|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||44.880 - 45.600|
|52 Week Range||34.820 - 47.480|
|PE Ratio (TTM)||11.07|
|Forward Dividend & Yield||0.20 (0.53%)|
|1y Target Est||N/A|
The 'Squawk Box' team discuss Tesla CEO Elon Musk's announcement that Silver Lake and Goldman Sachs will advise the company in take-private talks.
Aug.13 -- Gordon Johnson, analyst at Vertical Group, discusses Elon Musk's blog post explaining the 'funding secured" tweet and uncertainty about a Saudi fund's interest in taking the company private. He speaks with Bloomberg's Jonathan Ferro on "Bloomberg Markets: The Open."
Aug.10 -- Elon Musk tweeted on Tuesday about the prospect of taking Tesla Inc. private at $420 per share. Bloomberg's David Welch and University of Chicago Booth School Professor Steve Kaplan examine the events that followed Musk's tweet and the issues that may await the electric car maker. They speak on "Bloomberg Daybreak: Americas."
Aug.10 -- Marcelo Claure, SoftBank Group's chief operating officer and Sprint's executive chairman, speaks with Bloomberg's Ed Hammond on "Bloomberg Markets."
Aug.09 -- Marcelo Claure, SoftBank Group's chief operating officer and Sprint's executive chairman, discusses SoftBank's turnaround efforts and the possible combination of Sprint and T-Mobile. He speaks with Bloomberg's Ed Hammond on "Bloomberg Markets."
Japan’s SoftBank is looking to invest $500M-$750M in Zume pizza, according to Bloomberg. Yahoo Finance’s Alexis Christoforous, Dan Roberts, and Jared Blikre discuss.
Aug.08 -- Galileo Russell, HyperChange chief executive officer and a Tesla Inc. shareholder, comments on Elon Musk's plans to take Tesla private. He speaks on "Bloomberg Markets."
DoorDash Inc.’s aggressive expansion drive has seen its valuation nearly triple in less than six months. In a press release, the food delivery startup revealed that it raised $250 million in venture capital funding that valued it at $4 billion. This latest cash injection came just five months after DoorDash tapped the likes of SoftBank Group Corp., Sequoia Capital and Singapore’s GIC Pte Ltd. sovereign-wealth fund for $535 million in a Series D financing round that valued it at $1.4 billion.
The latest round, led by Coatue Management and DST Global, brings DoorDash’s total investment to almost $1bn. San Francisco-based DoorDash has struck partnerships with several large restaurant chains, including Chipotle, Wendy’s, IHOP and The Cheesecake Factory. It has also expanded a recent pilot with Walmart as it looks beyond restaurants for growth.
Japan's Nikkei rebounded from a five-week low on Tuesday, as export-driven firms benefited from a pause in the safe-haven yen's appreciation following the Turkish lira's partial recovery. A strong yen cuts Japanese manufacturers' profits made abroad when repatriated, and the respite on the currency front allowed recent losers such as electric machinery shares to rise on short-covering, while index-heavyweight stocks like SoftBank and Fast Retailing also surged.
As fears of automation in the job market grow, there are already signs advanced humanoid robots are doing people's jobs. Some say robots will free up time for humans to do more specialized work. Automation has already been blamed for taking jobs away from humans.
Speculation about who may or may not finance Tesla Inc. CEO Elon Musk’s audacious plan to take the carmaker private is distracting dealmakers from a normally quiet August spent in the Hamptons or Southern France. SoftBank Group Corp., the Japanese conglomerate that has been touted as a potential source of capital for a buyout of the carmaker, isn’t planning to participate in such a deal, according to people with knowledge of the matter. The company, which held talks with Musk in 2017 about a possible investment, isn’t interested in revisiting such a plan, said the people, who asked not to be identified as the details aren’t public.
