SFTBY - SoftBank Group Corp.

Other OTC - Other OTC Delayed Price. Currency in USD
23.43
+0.33 (+1.43%)
At close: 3:59PM EDT
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Previous Close23.10
Open23.48
Bid0.00 x 0
Ask0.00 x 0
Day's Range23.40 - 23.64
52 Week Range15.54 - 28.04
Volume354,143
Avg. Volume890,268
Market Cap96.242B
Beta (3Y Monthly)1.94
PE Ratio (TTM)3.28
EPS (TTM)7.15
Earnings DateN/A
Forward Dividend & Yield0.10 (0.44%)
Ex-Dividend Date2019-03-28
1y Target EstN/A
Trade prices are not sourced from all markets
  • WeWork looks to raise $4 billion in debt ahead of IPO
    Yahoo Finance Video12 days ago

    WeWork looks to raise $4 billion in debt ahead of IPO

    WeWork is making important moves to raise about $4 billion in debt ahead of its IPO. Yahoo Finance's Dan Roberts, Melody Hahm and Myles Udland discuss.

  • Benzinga6 hours ago

    Barron's Picks And Pans: FedEx, Netflix, Softbank, Target And More

    The cover story in this weekend's Barron's examines a cheap but controversial bet on the future of tech. Other featured articles offer gold mining, consumer spending and fintech stock picks. Also, the ...

  • Barrons.com19 hours ago

    The Biggest Investing Bet on Tech Is Cheap—and Controversial

    On a sum-of-the-parts basis, the shares are arguably priced as much as 50% below the Japanese company’s underlying asset value.

  • Financial Timesyesterday

    WeWork founder Neumann raised $700m through share sales and loans

    The size of Mr Neumann’s stake in the shared office space provider after the share sales could not be determined, but at the end of 2017 he held a majority of WeWork’s voting stock, according to a prospectus for the company’s 2018 bond sale. The share sales, first reported by The Wall Street Journal, could raise questions from potential investors in WeWork’s planned flotation, which was expected either late this year or early in 2020, according to people with knowledge of the matter.

  • Oyo founder to buy back $2 billion worth stake in SoftBank-backed Indian co
    Reutersyesterday

    Oyo founder to buy back $2 billion worth stake in SoftBank-backed Indian co

    Indian hospitality startup Oyo Founder Ritesh Agarwal raised his stake in the company with a $2 billion buyback, in a move that will bring his ownership closer to biggest investor SoftBank Corp . The fresh investment round will take Agarwal's stake to around 30% from 10%, a source familiar with the development said. Japan's SoftBank owns around 45% in the company.

  • Oyo founder to buy back $2 billion worth stake in SoftBank-backed Indian company
    Reutersyesterday

    Oyo founder to buy back $2 billion worth stake in SoftBank-backed Indian company

    Indian hospitality startup Oyo Founder Ritesh Agarwal raised his stake in the company with a $2 billion buyback, in a move that will bring his ownership closer to biggest investor SoftBank Corp. The fresh investment round will take Agarwal's stake to around 30% from 10%, a source familiar with the development said. Japan's SoftBank owns around 45% in the company.

  • Financial Timesyesterday

    Oyo founder triples stake with $2bn share buyback

    Ritesh Agarwal, founder of fast-growing SoftBank-backed Indian hotel chain Oyo is investing $2bn to triple his stake in the company while US backers Lightspeed and Sequoia partly cash out. The share buyback pushes Oyo, which says it is now the world’s third-largest hotel chain behind InterContinental Hotels Group, close to a $10bn valuation, a person close to the company said.

  • Financial Timesyesterday

    Pallinghurst Group backs Nemaska Lithium’s lithium mine in Quebec

    London investor Pallinghurst Group has pledged C$200m in financing to Nemaska Lithium, a Canadian miner backed by Japan’s SoftBank, that hopes to develop a lithium project in Quebec. Nemaska said Pallinghurst had provided a “letter of intent” to provide C$200m ($153m) and also back a rights issue of up to C$400m to build its lithium mine and processing plant. In February Nemaska shocked investors by saying it needed an extra C$375m to complete the Whabouchi project in Quebec.

