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Technology Stocks : Softbank Group Corp
SFTBY 27.49-4.5%Nov 26 4:00 PM EST

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To: Madharry who wrote (5915)12/9/2020 10:06:00 PM
From: Glenn Petersen  Read Replies (1) of 5973
 
Softbank is on a winning streak.

This is interesting. Unfortunately, the full article is behind am paywall and I don't have subscription to Barron's.

SoftBank Stock Gains on Report It May Go Private. It Has a Huge Winner In DoorDash.

By Eric J. Savitz
Bloomberg
Dec. 9, 2020 12:13 pm ET

SoftBank stock got a lift on Wednesday from a report that the Japanese investment company is considering an unusual approach to going private.

According to Bloomberg, SoftBank (ticker: SFTBY) is debating a new strategy to go private gradually, by slowly buying back enough shares until founder and CEO Masayoshi Son has a big enough stake to squeeze out the remaining investors. The company this morning declined to comment on the report.

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