Technology StocksSoftbank Group Corp

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To: Labrador who wrote (5693)1/7/2006 10:17:29 AM
From: Anchan
   of 5783
Softbank has more than tripled in 2005 and is thus back to its levels in mid 2000 (though still far from its heights pre March 2000). Business conditions are much better now, though, and the Japanese stock market (Nikkei up 36% in 6 months) looks like it might continue its fine steady rise from the bottoms. I am in the black again and will continue to hold. The 3:1 split last week brought with it a strong spike up. Possibly caused by new buyers who could finally afford to pay the legal minimum of 100 shares = ca. $4,000, rather than $12,000 per 100 shares the week before. Naturally, this spike was met with profit-taking (all the more natural when you look at the steep rises of the previous weeks). Thus, a bit of consolidating, i.e. oiling the engines for the next run.
Tokyo street feeling: much more positive than, say, 2 or 3 years ago. And internet business has finally become serious business.

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To: Maurice Winn who wrote (5681)6/2/2006 11:10:13 PM
From: Wyätt Gwyön
   of 5783
All eggs in one basket means they are easy to watch and defend with all resources. Both hands can stay on the handle.

only if you winn the lottery. it's all luck, otherwise nobody'd have a day job. be thankful for your luck if you've Won. going thru this thread from the beginning is like traipsing thru the Internet graveyard...

through the Land of Dreams Dash'd...

waking bleary-eyed to another early shift at the Home Despot.

the idea behind diversification is that not everybody can be the 1 in a million Winner. in fact 999,999 can't. if perhaps 100,000 of them listen to reason in advance they can at least avoid enriching Alpo shareholders in their twilight years.

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From: Glenn Petersen9/6/2014 7:55:34 PM
   of 5783
Softbank owns a 34.3% interest in Alibaba, which is tentatively scheduled to go public on September 19. Based on the initial pricing for the IPO, Softbank's stake is worth approximately $53 billion. The discussion thread for Alibaba: Subject 59507

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From: JakeStraw5/25/2017 8:43:15 AM
   of 5783
Why SoftBank Bought A $4-Billion Stake In Nvidia
May 24, 2017

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From: Glenn Petersen7/26/2017 10:39:06 AM
   of 5783
SoftBank Boosts Bet on Ride Hailing With Play for Stake in Uber

By Greg Bensinger and Joann S. Lublin
The Wall Street Journal
Updated July 25, 2017 6:41 p.m. ET

A SoftBank investment in Uber would muddy the mix of global alliances in the global ride-hailing business since the Japanese tech investor already own stakes in the three largest Asian ride-hailing companies. Photo: Eric Gay/Associated Press

SoftBank Group Corp. 9984 0.28% is angling for a piece of Uber Technologies Inc., a move that would further the grand ambitions of the tech investor’s founder and muddy the mix of alliances in the global ride-hailing business.

The Japanese technology company has approached San Francisco-based Uber about a multibillion-dollar stake, people familiar with the matter said. Talks between the companies are described as preliminary and one-sided, and any deal would likely be on hold until Uber hires a new chief executive, which isn’t expected for weeks, the people said.

SoftBank founder Masayoshi Son has sought to seize hold of cornerstone technologies he expects to dictate how humans interact with the world for decades to come. As early adopters of self-driving technology, ride-hailing firms are central to Mr. Son’s strategy to accelerate a robotic revolution and generate value from his varied investments in semiconductors, networks, cybersecurity and deep learning.

Softbank is a big investor in the three largest Asian ride-hailing companies: Singapore’s GrabTaxi Holdings Pte., India’s Ola and China’s Didi Chuxing Technology Co. On Monday, SoftBank said that it and Didi would lead a $2.5 billion fundraising round in Grab, giving the startup more ammunition in its battle against Uber across Southeast Asia.

Spokesmen from both Uber and SoftBank declined to comment.

While it is rare for SoftBank to hedge its investments, an offer could mean the company hopes Uber combines its operations with Grab and Ola, as it did last year with Didi. Such a merger would give SoftBank a formidable share of the Asian market.