  • Son Shines a Spotlight on His Vision Fund Proteges
    Bloomberg2 days ago

    Son Shines a Spotlight on His Vision Fund Proteges

    (Bloomberg) -- Masayoshi Son likes to sketch out a grand vision for the future of artificial intelligence to justify his seemingly scattershot approach to investing. On Thursday, he let his proteges and startups speak for themselves.SoftBank Group Corp.’s $100 billion Vision Fund has 82 companies in its portfolio who delve into areas from satellites and autonomous driving to chips and cancer detection. The founders of Southeast Asian ride-hailing giant Grab, indoor farming startup Plenty, Indian hotel chain OYO Rooms and payments service Paytm took the stage at an annual SoftBank conference to explain how AI helps them stay on top in their respective fields.Ritesh Agarwal, Oyo’s 25-year-old founder, said the company is using data to evaluate properties in under five days, a process that might take traditional hotels months. That allows the startup to add about 90,000 new rooms every 90 days, for a total of 1.1 million. Oyo also uses algorithms to predict what kind of interior design can boost demand -- pictures of Marilyn Monroe help, apparently -- and to adjust prices more than 43,000 times a minute.Grab’s Anthony Tan said the company captures 40 terabytes of data daily through its “superapp,” which has been downloaded 155 million times by customers who use it to call a ride, order lunch and pay for purchases. Crunching those numbers allows Grab to make sure a car can be hailed within three minutes and offer food recommendations. The data can also help reduce congestion in Southeast Asia’s crowded cities, reduce food wastage and improve access to credit.Each of Paytm’s 700 billion mobile payment transactions runs a gauntlet of more than 1,000 checks in a thousandth of a second, to root out fraud, founder Vijay Shekhar Sharma said at the event. The rules can be as simple as comparing the phone’s location to that of a merchant receiving payment, and declining those that don’t match. The data could also be used by sellers to determine in real time whether to extend a particular customer credit.Finally, Plenty says its high-tech approach to growing crops indoors results in plants that yield more without pesticides, use a fraction of water of their counterparts in the field and taste better, to boot. Founder Matt Barnard said the company used AI to developed 64 billion produce recipes that allow farmers to adapt production within days to take advantage of a sudden shortage of kale or iceberg lettuce.SoftBank’s Vision Fund poured $3 billion into Grab and took part in a $1 billion round for Oyo last year. In 2017, it led a $200 million investment in Plenty. Last year’s event included presentations from machine learning platform Pettum Inc., Chinese ride-hailing giant Didi Chuxing, ZhongAn Insurance and General Motors Co.’s self-driving unit, Cruise.“The crystal ball that tells the future doesn’t exist, but something close to that is being created now,” Son said at SoftBank World in Tokyo. “The AI revolution can make people happier. That’s the opportunity in front of us.”(Corrects the number of produce recipes in the sixth paragraph.)To contact the reporter on this story: Pavel Alpeyev in Tokyo at palpeyev@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times2 days ago

    Japan falling behind in artificial intelligence, warns SoftBank founder

    Masayoshi Son, the billionaire founder of SoftBank, has warned that Japanese businesses need to “wake up” and that the country, once famed for its innovation, is falling dangerously behind in applying artificial intelligence. “Until just recently, Japan was at the cutting edge of global technology,” Mr Son said at the group’s annual conference in Tokyo.

  • Financial Times2 days ago

    Inmarsat buyers make fresh commitments to Britain

    of UK satellite group Inmarsat has made a series of legally-binding commitments to secure British government support for the deal. The undertakings made to Jeremy Wright, culture secretary, which are unrelated to the CMA probe, are softer than those for other UK deals, where specific commitments were made to maintain headquarters or employees. Japan’s SoftBank, for example, was the first to employ legally binding commitments to seal its £24bn of Arm Holdings, according to one UK adviser.

  • Wirecard deal with AUTO1 first fruit of SoftBank alliance
    Reuters2 days ago

    Wirecard deal with AUTO1 first fruit of SoftBank alliance

    German payments company Wirecard AG said on Thursday it was teaming up with car-dealing platform AUTO1 Group to offer digital financial services to consumers, in its first alliance with a company backed by Japan's SoftBank Group. Wirecard struck an alliance in April with SoftBank, whose Vision Fund is behind ride-hailing companies such as Uber, Didi Chuxing, Grab and Ola. As part of the pact, SoftBank is also buying $1 billion in convertible bonds from Wirecard.

  • SoftBank's Masayoshi Son says Japan lacks investment opportunities, is AI 'developing country'
    Reuters2 days ago

    SoftBank's Masayoshi Son says Japan lacks investment opportunities, is AI 'developing country'

    SoftBank Group Corp founder and Chief Executive Masayoshi Son said on Thursday that there is a dearth of investment opportunities in Japan, which he said is lagging in the race to develop artificial intelligence (AI). "Until recently Japan was at the technological leading edge. In the most important current technology revolution – artificial intelligence – Japan has become a developing country," Son said at an annual SoftBank event for suppliers and customers.

