during that Q&A with fortune:
"If you’ve noticed in the last six weeks, we’ve actually sold three things.
Supercell was hard. Alibaba took us nine months.
We sold [Japanese gaming company] GungHo."
it took 9 months for baba & sftb to come together for that sale just announced???
what took so long assuming baba was the only one that would be looking to buy sftb's holdings?
What is interesting is that the same bidders were in the first, second and the final round, yet they are taking too long to announce the final winning bid.
"don't want to sell it in pieces because the parts are worth less than the whole. "
isn't that contrary to what we've been listening to for the last several years?
Okay shorty, so you are smarter than many expert analysts who have intensive research department ,who expressed the valuation of this baby from $46B net to $55B or even higher.
Because initial discussions before this ludicrous method resulted in very low values to a company that margins continue to shrink, and has stopped profitably expanding their business. They have Poor management, decent legacy product that now requires restructuring and years to turn this ship around.
They initially got interest, but not to their own satisfaction, and don't want to sell it in pieces because the parts are worth less than the whole. They won't get near as much as they want, the longer it takes, the less they will get. They continue to lose ground yearly. Unlikely to get more than 40/share. And most don't want to pay all cash.
a couple excerpts:
"Is SoftBank still pursuing the strategy that you helped design, which is investing in global unicorns?
SoftBank has a two-part strategy—one is the operating assets, which in the long term are supposed to generate cash flow and that cash flow is supposed to feed into the investing assets. The operating assets include SoftBank Mobile, Sprint, which is not producing cash flow at the moment but the hope is that it will, and the bright star, which is Yahoo Japan. The cash flow from those assets and sales of investment assets generate liquidity to invest more. That’s the broad strategy."
(no answer there as to where the last piece of our puzzle is going to be placed)
"How underwater are you on your $435 million investment in SoftBank stock?
I sold that to Masa sometime in the last two days.
Are you planning to do anything got make up for the loss there?
It’s a small loss. Very small.
(i'm not about to go looking thru all of sftb's sec filings looking for that sale)
Okay. So if a private equity firm buys Yahoo YHOO -4.08% and asks you to become CEO, would you do it?
"(Laughter.) No, no, no, no, no, no. No way."
Every one else not interested in bidding for all assets. Dennis Rodman & Pal Kim Jong Un have secured Financing for the all cash deal for the whole enchilada knocking all others out.
Dennis Rodman & Pal Kim Jong Un are currently at the top of the high bidder list for the whole enchilada according to sources Saturday Morning 9am. Bids not including all assets will no longer be considered. VZ is not considered to be a realistic bidder anymore.
Dennis Rodman & Pal Kim Jong Un have submitted the Highest Bid as of Friday 6/24/16 according to sources. They will move the operations to N. Korea in 2017.
Why imminent sale report from Barron is not getting extensive scrutiny or exposure? Is this another made up or rumor report? I find the report blockbuster if there is truth to it.