitalization slid with the Chinese government’s crackdown on tech giants though, falling from a peak of more than $850 billion in 2020 to about $220 billion before the breakup announcement. Alibaba shares rose 14% in New York trading after the split announcement, pushing its market value to about $255 billion.

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History of this topic

Japan’s SoftBank Group trims investment losses but remains in red for fiscal year
7 months, 1 week ago

Japan’s SoftBank Group trims investment losses but remains in red for fiscal year

Associated Press  

TOKYO — SoftBank Group trimmed its losses for the fiscal year through March to about a quarter of the red ink it racked up a year earlier, as its investment losses declined, the Japanese technology company said Monday. By quarter, SoftBank Group, which invests in artificial intelligence, robotics, autonomous driving and other technology, recorded its second straight quarterly profit, at …

Japan’s SoftBank Group marks a return to profit as it cuts Vision Fund losses
10 months, 2 weeks ago

Japan’s SoftBank Group marks a return to profit as it cuts Vision Fund losses

Associated Press  

TOKYO — Japanese technology conglomerate SoftBank Group returned to profitability in October-December after four straight quarters in the red, the company said Thursday. Tokyo-based SoftBank reported a 950 billion yen, profit for the October-December quarter, a reversal from a 783 billion yen loss in the same period a year earlier. Its 458.7 billion yen loss for April-December was still an …

Japan's SoftBank Group marks a return to profit as it cuts Vision Fund losses
10 months, 2 weeks ago

Japan's SoftBank Group marks a return to profit as it cuts Vision Fund losses

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japanese technology conglomerate SoftBank Group …

Delhivery shares fall over 3.50% on large block deal
1 year, 1 month ago

Delhivery shares fall over 3.50% on large block deal

Live Mint  

Shares of Delhivery, the country's largest fully integrated logistics services provider, tumbled 3.70% in early trade on Friday, reaching ₹398.50 apiece. Earlier, it was reported that Japan’s SoftBank Group Corp. would sell shares worth $154 million in Delhivery in a block deal on Friday, Moneycontrol reported on Thursday, citing sources. The bulk deal transaction, which took place in March, was …

Japan’s SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour
1 year, 1 month ago

Japan’s SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour

Associated Press  

TOKYO — Japanese technology company SoftBank Group Corp. racked up a huge loss in the July-September quarter as its technology investments, most notably office-sharing company WeWork, went sour. Tokyo-based SoftBank loss totaled 931 billion yen in the last quarter, a reversal from the 3 trillion yen profit it posted in the same period a year earlier. SoftBank’s chief financial officer, …

Silicon Valley Bank collapse may increase scrutiny of SoftBank Group investments
1 year, 9 months ago

Silicon Valley Bank collapse may increase scrutiny of SoftBank Group investments

Live Mint  

The spectacular collapse of Silicon Valley Bank might increase trouble for other US lenders, and bring SoftBank Group Corp. investments under tightened scrutiny. The shaken confidence of the investors might even bring down SoftBank Group Corp's share below CEO Masayoshi Son’s pain point, reported Bloomberg. SoftBank has made it clear that it expects barely any impact from the US lender's …

Morgan Stanley, BNP Paribas buy shares in this new age stock. Details inside
1 year, 9 months ago

Morgan Stanley, BNP Paribas buy shares in this new age stock. Details inside

Live Mint  

Morgan Stanley Mauritius Company Ltd, BNP Paribas Arbitrage, Societe Generale have bought shares of Delhivery on Wednesday, as per the block deals data available on the BSE, on the same day SoftBank sold stake in the logistics company. As per the data, Morgan Stanley Mauritius purchased 7,92,783 shares in the supply chain company whereas BNP Paribas Arbitrage picked up 8,00,000 …

SoftBank sells Delhivery shares worth ₹954 crore
1 year, 9 months ago

SoftBank sells Delhivery shares worth ₹954 crore

Live Mint  

Japanese conglomerate Softbank on Wednesday divested 3.8% of its stake in supply chain company Delhivery for ₹954 crore through open market transactions. According to the block deal data available with the BSE, SVF Doorbell offloaded 2.80 crore shares in eight transactions, amounting to 3.8 per cent stake in the firm. Saudi Arabian Monetary Authority, City of New York Group Trust, …

SoftBank loses nearly $6 billion in quarter as investments suffer
1 year, 10 months ago

