SoftBank Group(SFTBF)- OTCPK - Current
  • Mon, Sep. 19, 11:31 PM
    • With India's Prime Minister Narendra Modi pursuing ambitious renewable-energy goals, SoftBank (OTCPK:SFTBY) is considering expanding its efforts there into a panel manufacturing joint venture.
    • That would be a new effort beyond the company's existing joint venture, formed with Bharti and Foxconn, to pursue generation of 20 gigawatts of power.
    • “SoftBank’s strategy for India includes solar panel manufacturing,” Manoj Kohli, executive chairman of SB Energy, tells Bloomberg.
    • Modi wants 100 gigawatts of solar capacity by 2022 (second in ambition only to China), but that will require a significant ramp-up of manufacturing, with only an estimated 40% of building capacity currently operational.
    • SoftBank's current JV is focused on finishing a $400M, 350-megawatt project in south India's Andhra Pradesh.
    | Mon, Sep. 19, 11:31 PM | 2 Comments
  • Thu, Sep. 1, 6:23 AM
    • SoftBank (OTCPK:SFTBY) has announced an alliance with Pokemon Go developer Niantic that will designate about 3,700 of the mobile carrier's stores in Japan as PokeStops and Gyms.
    • The deal is similar to the one McDonald’s Japan forged during the game's July debut, fueling a 24% jump in the fast-food chain's shares.
    • Nintendo (OTCPK:NTDOY), which created the game with Niantic and Pokemon Co., jumped 3.3% on the news.
    | Thu, Sep. 1, 6:23 AM | 3 Comments
  • Wed, Jul. 27, 2:15 AM
    • Deutsche Bank's (NYSE:DB) net income fell nearly 100% in Q2, prompting the lender to promise a more aggressive overhaul.
    • Santander's (NYSE:SAN) profits fell on forex swings and a restructuring charge related to branch closures and employee layoffs.
    • Pointing to continued pressure on refining margins and prices, Statoil (NYSE:STO) missed expectations on both the top and bottom line.
    • Airbus (OTCPK:EADSY) took over €1.4B in fresh charges for its troubled A400M and A350 programs, but reaffirmed targets as it posted lower quarterly earnings.
    • Telecom Italia (NYSE:TI) raised its full year domestic profit outlook after beating expectations and agreed to invest $1.2B with Fastweb across 29 Italian cities.
    • ARM Holdings (NASDAQ:ARMH) posted a profit and sales rise, but was unable to provide full year guidance given restrictions related to its takeover by Softbank (OTCPK:SFTBY).
    | Wed, Jul. 27, 2:15 AM
  • Tue, Jul. 19, 3:15 AM
    • SoftBank (OTCPK:SFTBY) fell 10% as investors reacted to the company's announcement to acquire ARM Holdings for $32B.
    • Shares of messaging app Line (Pending:LN) also dropped 10% following a successful dual listing last week in New York and Tokyo.
    • Nintendo (OTCPK:NTDOY) continued to climb on "Pokemon GO" fever, trading up 14%. Its market cap, now over $42B, has just topped Sony.
    | Tue, Jul. 19, 3:15 AM | 17 Comments
  • Mon, Jul. 18, 2:09 AM
    • SoftBank (OTCPK:SFTBY) has acquired chip designer ARM Holdings (NASDAQ:ARMH) for £24.3B ($32B), as the Japanese telecoms giant bolsters its presence in the growing Internet of Things sector.
    • The deal will see SoftBank pay £17 in cash for each share in ARM, a 43% premium to its closing price last week, marking the largest ever purchase of a European technology company.
    • ARMH +43.6% premarket
    | Mon, Jul. 18, 2:09 AM | 36 Comments
  • Tue, Jul. 5, 8:27 AM
    • Tencent (OTCPK:TCEHY) is in talks with potential investors including the Canada Pension Plan Investment Board, China Investment and Hillhouse Capital to participate in its $8.6B acquisition of Supercell from SoftBank (OTCPK:SFTBY).
    • According to a document viewed by the WSJ, potential participants in the consortium expect that an investment in Supercell could bring an average annual return of 36% in the next four years.
    | Tue, Jul. 5, 8:27 AM | 1 Comment
  • Thu, Jun. 30, 5:21 AM
    • U.S. regulators are examining SoftBank (OTCPK:SFTBY) over possible conflicts of interest or questionable behavior involving former president Nikesh Arora, who stepped down last week.
    • SoftBank and Arora have described the departure as an amicable one, saying Masayoshi Son, chairman and chief executive of the company, recently decided he wanted to stay longer instead of handing over power next year.
    | Thu, Jun. 30, 5:21 AM | 3 Comments
  • Wed, Jun. 22, 3:19 AM
    • Replacing Nikesh Arora, SoftBank (OTCPK:SFTBY) has picked Ken Miyauchi, head of the group's telecoms operations, to become company president and chief operating officer.
