SFTBY - SoftBank Group Corp.

Other OTC - Other OTC Delayed Price. Currency in USD
37.60
+0.23 (+0.62%)
At close: 3:59PM EDT
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Previous Close37.37
Open0.00
Bid0.00 x 0
Ask0.00 x 0
Day's Range0.00 - 0.00
52 Week Range
Volume0
Avg. Volume348,529
Market Cap82.18B
Beta0.98
PE Ratio (TTM)5.70
EPS (TTM)6.60
Earnings DateN/A
Forward Dividend & Yield0.19 (0.52%)
Ex-Dividend Date2017-09-28
1y Target EstN/A
Trade prices are not sourced from all markets
  • Financial Times3 hours ago

    [$$] Negotiations advance on Sprint, T-Mobile merger

    on a potential merger have advanced significantly, according to people with knowledge of the discussions, with both camps hoping to finalise talks as early as next week. The latest talks have centred on how SoftBank, which is under pressure to revive Sprint, and Deutsche Telekom will wield their voting control over a combined group that would have a market capitalisation of more than $80bn, according to two people with knowledge of the discussions.

  • Financial Times8 hours ago

    [$$] SoftBank jumps on report of progress in US telecoms merger

    Shares in SoftBank jumped on Friday after a media report said the Japanese conglomerate’s talks with a US rival over a potential merger were progressing. The company’s stock rose as much as 5.1 per cent ...

  • Reuters11 hours ago

    Exclusive - T-Mobile, Sprint make progress in talks, aim for deal next week: sources

    The combined company would have more than 127 million customers and could create more formidable competition for the No.1 and No.2 wireless players, Verizon Communications Inc (VZ.N) and AT&T Inc (T.N), amid a race to expand offerings in 5G, the next generation of wireless technology. T-Mobile majority-owner Deutsche Telekom (DTEGn.DE) and Japan's SoftBank Group Corp (9984.T), which controls Sprint, are considering an agreement that would dictate how they exercise voting control over the combined company, two of the sources said.

  • Exclusive: T-Mobile, Sprint make progress in talks, aim for deal next week - sources
    Reuters11 hours ago

    Exclusive: T-Mobile, Sprint make progress in talks, aim for deal next week - sources

    The combined company would have more than 127 million customers and could create more formidable competition for the No.1 and No.2 wireless players, Verizon Communications Inc (VZ.N) and AT&T Inc (T.N), amid a race to expand offerings in 5G, the next generation of wireless technology. T-Mobile majority-owner Deutsche Telekom (DTEGn.DE) and Japan's SoftBank Group Corp (9984.T), which controls Sprint, are considering an agreement that would dictate how they exercise voting control over the combined company, two of the sources said.

  • CNBC12 hours ago

    T-Mobile and Sprint are aiming to secure a deal as early as next week: Reuters, citing sources

    U.S. wireless carriers T-Mobile US Inc TMUS.O and Sprint Corp S.N have made progress in negotiating merger terms and are aiming to successfully complete deal talks as early as next week, people familiar with the matter said on Thursday. T-Mobile majority-owner Deutsche Telekom DTEGn.DE and Japan's SoftBank Group Corp 9984.T, which controls Sprint, are considering an agreement that would dictate how they exercise voting control over the combined company, one of the sources said. This could allow Deutsche Telekom to consolidate the combined company on its books, even if it does not have a majority stake in the combined company, one of the sources added.

  • The Wall Street Journal23 hours ago

    [$$] SoftBank in Talks to Buy IPO Shares of Chinese Electric-Car Maker NIO

    Japan’s SoftBank Group Corp. is in talks to purchase a large chunk of shares in the upcoming initial public offering of Chinese electric-vehicle maker NIO, according to people familiar with the matter, ...

  • SoftBank poaches Japan Post Bank's investment chief for its board
    Reutersyesterday

    SoftBank poaches Japan Post Bank's investment chief for its board

    SoftBank Group said Katsunori Sago, currently Japan Post Bank Co's chief investment officer, would join its board - an appointment that comes as it transforms itself into one of the world's largest technology investors. SoftBank CEO Masayoshi Son has made a rapid-fire string of investment deals, much of it through the Vision Fund, the world's largest private equity fund. "Sago's rich experience as a manager can help enhance our corporate value," a SoftBank spokeswoman said.

