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Rakuten Group, Inc. (RKUNY)

4.9100

-0.0300

(-0.61%)

At close: April 24 at 3:46 PM EDT

Rakuten’s Costly Junk Bonds Signal Challenge for Japanese Billionaire Mikitani

(Bloomberg) -- After five straight years of losses, billionaire Hiroshi Mikitani’s Rakuten Group Inc. is trying to bounce back from a move into mobile that cost it billions of dollars. Doing so is proving expensive.Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsVietnam Tycoon Lan Sentenced to Death Over $12 Billion FraudChinese Cement Maker Halted After 99% Crash in 15 MinutesUS Inflation Refuses t

Bloomberg 13 days ago

RKUNY
-0.61%
Radcom (RDCM) Renews Collaboration With Rakuten Mobile

Radcom (RDCM) expands its partnership with Rakuten Mobile to include AI-powered comprehensive network analytics along with existing solutions.

Zacks 15 days ago

RDCM

RKUNY
-0.61%
ANET
Rakuten Boosts Junk Bond Sale to $2 Billion With Juicy Yield

(Bloomberg) -- Rakuten Group Inc. boosted a junk bond sale to $2 billion as the debt-laden Japanese company attracted investors with a yield that’s significantly higher than similarly rated debt.Most Read from BloombergApple Explores Home Robotics as Potential ‘Next Big Thing’ After Car FizzlesKim Jong Un Faces Annihilation in Most Korea War ScenariosTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionTSMC Facilities to Resume Production Overnight After QuakeA Million Simulations, On

Bloomberg 20 days ago

RKUNY
-0.61%
Rakuten Boosts Junk Bond Sale to $2 Billion on Strong Demand

(Bloomberg) -- Rakuten Group Inc. priced a $2 billion junk bond after boosting the size of the offering by 60% due to strong demand from investors.Most Read from BloombergApple Explores Home Robotics as Potential ‘Next Big Thing’ After Car FizzlesKim Jong Un Faces Annihilation in Most Korea War ScenariosTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionTSMC Facilities to Resume Production Overnight After QuakeA Million Simulations, One Verdict for US Economy: Debt Danger AheadThe J

Bloomberg 21 days ago

RKUNY
-0.61%
Rakuten Offers $1.25 Billion Junk Bond in Return to US Market

(Bloomberg) -- Rakuten Group Inc. is returning to the high-yield bond market with a $1.25 billion offering, in the latest move by the debt-laden Japanese online retailer to try to bolster its finances. Most Read from BloombergA Million Simulations, One Verdict for US Economy: Debt Danger AheadTrump Media’s Business Doesn’t MatterIran Vows to Punish Israel Over Deadly Syria Embassy StrikeErdogan Suffers Historic Loss in Turkey Municipal ElectionsCaribbean Golden Passport Cost Soars to $200,000 on

Bloomberg 22 days ago

RKUNY
-0.61%
Rakuten Considers Combining Financial Units; Shares Jump

(Bloomberg) -- Rakuten Group Inc., the debt-laden online retailer, said it will consider combining its financial units to promote collaboration.Most Read from BloombergErdogan Suffers Historic Loss in Turkey Municipal ElectionsTrump’s Net Worth Drops $1 Billion as Social Media Firm SinksTesla Has Wall Street Worried About How Many Cars It Just SoldCaribbean Golden Passport Cost Soars to $200,000 on EU CrackdownGold Retreats From Record as US Factory Data Spurs Fed DebateThe Japanese conglomerate

Bloomberg 23 days ago

RKUNY
-0.61%
Rakuten Group aims to integrate bank, fintech units

TOKYO (Reuters) -Rakuten Group plans to integrate its fintech businesses into one group, it said on Monday, aiming to strengthen collaboration and customer acquisition across areas from online banking and credit cards to securities and insurance. Rakuten Group and Rakuten Bank entered into a memorandum of understanding on the re-organisation, which is set to take effect in October, the companies said in statements. Rakuten Bank would continue to be listed on the Tokyo exchange after the integration, they added.

