TOKYO (Reuters) - SoftBank Group Corp <9984.T> said on Monday it spent 139.3 billion yen ($1.35 billion) repurchasing almost 20 million shares in October, part of a record buyback plan that has pushed the group's share price to near two-decade highs.
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?
(Reuters) - SoftBank Group <9984.T> CEO Masayoshi Son told the executive he tasked to turn around WeWork after its botched initial public offering to "use whatever excuse" to delay a $3 billion payout to the office-sharing startup's shareholders, a court transcript released on Wednesday showed.
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
Preliminary work on a buyout got under way after a record drop in SoftBank shares in March, but the effort was later tabled as the stock price more than doubled with asset sales
Son trimmed his committed shares by about 14 million to 213 million, according to regulatory filings.
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 Group said late last month it would slash its stake in Japan's third-biggest wireless carrier to 40%, part of a wave of asset sales by the group as it builds up cash
Deal will create 'the premier computing firm for the age of AI', says Nvidia
(Reuters) - SoftBank Group Corp <9984.T> is close to selling British chip designer Arm Holdings to Nvidia Corp for more than $40 billion, a deal which would create a giant in the chip industry, the Wall Street Journal reported https://on.wsj.com/2Rlv7HC on Saturday.
SoftBank shares tumbled 7.2% on Monday in Tokyo, erasing about $9 billion of market value
Investors have gone back and forth on whether Son, 63, is a true visionary or more of a gambler
TikTok is considering selling its operations in several countries after local governments shut out the app, citing fears that sensitive user data was passing into the hands of China
The Tokyo-based parent said it will sell 927 million shares in SoftBank through a global secondary offering, about a third of its stake
Oyo has struggled in Japan even with the full endorsement of SoftBank
Chief Executive Masayoshi Son last week announced a new investment management subsidiary that would park excess cash from a massive asset sale programme in liquid stocks
Masayoshi Son used to run a tech company but he has not 'operated' anything for a while.
Chief Executive Masayoshi Son has long emphasised the total value of assets as his preferred yardstick
With SoftBank Group's shares surging to their highest price in two decades on Thursday, Son's net worth hit $20 billion
The stock rose 4.6 per cent to 6,190 yen ($58) on Tuesday, the highest since March 2000.