  • Moody's2 days ago

    WeWork Companies., Inc. -- Moody's rates WeWork CFR at B3, notes at Caa1; outlook is stable

    "WeWork has billions in cash and deep-pocketed private equity backing, but spending on its ambitious global growth plans mean it will likely be years before there are consolidated profits or free cash flow," said Edmond DeForest, Moody's senior credit officer. The B3 CFR reflects WeWork's limited operating history, lack of historical profits and Moody's expectation for no free cash flow over the next few years.

  • Financial Times2 days ago

    [$$] Get in line, SoftBank

    It is not out of the ordinary for a private company to access the debt markets. Particularly one, like WeWork, with a $20bn market valuation, a figure which was recently endowed on them by $4.4bn of investments from SoftBank and its titanic $93bn Vision Fund. WeWork's gross margin, which we have calculated by subtracting community operating expenses (the cost to run a WeWork office space) from total revenue, is a diminutive 8 per cent. But it is still an improvement from 2016's 0.7-per-cent margins.

  • Reuters2 days ago

    SoftBank to move ride-hailing stakes worth $20 billion to Vision Fund: Financial Times

    SoftBank was not immediately available for comment. SoftBank's stakes in Uber, China's Didi, Brazil's 99, India's Ola and Singapore's Grab could be transferred into the fund within months, the newspaper reported. The Vision Fund, the world's largest private equity fund, is run by SoftBank board member Rajeev Misra and has become a powerful investor within the technology sector since its close to $93 billion establishment last year.

  • Reuters2 days ago

    SoftBank to move ride-hailing stakes worth $20 billion to Vision Fund: FT

    SoftBank was not immediately available for comment. SoftBank's stakes in Uber, China's Didi, Brazil's 99, India's Ola and Singapore's Grab could be transferred into the fund within months, the newspaper reported. The Vision Fund, the world's largest private equity fund, is run by SoftBank board member Rajeev Misra and has become a powerful investor within the technology sector since its close to $93 billion establishment last year.

  • Reuters2 days ago

    SoftBank to move ride-hailing stakes worth $20 bln to Vision Fund - FT

    Japan's SoftBank Group plans to shift more than $20 billion of its investments in top ride-hailing companies including Uber Technologies Inc , Ola, Grab and Didi Chuxing into its Saudi-backed Vision technology fund, the Financial Times reported on Wednesday. SoftBank was not immediately available for comment. SoftBank's stakes in Uber, China's Didi, Brazil's 99, India's Ola and Singapore's Grab could be transferred into the fund within months, the newspaper reported.

  • Financial Times2 days ago

    [$$] SoftBank to switch $20bn ride-hailing stakes to Vision Fund

    Japan’s SoftBank is planning to swap more than $20bn of investments in some of the world’s largest ride-hailing groups, including Uber, Ola, Grab and Didi Chuxing, into its huge Saudi-backed Vision technology fund. The Vision Fund, which is run by SoftBank board member Rajeev Misra, has become one of the technology sector’s most powerful investors since it was established last year with $91.7bn in committed capital.

  • Softbank has spread its ride-hailing bets and Didi looks like an early win
    Quartz2 days ago

    Softbank has spread its ride-hailing bets and Didi looks like an early win

    Chinese ride-hailing giant Didi Chuxing could pursue an initial public offering as soon as this year, the Wall Street Journal reported today (April 24): The Beijing-based company has in recent weeks been in talks with bankers about the feasibility of tapping the public markets for cash in the second half of 2018, as it looks…

  • Investopedia3 days ago

    Apple-Backed Didi Chuxing in Talks to Launch IPO: Report

    Didi, one of the world’s largest ride-hailing companies, needs cash to cope with growing competition.

  • Softbank, Google join $1.9 billion investment in China truck-hailing firm
    Reuters3 days ago

    Softbank, Google join $1.9 billion investment in China truck-hailing firm

    BEIJING/SHANGHAI (Reuters) - Japan's Softbank Group and Alphabet Inc's venture capital fund CapitalG are among investors pouring $1.9 billion into a truck hailing service platform Manbang, the Chinese company said in a statement on Tuesday. Manbang, formally known as Full Truck Alliance Group, said the investment was led by SoftBank's Vision Fund - which counts Apple Inc, Foxconn and Saudi Arabia's sovereign wealth fund among its backers. Investors also include state-backed private equity firm China Reform Fund and Hong Kong-based investment firm Ward Ferry, said Manbang.