  • SoftBank's Son says Japan lacks investment opportunities, is AI 'developing country'
    Reuters2 days ago

    SoftBank's Son says Japan lacks investment opportunities, is AI 'developing country'

    SoftBank Group Corp founder and Chief Executive Masayoshi Son said on Thursday that there is a dearth of investment opportunities in Japan, which he said is lagging in the race to develop artificial intelligence (AI). "Until recently Japan was at the technological leading edge. In the most important current technology revolution – artificial intelligence – Japan has become a developing country," Son said at an annual SoftBank event for suppliers and customers.

  • Reuters4 days ago

    Softbank's Arm Holdings eases upfront license costs

    Arm Holdings, the British chip technology firm whose designs underlie mobile phone chips, is changing its licensing model to pursue a bigger customer base as more devices become connected to the internet. Arm, owned by Japan's Softbank Group Corp, licenses its chip designs and technology to firms like Qualcomm Inc , Apple Inc and Samsung Electronics Co Ltd , which in turn use that technology in their respective chips for smartphones and other devices. In the past, Arm required customers to pick a specific design and pay an upfront licensing fee that could cost several million dollars before getting access to it, later charging a per-chip royalty after chips went into production.

  • SoftBank-backed Oyo buys shared office startup Innov8 for $30 million
    Reuters4 days ago

    SoftBank-backed Oyo buys shared office startup Innov8 for $30 million

    Indian hotel startup Oyo said on Tuesday it has bought local co-working venture Innov8, as the SoftBank-backed hospitality chain looks to venture into the commercial real estate business under the brand name Oyo Workspaces. Oyo will buy innovate for $30 million in an all-stock deal, a person with knowledge of the development said. Oyo's move comes as fellow SoftBank-backed shared office space manager WeWork, part of The We Company, is gearing up for an IPO.

  • Fintech in Latin America continues to draw big dollars as SoftBank invests $231 million in Creditas
    TechCrunch10 days ago

    Fintech in Latin America continues to draw big dollars as SoftBank invests $231 million in Creditas

    As investors continue to move more aggressively into Latin America's startupscene, there's one industry that seems to be drawing more attention than anyothers -- financial services

  • Reuters10 days ago

    CORRECTED-Japan's SoftBank makes bet to challenge Brazil's concentrated banking sector

    Japan's SoftBank Group Corp has led a $231 million new financing round for Brazilian lending platform Creditas, valuing it at $750 million and funding a future expansion to other Latin American countries, Sergio Furio, the founder of Creditas, said. "While there is huge demand for consumer lending in Brazil, the market is inefficient," Akshay Naheta, managing partner of SoftBank Investment Advisers, adviser to the Vision Fund, said in a statement. SoftBank's Vision Fund is one of the entities investing in Creditas.

  • Exclusive: Greensill issued false statement on bonds sold by metals tycoon Sanjeev Gupta
    Reuters13 days ago

    Exclusive: Greensill issued false statement on bonds sold by metals tycoon Sanjeev Gupta

    The May 2018 statement made to bond market investors and brokers said the Scottish government had approved a guarantee related to a hydro power plant in Kinlochleven owned by Gupta’s GFG Alliance, which the bonds were secured against. The meeting records for the committee that would need to approve such a guarantee, which are available on the committee’s website, do not refer to a 2018 GFG guarantee.

  • Exclusive: Greensill issued false statement on bonds sold by metals tycoon Gupta
    Reuters13 days ago

    Exclusive: Greensill issued false statement on bonds sold by metals tycoon Gupta

    The May 2018 statement made to bond market investors and brokers said the Scottish government had approved a guarantee related to a hydro power plant in Kinlochleven owned by Gupta’s GFG Alliance, which the bonds were secured against. The meeting records for the committee that would need to approve such a guarantee, which are available on the committee’s website, do not refer to a 2018 GFG guarantee.

  • Exclusive: U.S. clears SoftBank's $2.25 billion investment in GM-backed Cruise
    Reuters14 days ago

    Exclusive: U.S. clears SoftBank's $2.25 billion investment in GM-backed Cruise

    SoftBank has come under increasing U.S. scrutiny over its ties to Chinese firms in the face of an escalating trade and technology war between Washington and Beijing. It is in the process of raising its second $100 billion investment vehicle, dubbed Vision Fund, after deploying its first one of equal size.