Reuters 23 days ago

RKUNY
-0.61%
15 Best eBay Alternatives to Try in 2024

In this article, we will take a look at the 15 best eBay alternatives to try in 2024. If you want to skip our detailed analysis, you can go directly to 5 Best eBay Alternatives to Try in 2024. Why is eBay a Go-To Choice Among Sellers? eBay Inc. (NASDAQ:EBAY) is a multinational e-commerce platform […]

Insider Monkey last month

EBAY

TGT

WMT
Oil inches down as US inflation data, rising OPEC output weigh

NEW YORK (Reuters) -Oil prices edged lower on Thursday as U.S. inflation data implied a softening of the world's biggest economy that could weaken crude demand, with rising OPEC production also weighing on prices. The Federal Reserve's preferred inflation gauge, the U.S. personal consumption expenditures (PCE) index, showed January inflation in line with economists' expectations, keeping a June interest rate cut on the table.

Reuters last month

RKUNY
-0.61%
Top 20 E-Commerce Companies in the World

In this article, we will take a look at the top 20 e-commerce companies in the world. If you want to skip our detailed analysis, you can directly go to Top 5 E-Commerce Companies in the World. E-Commerce Trends for 2024 On January 17, Forbes published a report on e-commerce trends in 2024. Artificial intelligence […]

Insider Monkey last month

WMT

AMZN

RKUNY
-0.61%
Rakuten to Offer Satellite-to-Mobile Service in Japan From 2026

(Bloomberg) -- Rakuten Group Inc.’s Hiroshi Mikitani is betting on a niche technology to draw more enthusiasm for his struggling domestic mobile carrier: satellite phones.Most Read from BloombergYour 401(k) Will Be Gone Within a DecadeLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover for $35 Billion in Top 2024 DealUS Tells Allies Russia May Launch Anti-Satellite Nuclear Weapon Into Space This YearChina Tightens Grip on Stocks With Net Sale Ban at Open,

Bloomberg 2 months ago

RKUNY
-0.61%
Rakuten Shares Jump by Up to 16% After Mobile Unit Cuts Losses

(Bloomberg) -- Rakuten Group Inc. gained the most in almost three years after losses narrowed in its mobile operations on a rise in subscribers and telecommunication revenues.Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Amazon Deserves to Be Called Out for Swindling UsersStocks Pause Near Record as Traders Await Catalyst: Markets WrapWall Street’s Moelis Bet Big on the Middle East. Now H

Bloomberg 2 months ago

RKUNY
-0.61%
EXCLUSIVE: Rakuten Reinvigorates Its Partnership With NYFW: The Shows With More Access to Shoppers

The platform’s second season of fashion week collaborations includes partnerships with Prabal Gurung, Sergio Hudson, PatBo, Diotima and Erin Walsh.

WWD 2 months ago

RKUNY
-0.61%
Japan's Rakuten issues $1.8 billion of dollar-denominated 3-year senior notes

Japanese e-commerce conglomerate Rakuten Group said on Wednesday that it will issue $1.8 billion of U.S. dollar-denominated 3-year senior notes at an interest rate of 11.25%. The fundraising will allow Rakuten to fully buy back its 10.25% senior notes and 3.546% senior notes due in 2024, which have a combined principal outstanding of $1.75 billion. Rakuten announced tender offers to buy back the notes last Friday with a combined cap of $1 billion, but the company said on Tuesday it was "extending the offers to any and all outstanding notes of either series".

Reuters 2 months ago

RKUNY
-0.61%
Rakuten boosts dollar bond issuance amount to $1.75 billion -source

TOKYO (Reuters) -Japanese e-commerce conglomerate Rakuten Group has raised the size of a planned dollar-denominated 3-year senior note issuance to $1.75 billion from $1 billion, according to a source close to the deal. Rakuten announced tender offers to buy back the notes last Friday with a combined cap of $1 billion, but the company said on Tuesday it was now "extending the offers to any and all outstanding Notes of either series". In addition to refinancing its debt, Rakuten has also listed its banking unit, sold off assets and issued new shares to shore up its finances.