SoftBank loses nearly $6 billion in quarter as investments suffer

Live Mint  

TOKYO : SoftBank Group Corp.’s technology investment vehicles posted a loss of nearly $6 billion in the latest quarter, leading the company to reiterate its conservative approach. After posting a record loss equivalent to more than $20 billion in the April-to-June quarter, it reported an equally large profit in the quarter ending in September thanks to profits from unwinding its …

SoftBank to cut stake in PolicyBazaar by half
2 years ago

SoftBank to cut stake in PolicyBazaar by half

Live Mint  

Japanese conglomerate SoftBank will sell half of its stake in listed insurance aggregator PolicyBazaar, owned by PB Fintech, in a block deal on 2 December, for an amount of $130 million, according to a person aware of the development. The investment management giant will divest 5% stake, around 22 million shares, out of the total 10% stake in PolicyBazaar at …

SoftBank plans to sell 5% stake in Policybazaar via block deal tomorrow: Report
2 years ago

SoftBank plans to sell 5% stake in Policybazaar via block deal tomorrow: Report

Live Mint  

Japanese conglomerate SoftBank Group Corp is planning to sell a 5% stake in PB Fintech, the parent of online insurance marketplace Policybazaar, via a block deal on Friday, reported Reuters citing a report. From tomorrow's block deal, through which Softbank is aiming to raise ₹1,000 crore, could be at a base price of ₹440 a share, at a discount of …

Indonesian tech firm GoTo in talks with Alibaba, Softbank for stake sale
2 years, 2 months ago

Indonesian tech firm GoTo in talks with Alibaba, Softbank for stake sale

Hindustan Times  

Indonesia’s largest tech company GoTo Group is in talks with its major owners for a controlled sale of roughly $1 billion of their stakes, aiming to avoid a potential stock crash when a lock-up on their holdings ends next month. GoTo is gauging the interest of early backers including Alibaba Group Holding Ltd. and SoftBank Group Corp. for a managed …

SoftBank reports record $27.5 billion loss on crashing tech stocks
2 years, 7 months ago

SoftBank reports record $27.5 billion loss on crashing tech stocks

CNN  

Hong Kong CNN Business — SoftBank’s mega tech funds lost more than $27 billion in the last fiscal year, by far their worst performance on record. SoftBank’s portfolio companies include South Korean e-commerce firm Coupang and Southeast Asian ride-hailing startup Grab, which both went public in record-breaking offerings on Wall Street last year. Son also said that the company had …

China’s tech crackdown hit SoftBank like a blizzard. Masa Son turns to Paytm
3 years, 1 month ago

China’s tech crackdown hit SoftBank like a blizzard. Masa Son turns to Paytm

CNN  

New Delhi CNN Business — SoftBank is stuck in a “big winter snowstorm,” founder and CEO Masayoshi Son said Monday, after a sweeping tech crackdown in China battered some of the Japanese company’s key investments. Son said that the company’s net asset value — which he says is a better indication of the firm’s performance — fell by 6 trillion …

SoftBank resumes buybacks with modest $380 million in September
4 years, 2 months ago

SoftBank resumes buybacks with modest $380 million in September

Live Mint  

SoftBank Group Corp. resumed buying back shares in September, shelling out ¥40.1 billion after suspending in August a multi-billion-dollar program that’s proven instrumental in buoying the stock. Masayoshi Son’s conglomerate bought back 6.17 million shares last month, it said in a filing Wednesday, part of a now half-completed 2.5 trillion yen buyback program. The Japanese company resumed buying on Sept. …

SoftBank Takes $10 Billion Hit after Being Unmasked as Nasdaq 'Whale'
4 years, 3 months ago

SoftBank Takes $10 Billion Hit after Being Unmasked as Nasdaq 'Whale'

News 18  

Shares in SoftBank retreated again on Tuesday, bringing losses in Japan to 7.7% over two days following reports that the conglomerate had been making huge and risky bets on tech stocks. SoftBank bought $4 billion worth of options tied to underlying shares it had earlier purchased in tech firms like Amazon, Microsoft and Netflix, according to the Wall Street Journal. …

Japan tech giant SoftBank’s profits rise on investments
4 years, 4 months ago

Japan tech giant SoftBank’s profits rise on investments

Associated Press  

TOKYO — Japanese technology giant SoftBank Group Corp.'s said Tuesday that its profit rose 12% in April-June from a year earlier as its investments added to its coffers, including sales of its shares in U.S. carrier T-Mobile. Tokyo-based SoftBank reported Tuesday a fiscal first quarter profit of 1.2 trillion yen, up from 1.1 trillion yen in the previous fiscal year. …

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