  • Grannies in Running Shoes Are Delivering Ramen for Uber in Japan
    Bloomberg15 days ago

    Grannies in Running Shoes Are Delivering Ramen for Uber in Japan

    (Bloomberg) -- Uber Technologies Inc.’s strategy for Japan, where ride-sharing is banned, is as unique as the country itself — think grandma in running shoes delivering ramen noodles.Chief Executive Officer Dara Khosrowshahi was in the country this week to stress the importance of the market, where the San Francisco-based company has built a growing food-delivery business but kept rides limited to black-car hires and taxi dispatches. The archipelago is also home to Uber’s biggest shareholder, SoftBank Group Corp., and where he’s planning to boost staff in the coming year.“The elderly are actually signing up for Eats couriers,” Khosrowshahi told Bloomberg News. “Eats has been a huge success for us in Japan. It is going to be a very effective introduction to the Uber brand.”Building up Uber Eats could be the company’s best chance, for now, to capture revenue in the world’s third-largest economy. More than 10,000 restaurants and 15,000 couriers are part of a delivery network spanning 10 Japanese cities, according to the CEO. That puts the service within reach of about 15% of the population, compared with 70% in the U.S., leaving plenty of room to grow, he said.With an unemployment rate of 2.4%, near quarter-century lows, Japan’s labor market is tight. The population is aging; adult diapers outsell baby diapers. Seniors are tapping into food delivery to find jobs, in addition to getting hot meals delivered to their doors.While most workers deliver using a bicycle or scooter, seniors in search of exercise are doing it on foot, Khosrowshahi said. “This is one area unique to Japan, and we are looking if we can expand to the rest of the world,” the CEO said.To support its Eats business, as well as its nascent efforts to offer dispatch services for taxi companies, Uber is planning to increase full-time staffing in Japan by more than 30% over the next year from about 100 now, in areas such as account management, sales and local operations. Even at that pace, that’s still a tiny proportion of Uber’s global headcount of 22,000.Shares in small-cap food-delivery firms Yume No Machi Souzou Iinkai Co. and Ride on Express Holdings Co. slid more than 3% in Tokyo. “Uber Eats has a cutting-edge, cool image, so concerns could easily develop that young users might switch into Uber Eats,” said Iwai Cosmo Securities equities manager Toshikazu Horiuchi.Given Japan‘s strict regulations against ride-sharing, Uber has chosen to work with regulators. It rolled out a pilot program in 2016 to provide rides to seniors in the small coastal town of Tangocho, where an aging population was left with dwindling public transport services.Last year, Uber pivoted to partnerships with local taxi companies. It now has deals with eight cab companies in as many cities, including popular tourist destinations Kyoto, Osaka and Hiroshima. Sony Corp., startup Japan Taxi and China’s Didi Chuxing are among those that have rolled out competing taxi-hailing apps, seeking to make it easier for consumers to hail rides and get to their destinations. Uber Black, the car-hire service, is currently available only in Tokyo.“It will take time, but we like what we see in terms of the potential of the market,” Khosrowshahi said. “The innovations that we are going to make in taxi here are going to carry around the world.”The CEO also took time during his Tokyo visit to meet with SoftBank’s Masayoshi Son, who has built a stake of 13% in Uber, worth about $9.8 billion. The conversation focused on the ride-hailing giant’s blueprint for growth during the meeting.“If I’m in Japan, you can bet that I’m going to see Masa,” Khosrowshahi said. “Masa is really focused on where we are taking our business three years and beyond from now.”Son is in the process of raising money for a second $100 billion Vision Fund; one question is what assets he might seek to sell to finance SoftBank’s portion of another investment fund. Son raised $28 billion for the first fund, in part, by selling down his lucrative stake in Alibaba Group Holding Ltd.While Khosrowshahi declined to detail what he and Son discussed, the take-away is that SoftBank’s commitment to Uber is for the long term. Takeaki Nukii, a spokesman for SoftBank, couldn’t immediately comment on the subject.“Masa and I, we talk about growth,” Khosrowshahi said. “We don’t talk about exit.”(An earlier version of this story corrected the timing of the CEO’s visit.)(Updates with share action in the eighth paragraph.)To contact the reporters on this story: Pavel Alpeyev in Tokyo at palpeyev@bloomberg.net;Takahiko Hyuga in Tokyo at thyuga@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, ;Young-Sam Cho at ycho2@bloomberg.net, Reed StevensonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Ola gets a taxi license in London and plans to launch services in September
    TechCrunch16 days ago

    Ola gets a taxi license in London and plans to launch services in September

    London is one of the world's biggest markets for consumers that travel usingride-hailing services