  • Softbank, Google join $1.9 billion investment in China truck-hailing firm
    Reuters3 days ago

    Softbank, Google join $1.9 billion investment in China truck-hailing firm

    BEIJING/SHANGHAI (Reuters) - Japan's Softbank Group and Alphabet Inc's venture capital fund CapitalG are among investors pouring $1.9 billion into a truck hailing service platform Manbang, the Chinese company said in a statement on Tuesday. Manbang, formally known as Full Truck Alliance Group, said the investment was led by SoftBank's Vision Fund - which counts Apple Inc, Foxconn and Saudi Arabia's sovereign wealth fund among its backers. Investors also include state-backed private equity firm China Reform Fund and Hong Kong-based investment firm Ward Ferry, said Manbang.

  • The Wall Street Journal3 days ago

    [$$] SoftBank and Google Funds to Invest in Chinese Truck-Hailing Firm Manbang

    Japan’s SoftBank Group Corp. and Alphabet Inc.’s late-stage venture investment fund are among investors plowing close to $2 billion into a Chinese truck-hailing company, according to people familiar with the investments. Manbang Group, which runs a mobile app platform that matches truck drivers with shippers looking to transport cargo, is raising more money than it originally set out to fetch, according to these people. The Wall Street Journal previously reported the company was planning to raise between $500 million and $1 billion.

  • Bloomberg3 days ago

    China’s Uber for Trucks Is Said to Raise $1.9 Billion in Funding

    Full Truck Alliance Group, China’s biggest app for Uber-like truck services, raised $1.9 billion in funding to fuel its expansion, people familiar with the matter said.

  • SoftBank Puts the Flip in Flipkart
    Bloomberg4 days ago

    SoftBank Puts the Flip in Flipkart

    Masayoshi Son's Vision Fund seems to lack just that.

  • Reuters7 days ago

    Walmart could buy controlling stake in Flipkart as early as next week - sources

    Walmart Inc could seal a deal to buy a more than 51 percent stake in Indian online marketplace Flipkart as early as next week, two sources familiar with the matter said on Friday. The U.S. retail giant has been in talks with Flipkart for months to acquire a controlling stake in the firm as it looks to take on rival Amazon.com Inc head-on in India, a market where e-commerce is tipped to grow to $200 billion in a decade. SoftBank Group, which owns about a fifth of Flipkart through its Vision Fund, was unwilling to sell a part of its stake as Walmart was offering to buy existing shares at a valuation of $12 billion, a price the Japanese tech investor considered low, Reuters had previously reported.

  • Walmart could buy controlling stake in Flipkart as early as next week: sources
    Reuters7 days ago

    Walmart could buy controlling stake in Flipkart as early as next week: sources

    Walmart Inc (WMT.N) could seal a deal to buy a more than 51 percent stake in Indian online marketplace Flipkart as early as next week, two sources familiar with the matter said on Friday. The U.S. retail giant has been in talks with Flipkart for months to acquire a controlling stake in the firm as it looks to take on rival Amazon.com Inc (AMZN.O) head-on in India, a market where e-commerce is tipped to grow to $200 billion in a decade. SoftBank Group, which owns about a fifth of Flipkart through its Vision Fund, was unwilling to sell a part of its stake as Walmart was offering to buy existing shares at a valuation of $12 billion, a price the Japanese tech investor considered low, Reuters had previously reported.

  • Benzinga8 days ago

    For Sprint, M&A Talks With T-Mobile Outweigh 'Rocky Fundamentals,' Macquarie Says In Upgrade

    The on-again, off-again merger talks between Sprint Corp (NYSE: S ) and T-Mobile Us Inc (NASDAQ: TMUS ) are back on again, according to The Wall Street Journal — which prompted Macquarie Capital to drop ...

  • The Wall Street Journal8 days ago

    [$$] Satellite Project Draws Airbus, SoftBank, Bill Gates as Investors

    Airbus and two of the world’s most recognizable tech billionaires, Microsoft founder Bill Gates and SoftBank CEO Masayoshi Son, propose to build and launch some 500 small satellites to provide unmatched ...

  • The Wall Street Journal8 days ago

    [$$] SoftBank Fixes Four Years of Tax Filings After Failing to Report Some Earnings

    TOKYO—SoftBank Group Corp., the operator of the world’s largest technology fund, said it corrected four years of tax filings after Japanese authorities uncovered ¥93.9 billion (about $875 million) worth of unreported earnings at offshore subsidiaries. The Tokyo Regional Taxation Bureau said SoftBank failed to report earnings at three subsidiaries, located in Bermuda and Singapore, of its U.S. telecom units Sprint Corp. and Brightstar Corp. for four years through March 2016.