|Bid||10,700.00 x 0|
|Ask||10,715.00 x 0|
|Day's Range||10,415.00 - 10,750.00|
|52 Week Range||6,803.00 - 12,090.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||11.78|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13,753.00|
T-Mobile US Inc's $26 billion acquisition of rival Sprint Corp appeared to win the support of a majority of the Federal Communications Commission on Monday, in a significant step toward the deal's approval. FCC Chairman Ajit Pai, a Republican, came out in favour of the combination after the companies offered concessions, including selling Sprint's Boost Mobile prepaid cell service, as did FCC Commissioner Brendan Carr, a Republican. The five-member panel's third Republican, Mike O'Rielly, said he was "inclined to support" the proposed merger, even if he was not convinced of the need for all of the conditions announced by Pai.
Japan's Nikkei slipped on Tuesday as Washington's blacklisting of Huawei Technologies Co Ltd took a heavy toll on suppliers to the Chinese telecoms equipment maker. The Nikkei fell 0.4% to 21,218.62 at ...
While Masayoshi Son is still very much at the helm of SoftBank Group Corp. (TSE:9984), the company he built into a leader of the Japanese telecom industry, his attention increasingly seems to be focused on the SoftBank Vision Fund. The Vision Fund is the company's venture capital investing arm. While managed by SoftBank, it is funded principally by external investors and has raised a staggering $100 billion .
Many investors assumed that federal antitrust regulators wouldn’t let the wireless market shrink to three major players from four. But the latest news from the FCC indicates otherwise.
Elsewhere on Monday, -- Deutsche Bank, Trump, and Kushner: “It’s the D.B. way." -- Michael Heseltine, Liberal Democrat. -- Death by derivatives. More from the Financial Times Ajay Royan searches for ...
Masayoshi Son's SoftBank has a 300-year plan, which could be genius but is probably just insane. Son made billions with his early Alibaba investment, but his first big Vision Fund bet, Uber, is not doing so well out of the gate, and he seems to have undercut it in part by making investments in competitors. Maybe Son is neither a genius nor insane, but just an ambitious businessman who likes to take big risks.
SoftBank and its $100 billion Vision Fund, the world's largest technology investor, have massively disrupted start-up investment and deployed about $80 billion. The Japanese company run by Masayoshi Son has put almost $40 billion into 19 CNBC Disruptor 50 companies — 14 on the 2019 Disruptor 50 list. The Vision Fund has made unprecedented VC investments in late-stage companies seeking between 20% to 40% ownership, according to one partner.
Berlin travel startup GetYourGuide said on Thursday it had raised nearly $500 million from investors led by SoftBank's Vision Fund to expand its online offering of tours and activities that has won a following among millennials. GetYourGuide, which has sold 25 million tickets since it was founded a decade ago, wants to invest some proceeds from the so-called Series E funding round into its "Originals" branded product that it launched last August.
The round values GetYourGuide, which competes with the likes of TripAdvisor Inc. and Expedia Inc., at well over 1 billion euros ($1.1 billion), according to a person familiar with the situation. GetYourGuide will use the money to add more product categories -- such as transportation, winter sport offerings or culinary experiences -- and build additional scale in Asia and the U.S., said Chief Executive Officer Johannes Reck.
To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_05162019.pdf If you would like to receive this newsletter via email, ...
WeWork’s parent company will buy out the stakes of its co-founder Adam Neumann in buildings where the lossmaking shared office space provider is also a tenant, seeking to address investor concerns about potential conflicts of interest. “The company will get a really good deal.
Indian online grocery start-up Grofers has secured more than $200m from investors led by SoftBank’s Vision Fund, in the $100bn investment vehicle’s latest bet on the country’s technology sector. Founded in 2013, Grofers initially offered a service delivering items from neighbourhood shops, before switching to a new model in which it manages its own inventory. Compared with online groceries rival BigBasket, backed by Alibaba, Grofers offers a smaller selection of products, aiming to attract customers with bargain prices secured through its bulk deals with manufacturers.
Japan's SoftBank Group Corp has led an investment round of more than $200 million in online grocery startup Grofers India through its Vision Fund, the New Delhi-based company said on Wednesday, upping competition in a hotly chased market in the country. Grofers' fresh funding comes after homegrown rival Bigbasket, which is backed by China's Alibaba Group, recently raised $150 million to hit a valuation of over $1 billion. Both the startups compete with the likes of Amazon.com and Walmart Inc's e-commerce unit Flipkart for various categories.
Son’s SoftBank Vision Fund is leading an investment round of more than $200 million in Grofers, the Indian online grocery startup said in a statement. Tiger Global and Sequoia Capital and new investor KTB joined SoftBank in the deal, which pushes the company’s valuation to almost $1 billion even as it competes against powerful rivals: Walmart Inc.-controlled Flipkart, Amazon.com Inc. and BigBasket, backed by Chinese e-commerce giant Alibaba Group Holding Ltd. The investment comes just after SoftBank-backed Uber Technologies Inc. flopped in its initial public offering, a sign that some investors are souring on tech startups with big dreams and bigger loses.
After a long dry spell, Masayoshi Son is finally catching a break: The listing of Uber Technologies Inc. made his Vision Fund one of the rare investors to book a capital gain from its stake, amounting to 418 billion yen ($3.81 billion) in the March quarter. While Uber shares have slumped since they started trading Friday, that’s a big win for the SoftBank Group Corp. founder, who likes to sell himself as a tech visionary. Last December, Moody’s Investors Service re-classified SoftBank as an investment holding company after Son pulled off the world’s second-largest IPO, raising $23.6 billion from his Japanese telecom operator.
Private equity funds like SoftBank-owned Fortress Investment Group LLC and Hong Kong-based Odyssey Capital Group are spending billions to tap into the appeal of traditional inns amid a tourism boom that’s ramping up ahead of next year’s Tokyo Olympics. Odyssey, along with two other investors, last year purchased its first Japanese onsen, an inn with 28 tatami-floored guest rooms near the Sea of Japan called Kagetsu, or “flowering moon.” Christopher Aiello, managing director of Odysey’s Japan real estate business, says the firm plans to spend $500 million in the next three years buying about 20 more traditional Japanese hotels, which are known as ryokan.
India's top digital payments firm Paytm on Tuesday launched a credit card with Citigroup, widening its financial product base while giving its banking partner an opportunity to vastly expand its credit card customer base in the country. The new card should help Paytm stay a step ahead of rivals in the fiercely competitive digital payments market in India where companies from Alphabet Inc-owned Google to Walmart-owned PhonePe, are all scrambling to grab a piece of the digital payments pie that is projected to grow to $500 billion by 2020, according to the Boston Consulting Group.
SoftBank has lost about $16 billion in market value in the past three trading days as Uber plunged nearly 20% below its IPO price. Just two months ago, Son told the audience at the Milken Institute conference in Tokyo that SoftBank controls 90% of the ride-hailing market worldwide through its portfolio companies which also include China’s Didi Chuxing, Southeast Asia’s Grab and India’s Ola.
The We Company, parent company of WeWork, is the latest in a string of start-up unicorns set to go public this year. It is valued at $47 billion, but like other newly public companies such as Lyft and Uber, WeWork isn't turning a profit. Instead, it's hemorrhaging cash.