Softbank Alibaba Split May Be Move to Cash in on $BABA

Softbank Alibaba Split May Be Move to Cash in on $BABA

Softbank is bleeding cash and may sell $BABA stock $BABA will do better in China without the perceived influence of Japan SoftBank Group founder Masayoshi Son announced Thursday he was leaving the board of Alibaba as Jack Ma, the charismatic co-founder of the Chinese e-commerce giant, also leaves SoftBank’s board. Son made the unexpected move […]

Japanese giant SoftBank Group suffered an operating loss of $6.4 billion in the second quarter

Japanese giant SoftBank Group suffered an operating loss of $6.4 billion in the second quarter

Japanese giant SoftBank Group suffered an operating loss of $6.4 billion in the second quarter, it said Wednesday, as investments in start-ups such as WeWork and Uber took a massive hit. In the three-month period ending September 30, operating losses hit a whopping 704.4 billion yen ($6.4 billion). The firm said first-half operating losses from […]

Abu Dhabi in Talks to Invest in $100-B SoftBank’s Vision Fund

Abu Dhabi in Talks to Invest in $100-B SoftBank’s Vision Fund

Abu Dhabi in Talks to Invest in $100-B SoftBank’s Vision Fund $SFTBY, $AAPL, $ORCL, $DB, $UBS Saudi Arabia’s Public Investment Fund is a major backer of the fund Abu Dhabi’s sovereign wealth fund is said to be among the parties in talks to invest in Japanese telecoms group SoftBank’s (OTCMKT:SFTBY)$100-B technology fund. The FT cited people […]

Pro-Business Trump, Cutting Cost and Creating Jobs in US

Pro-Business Trump, Cutting Cost and Creating Jobs in US

Pro-Business Trump, Cutting Cost and Creating Jobs in US $BA, $S Tuesday, US President Elect Donald Trump said that the big Japanese telecom company SoftBank Corp. will invest $50-B in the United States, creating 50,000 jobs. “This is Masa of SoftBank from Japan, and he’s agreed to invest $50-B in the United States and 50,000 […]