Uber, which is struggling with management challenges at home and strong competition from rivals overseas, has shown a willingness to retreat from costly battles around the world. Earlier this month, it said it plans to combine its operations with Russian rival Yandex.Taxi, owned by Yandex NV.

Uber co-founder Travis Kalanick relinquished his role as chief executive last month after investors demanded he step down. His resignation followed a number of scandals as well as an investigation into sexual harassment and sexism at the company. Mr. Kalanick remains on the board.

A massive capital injection wouldn’t be out of the ordinary for Uber, which has raised more money—about $15 billion in equity and debt funding—than any other private company backed by venture capital. Uber has had to tap increasingly larger sources of capital to support its breakneck global expansion and fight fierce price wars around the U.S. The company’s losses last year totaled more than $3 billion, though it still had about $7 billion in cash on its balance sheet.

A year ago Uber turned to the Middle East for its biggest single capital infusion, a $3.5 billion investment from Saudi Arabia’s main investment fund, the Public Investment Fund. That deal handed an Uber board seat to Yasir Al Rumayyan, the managing director of PIF who also now sits on the board of SoftBank. The Saudi sovereign-wealth fund is the lead investor in SoftBank’s new $93 billion fund that is already starting to shower startups with hundreds of millions of dollars in capital.

With the Vision Fund, Mr. Son is likely to wield extensive influence on Silicon Valley and beyond through significant bets in areas such as robotics and deep learning, as artificial intelligence surpasses human capabilities. He has turned SoftBank into one of Japan’s biggest companies by making sizable investments in telecommunications, e-commerce and technology, including an early investment in Chinese internet company Alibaba Group Holding Ltd. , a gamble on U.S. telecommunications company Sprint Corp. and a buyout of U.K. Microchip designer ARM Holdings PLC.

“Many more changes are coming—I am so excited, even sleeping is a waste of time,” Mr. Son, 59, said at an event for SoftBank’s corporate clients and partners on Thursday. He compared SoftBank’s role to that of the landed elites played to enable the industrial revolution. “We want to be the gentry of the IT revolution.”

SoftBank’s big wagers have tended to greatly inflate startup valuations. The newest investment in Grab, which operates private-car, taxi, motorcycle and carpool bookings across seven countries in Asia, would value the startup at more than $6 billion, according to a person familiar with the situation. That is double the valuation from less than year ago and would make Grab the most valuable startup in Southeast Asia. SoftBank’s $5 billion investment in Didi last year catapulted the Chinese startup’s valuation to $50 billion from $33 billion.

Bloomberg News earlier reported SoftBank’s potential interest in buying shares of Uber.

Write to Greg Bensinger at, Joann S. Lublin at and Liza Lin at

Appeared in the July 26, 2017, print edition as 'SoftBank in Talks For Stake in Uber.'

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From: Glenn Petersen7/28/2017 9:52:41 PM
   of 5783
Charter Rebuffs Sprint's Merger Proposal

By \Alex Sherman
July 28, 2017

Masayoshi Son
Photographer: Akio Kon/Bloomberg

Charter Communications Inc. isn’t interested in a merger with Masayoshi Son’s Sprint Corp. following a published report that the Japanese billionaire was seeking such a deal, according to a person familiar with the matter.

Son, who is Sprint Corp.’s chairman, proposed a merger of his struggling wireless company with Charter, the Wall Street Journal reported Friday, citing unnamed people familiar with the matter. SoftBank Group Corp. spokesman Matthew Nicholson did not immediately respond to email and voice messages seeking comment.

The proposal called for the creation of a new publicly traded company that would combine Sprint and Charter and be controlled by Son’s SoftBank, the newspaper reported. Since the end of May, Charter and Comcast Corp. had been in exclusive talks with Sprint over possible deals, including one that would allow the cable companies to resell wireless service under their own brands. The exclusivity ended this week.

