- Reuters•29 minutes ago
Japan's SoftBank Group Corp (9984.T) on Thursday flagged a sharp recovery for struggling U.S. unit Sprint (S.N) and was bullish about long-term prospects for soon-to-be-acquired UK chip designer ARM (ARM.L). The telecoms and internet conglomerate unveiled plans this month to purchase ARM for $32 billion in cash, one of CEO Masayoshi Son's boldest bets yet, as he seeks to be at the forefront of the next wave of digital innovation. "I'm telling ARM management - let's increase the number of engineers, boost R&D spending and make investments proactively," Son told a briefing on SoftBank's first-quarter earnings where it reported flat profits.
- Financial Times•2 hours ago
Masayoshi Son, the chief executive of SoftBank, sought to allay investor concerns about his £24.3bn takeover of UK chip designer Arm, pointing to the group's strong cash flows and improvement at US carrier ...
After hours: 5.800.01 (0.17%) as of 7:59 PM EDT
|Bid||5.68 x 100|
|Ask||5.97 x 200|
|52wk Range||2.18 - 6.35|
|Day's Range||5.55 - 6.35|
|Avg Vol (3m)||19,099,333|
As of 4:02 PM EDT. Market closed.