Reuters 2 months ago

RKUNY
-0.61%
Rakuten Advertising Announces AI-Driven Partnership Discovery Solution to Connect Advertisers with the Most Effective Publisher Partners

Rakuten Advertising, the leading global affiliate marketing network, revealed its plans to launch Partnership Discovery, the latest artificial intelligence investment as part of the company's Affiliate Intelligence platform and vision, at Affiliate Summit West 2024 in Las Vegas. Partnership Discovery leverages AI to help advertisers identify the most effective publisher partners for product-specific affiliate campaigns to drive higher audience engagement and more revenue. Publishers will also be

PR Newswire 3 months ago

RKUNF
0.00%
RKUNY
-0.61%
Gen Z Women Seeking Work-life Balance Lean Into the Quiet Shopping Trend

New data from Rakuten shows quiet quitting has inspired new consumer behaviors.

WWD 3 months ago

RKUNY
-0.61%
Rakuten Group prices Rakuten Bank shares at 2,470 yen in $412 million overseas sale

TOKYO (Reuters) -Japan's Rakuten Group said on Thursday it set a price of 2,470 yen per share in a planned overseas sale of 24.5 million shares of Rakuten Bank worth 60.6 billion yen ($411.9 million). Rakuten Bank's shares fell 9% in morning trading on Thursday. Rakuten said it would use the proceeds to repay bonds early as it was committed to reducing interest-bearing debt.

Reuters 4 months ago

RKUNY
-0.61%
Japan's Rakuten to raise up to $433 million with further sale of bank unit

TOKYO (Reuters) -Rakuten Group said on Wednesday it plans to sell a large stake in Rakuten Bank to overseas investors, its latest fundraising effort as the Japanese company grapples with heavy debt and losses at its mobile network unit. Hit by spiralling costs to build out its mobile network, it has almost 800 billion yen ($5.4 billion) in bond redemptions due before the end of 2025. The unit's troubles have also resulted in Rakuten logging 13 consecutive quarters of operating losses.

Reuters 4 months ago

RKUNY
-0.61%
UPDATE 3-Japan's Rakuten to raise up to $433 mln with further sale of bank unit

Rakuten Group said on Wednesday it plans to sell a large stake in Rakuten Bank to overseas investors, its latest fundraising effort as the Japanese company grapples with heavy debt and losses at its mobile network unit. Hit by spiralling costs to build out its mobile network, it has almost 800 billion yen ($5.4 billion) in bond redemptions due before the end of 2025. The unit's troubles have also resulted in Rakuten logging 13 consecutive quarters of operating losses.

Reuters 4 months ago

RKUNY
-0.61%

Performance Overview

Return	RKUNY	Nikkei 225
YTD	+9.35%	+13.59%
1-Year	-3.16%	+32.81%
3-Year	-60.37%	+30.98%

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Rakuten Group, Inc. (RKUNY)

Rakuten’s Costly Junk Bonds Signal Challenge for Japanese Billionaire Mikitani

Radcom (RDCM) Renews Collaboration With Rakuten Mobile

Rakuten Boosts Junk Bond Sale to $2 Billion With Juicy Yield

Rakuten Boosts Junk Bond Sale to $2 Billion on Strong Demand

Rakuten Offers $1.25 Billion Junk Bond in Return to US Market

Rakuten Considers Combining Financial Units; Shares Jump

Rakuten Group aims to integrate bank, fintech units

15 Best eBay Alternatives to Try in 2024

Oil inches down as US inflation data, rising OPEC output weigh

Top 20 E-Commerce Companies in the World

Rakuten to Offer Satellite-to-Mobile Service in Japan From 2026

Rakuten Shares Jump by Up to 16% After Mobile Unit Cuts Losses

EXCLUSIVE: Rakuten Reinvigorates Its Partnership With NYFW: The Shows With More Access to Shoppers

Japan's Rakuten issues $1.8 billion of dollar-denominated 3-year senior notes

Rakuten boosts dollar bond issuance amount to $1.75 billion -source

Rakuten Advertising Announces AI-Driven Partnership Discovery Solution to Connect Advertisers with the Most Effective Publisher Partners

Gen Z Women Seeking Work-life Balance Lean Into the Quiet Shopping Trend

Rakuten Group prices Rakuten Bank shares at 2,470 yen in $412 million overseas sale

Japan's Rakuten to raise up to $433 million with further sale of bank unit

UPDATE 3-Japan's Rakuten to raise up to $433 mln with further sale of bank unit

Performance Overview