The closing of that window paved the way for Sprint to resume discussions with T-Mobile US Inc. or other partners, people with knowledge of the matter told Bloomberg News earlier this week. The cable companies are interested in a reselling deal that would let them offer Sprint’s wireless service under their own brands.

A combination of Sprint and Charter would put together the fourth-largest U.S. wireless carrier with the No. 2 U.S. cable company. Sprint, based in Overland Park, Kansas, has a market value of almost $33 billion and even more in long-term debt. Revenue totaled $33.3 billion in the past 12 months. Son’s SoftBank holds an 83 percent stake in the carrier.

Charter, located in Stamford, Connecticut, has a market value of more than $100 billion and long-term debt of more than $63 billion. Its revenue totaled $40.8 billion in the past year.

Cable billionaire John Malone holds a 21 percent stake in Charter through his Liberty Broadband company.

— With assistance by Pavel Alpeyev, and Chris Cooper

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From: Glenn Petersen7/31/2017 4:45:53 PM
   of 5783
SoftBank is plowing billions into tech companies: Here's a list of investments so far
  • SoftBank is making huge investments in both public and private tech companies.
  • Some of these investments involved or will be offered to the SoftBank Vision Fund, which includes other investors like the Saudi Arabian sovereign wealth fund.
  • Here's a rundown.
Sally Shin | @sallyshin
Friday, 28 Jul 2017 | 2:12 PM ET

Adam Jeffery | CNBC
Masayoshi Son, CEO of SoftBank.

Japanese tech giant SoftBank has been plowing billions of dollars into tech companies, both public and privately held, in the last year -- so much so that one investor has questioned whether SoftBank is fueling a new valuation bubble in tech.

Some of these investments are coming from the gigantic SoftBank Vision Fund, which includes funds from SoftBank as well as Saudi Arabia's sovereign wealth fund and tech companies like Apple, Foxconn, Qualcomm and Sharp. The fund announced in May that it had closed $93 billion in capital, and hopes to raise $100 billion by the end of the year.

But SoftBank has also announced many investments that don't involve the Vision Fund. According to reports and sources familiar, some of these investments will be offered to the Vision Fund, while others will not.

Here's a partial list:

Vision Fund investments:
  • Brain Corp, an AI company working on tech for self-driving robots, received a $114 million investment from the Vision Fund in July.
  • Plenty, specializing in vertical farming, landed $200 million from the Vision Fund in July.
SoftBank investments that are expected to be offered to the Vision Fund
  • Nauto – A softbank SoftBank and GM led a $159 million investment in self-driving car start-up Nauto in June, and Softbank is expected to offer its portion of this investment to the Vision Fund.
  • Nvidia – SoftBank invested $4 billion in graphics chip-maker Nvidia in May, and is expected to offer this investment to the Vision Fund.
  • Improbable – SoftBank led a $500 million investment into this UK virtual reality start-up in May, and is expected to offer its portion of this investment to the Vision Fund.
  • Guardant Health – SoftBank led a $360 million investment in this cancer-detection start-up in May, and is expected to offer its portion of this investment to the Vision Fund.
  • OSlsoft – SoftBank announced an investment in industrial software maker OSIsoft in May, and is expected to
  • this investment to the Vision Fund. The amount of the investment was not disclosed, but Reuters reported it to be in the "hundreds of millions of dollars."
  • OneWeb – SoftBank invested $1 billion in this satellite-based Internet provider last December, but is expected to offer this investment to the Vision Fund.
  • ARM – SoftBank bought the British mobile chip designer for $32 billion last year, and is expected to offer 24.99% of its holdings to the Vision Fund.
  • SoFi – SoftBank led a $1 billion investment in online personal finance company and lending start-up SoFi in 2015, and is expected to offer its portion of this investment to the Vision Fund.
SoftBank investments that are not currently expected to be offered to the Vision Fund
  • WeWork – SoftBank announced in July that it was participating in a complicated $500 million investment that will create a Chinese subsidiary of the U.S. workspace-sharing start-up.
  • Boston Dynamics – In June, SoftBank bought this robotics start-up that was previously a division of Google holding company Alphabet. SoftBank has not disclosed intentions to transfer to the Vision Fund.
This week, SoftBank was also reported to be leading a $250 million investment in business messaging platform Slack, and to be considering an investment of "billions" in ride-hailing giant Uber, although sources tell CNBC that an Uber deal is not happening.

