SoftBank to raise $41 billion to expand share buyback, cut debt [MSNBC.com]
SOFTBANK GRP UNSP/ADR (SFTBY)
NASDAQ:AMEX Investor Relations:
softbank.jp/en/corp/irinfo/presentations
Company Research
Source: MSNBC.com
. Chairman and Chief Executive Officer Masayoshi Son speaks during a press conference on November 6, 2019 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images The buyback tops the $20 billion in purchases sought by activist hedge fund Elliott Management, which has put pressure on SoftBank to improve shareholder returns, and will see the company retire 45% of its shares. The asset sales come during a growing financial squeeze on SoftBank and its $100 billion Vision Fund, which has recorded two consecutive quarters of losses as its tech bets fall short, with global economic growth sputtering due to the coronavirus pandemic. SoftBank did not specify what would be sold. SoftBank's share price has been hammered by investor skepticism over the outlook for CEO Masayoshi Son's bets on startups like WeWork and Uber Its plans to fund the initial 500 billion yen buyback with debt was received negatively by analysts and investors who were concerned by Son's willingness to leverage the company. Beyon
Show less
Read more
Impact Snapshot
Event Time:
SFTBY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SFTBY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SFTBY alerts
High impacting SOFTBANK GRP UNSP/ADR news events
Weekly update
A roundup of the hottest topics
SFTBY
News
- South Korea's Biggest Internet Firm Considers Future in Japanese Messaging App [Yahoo! Finance Canada]Yahoo! Finance Canada
- South Korea's Biggest Internet Firm Considers Future in Japanese Messaging App [BNN Bloomberg (Canada)]BNN Bloomberg
- Chinese-backed African fintech startup OPay nears $3 billion valuation [Yahoo! Finance]Yahoo! Finance
- Zimperium Proudly Becomes a Benefactor of MITRE ATT&CK [Yahoo! Finance]Yahoo! Finance
- ADA Unveils AI CoPilots to Revolutionise Marketing and Commerce for Global Enterprises [Yahoo! Finance]Yahoo! Finance