Finn Liu works 60-hour weeks in the heart of Beijing’s Silicon Valley — fuelled, in no small measure, by the meals he has delivered to his desk. , China’s duo of tech titans that are worth a combined $900bn — in a big chunk of the Rmb8.73tn ($1.27tn) food retail and service market, according to iResearch. Like other battles, it is being fought with cash: hefty subsidies that allow diners to eat restaurant food for less than it would cost to cook.
Silicon Valley royalty received a visit from the real thing in April. Google co-founder Sergey Brin and venture capitalist Peter Thiel were among those to meet Crown Prince Mohammed bin Salman of Saudi Arabia during his US tour. Prince Mohammed has an ambitious agenda to transform his oil economy into an investing and technology powerhouse.
The government announced that it was conducting a thorough review of the proposed merger between Sprint and T-Mobile (NASDAQ:TMUS). Although investors remain optimistic about the merger, past failures to gain approval for mergers involving the companies weigh on both stocks. Given the uncertainty surrounding the merger and the financial challenges facing S stock, investors should avoid this equity.
Marcelo Claure, SoftBank Group's chief operating officer and Sprint's executive chairman, discusses SoftBank's and the 5G future. He speaks with Bloomberg's Ed Hammond on "Bloomberg Markets." ...
Marcelo Claure, SoftBank Group's chief operating officer and Sprint's executive chairman, speaks with Bloomberg's Ed Hammond on "Bloomberg Markets." (Source: Bloomberg)
WeWork Cos. on Thursday disclosed it raised another $1 billion in funding from SoftBank Group Corp., as the shared-office company continues its rapid growth by doubling revenue but piling up losses, according to newly released financial information on Thursday. As a private company, WeWork isn’t required to publicly disclose its financial numbers, but it released the figures to the media in tandem with a periodic update to bond investors. WeWork, one of the world’s most valuable startups with a valuation of about $20 billion, said the new funding from its investor SoftBank came in the form of a subordinated convertible note that is structured to give the Japanese company an edge in the next fundraising round.
As WeWork Co.’s co-working business grows, so have its expenses, which means it continues to need cash. Luckily, the startup has a willing partner: SoftBank Group Corp. The Japanese conglomerate will invest another $1 billion in WeWork in the form of a convertible note, WeWork said Thursday in a discussion of its first-half performance.
Marcelo Claure, SoftBank Group's chief operating officer and Sprint's executive chairman, discusses SoftBank's turnaround efforts and the possible combination of Sprint and T-Mobile. He speaks with Bloomberg's ...
shares extended declines Thursday as investors questioned the ability of Elon Musk to take the company private and reacted to reports of a potential probe into Tweets by the founder and CEO that claimed he had "funding secured" for the $72 billion purchase. The Wall Street Journal reported Wednesday that the Securities and Exchange Commission is looking into the veracity of Musk's Tweet, which was sent at 12:48 eastern time on Tuesday, Aug. 7, and why the CEO opted to inform investors of his plans via social media as opposed to a formal filing with regulators.
David Madden, analyst at CMC Markets, discusses reports that Elon Musk held talks with SoftBank Group Corp. in 2017 about investing in the electric carmaker and potentially taking it private. He speaks ...
, the latest capital injection into the provider of shared office space as its losses in the first half of 2018 ballooned. The US company said the investment would lift its existing cash pile and cash commitments to $4bn, money it plans to use for overseas expansion, build office space and acquire new properties and leaseholds, according to an investor presentation seen by the Financial Times. WeWork said its net loss in the first half of the year rose more than fourfold from 2017 to $723m.
Tesla Inc. (tsla) Chief Executive Elon Musk and Softbank Group Corp. (jp:9984) Chief Executive Masayoshi Son held talks last year, including about potentially taking the car maker private, according to a Bloomberg News report that cited two people with knowledge of the discussions. The two CEOs discussed an investment in Tesla and touched upon taking it private, but talks fell through "due to disagreements over ownership," the report said. Wall Street remained abuzz Wednesday about Tesla's going-private plan and the lack of details about funding. Only a few pockets were deemed deep enough to fund a buyout in the tens of billions of dollars, with Softbank among the few mentioned.