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From: Glenn Petersen8/3/2017 11:48:01 AM
   of 5783
SoftBank invests $250 million in U.S. online lender Kabbage

Anna Irrera
August 3, 2017 / 5:38 AM

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017.Issei Kato/File photo

NEW YORK (Reuters) - Kabbage Inc, a U.S. online lender for small businesses, said on Thursday it had raised $250 million in equity funding from SoftBank Group Corp ( 9984.T), the latest fintech investment by the Japanese technology conglomerate.

That is the largest equity investment in such lenders outside of China so far, according to data provider CB Insights.

The Atlanta-based startup, which operates in North America and Europe, will use the cash to add lending products and other types of financial services, it said in a statement.

Kabbage plans to launch in Asia within the next 18 months, co-founder and Chief Executive Rob Frohwein said in an interview. "We believe that our system can be deployed rapidly on an international basis."

He declined to disclose Kabbage's new financial services.

Kabbage is among a group of young companies that use digital technologies to lower lending costs and offer credit faster than brick-and-mortar institutions.

Founded in 2009, Kabbage sells its technology to large banks to provide credit online, and has provided nearly $3.5 billion in funding to small businesses. Its technology powers automated lending for banks Banco Santander SA ( SAN.MC), ING Groep NV ( INGA.AS) and Scotiabank ( BNS.TO).

SoftBank, led by Chief Executive Masayoshi Son, has become a prolific global investor in technology startups. In 2015 it invested $1 billion in San Francisco-based online student lender Social Finance, known as SoFi.

While online lending is expanding, the sector has faced growing pains, including softer institutional investor demand due to concerns about loan quality.

This has made it harder for such lenders to raise funding, leading analysts and market participants to suggest the sector might be headed for consolidation.

In March Reuters reported that Kabbage was looking to raise a new round of equity funding for potential consolidation, with listed competitor On Deck being one of its acquisition targets.

Kabbage has no "specific plan" to buy On Deck, Frohwein said. "We look at all sorts of opportunities, but it needs to be in spaces that are not similar or overlapping with what we do."

Reporting by Anna Irrera; Editing by Richard Chang

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From: JakeStraw8/10/2017 12:27:47 PM
   of 5783
SoftBank’s Vision Fund backs Flipkart in record India tech investment

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From: Glenn Petersen8/25/2017 4:09:48 PM
   of 5783
WeWork just raised another $4.4 billion from Softbank

Avery Hartmans
Business Insider
Aug. 24, 2017, 1:53 PM

Miguel McKelvey and Adam Neumann discuss WeWork at IGNITION 2016. Business Insider

WeWork has raised $4.4 billion in funding from SoftBank Group and SoftBank Vision Fund, the office sharing startup announced Thursday.

SoftBank is investing $3 billion in WeWork itself, and putting another $1.4 billion into three new WeWork subsidiaries — WeWork China, WeWork Japan, and WeWork Pacific.

As part of the investments, SoftBank will is naming two directors to WeWork's board: Ronald D. Fisher, a director of SoftBank Group; and Mark Schwartz, an external director of SoftBank Group.

Earlier this year, the Wall Street Journal reported that WeWork raised $300 million from SoftBank with plans to raise a total of $3 billion. Then, in early July, Bloomberg reported that WeWork had gotten another $760 million. At the end of July, WeWork secured an extra $500 million from SoftBank. Thursday's announcement includes the previous investments.

WeWork leases out large blocks of space in commercial buildings and then subleases them to smaller companies, frequently tech startups. The new-age real estate firm was valued at $21 billion in July, making it the fifth highest-valued startup in the world.

SoftBank's investment represents one of the first made by its new $100 billion tech-focused Vision Fund, which was announced last October and is being described as the largest fund of its kind in the world.

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