    • Arora, the former Google executive handpicked by Masayoshi Son as his successor, abruptly quit the company on Tuesday after it became clear that Son wanted to remain at the helm longer than planned.
    | Wed, Jun. 22, 3:19 AM | 2 Comments
  • Tue, Jun. 21, 3:50 AM
    • Tencent (OTCPK:TCEHY) has reached an agreement to buy Supercell Oy, the maker of the popular "Clash of Clans," in a deal that could turn the Chinese internet major into a global video game powerhouse.
    • According to WSJ sources, details of the deal will be announced later today. It was previously reported that Tencent had been in talks with SoftBank (OTCPK:SFTBY) to buy the company's majority stake in Supercell at a $9B valuation.
    • Update: Tencent and its partners will pay $8.6B to buy Softbank's (OTCPK:SFTBY) 84.3% stake in Supercell Oy.
    | Tue, Jun. 21, 3:50 AM | 2 Comments
  • Wed, Jun. 15, 1:03 PM
    • Chinese messaging/gaming leader Tencent (OTCPK:TCEHY) is close to a deal to buy SoftBank's (OTCPK:SFTBF) controlling stake in Finnish mobile game developer Supercell at a ~$9B valuation, sources tell the WSJ.
    • The paper, which first reported of Tencent's interest in Supercell last month, adds Tencent is talking with "several financial investors" to join the deal as co-investors. SoftBank had a 73% stake in Supercell as of last year. Supercell, responsible for Clash of Clans and other hits, was reportedly valued at $5.25B in 2015.
    • The report comes as Tencent cautions its rapid ad sales growth (+73% Y/Y in Q1) is about to slow down.
    | Wed, Jun. 15, 1:03 PM | 8 Comments
  • Wed, Jun. 15, 8:53 AM
    • SoftBank (OTCPK:SFTBY) expects to book profit of ¥200-250B ($1.9-$2.4B) this financial year from the sale of shares in Alibaba.
    • The sale would be a first for SoftBank since the Japanese firm's initial Alibaba investment in 2000.
    • The two companies will maintain their strategic partnership.
    | Wed, Jun. 15, 8:53 AM
  • Sun, Jun. 5, 9:02 AM
    • SoftBank (OTCPK:SFTBY) continues to offload its tech holdings, with a deal to sell its stake in GungHo Online Entertainment (OTC:GUNGF).
    • The move, worth about ¥73B ($685M), will see GungHo buy back the stake through a tender offer for ¥294 per share.
    • Last week, Softbank increased the total amount of its Alibaba stake sale to $10B.
    | Sun, Jun. 5, 9:02 AM | 8 Comments
  • Wed, May 25, 3:24 AM
    • MasterCard (NYSE:MA) has inked a deal with Pizza Hut (NYSE:YUM) to bring Softbank's (OTCPK:SFTBY) robot companion, Pepper, to restaurants across Asia by the end of 2016.
    • The move is intended to push the MasterPass digital wallet, which Pizza Hut patrons can use by either tapping the Pepper icon within the app or by scanning a QR code on Pepper's display.
    • Besides taking payments, the robot will be able to chat with customers, take orders and make recommendations.
    | Wed, May 25, 3:24 AM | 11 Comments
  • Mon, May 23, 11:10 AM
    • Tencent (OTCPK:TCEHY +0.5%) is in early-stage talks to take over SoftBank's (OTCPK:SFTBY +1.9%) majority position in Finnish mobile-game maker Supercell, The Wall Street Journal reports.
    • Supercell makes popular combat simulator Clash of Clans, and SoftBank took majority control with a $1.53B investment in 2013, before growing its stake last year to 73%.
    • Also last year, Alibaba (of which SoftBank is the biggest shareholder) teamed up with China's Giant Interactive Group to talk about taking control of Supercell, though price has hung up those discussions. And Supercell is said to prefer having autonomy under SoftBank's umbrella.
    • Sources say that Supercell was valued about $5.25B last year. Its most recent game, Clash Royale, was the top-grossing mobile game for March with more than $80M.
    • Now read Tencent: Like Buying Facebook At A Bargain »
    | Mon, May 23, 11:10 AM | 1 Comment
  • Wed, May 4, 11:45 AM
    • SoftBank (OTCPK:SFTBY -1.4%) still looks like a bidder in the FCC's broadcast incentive spectrum auction.
    • But the company "won't be a big buyer," a source tells CTFN.
    • The participation of SoftBank in the auction has been an open question, with spectrum-rich Sprint (S -4.6%) electing to sit out what could be an expensive endeavor. So if it's taking part, it's likely looking for opportunistic purchases and "niche fill-ins."
    • SoftBank has been using creative financing to help Sprint with liquidity issues, and so a chance to bid on bargain spectrum could present itself with an obscurely named entity or smaller partner.
    • Now read Implications Of SoftBank Split »
    | Wed, May 4, 11:45 AM | 45 Comments
  • Thu, Apr. 14, 5:39 AM
    • Verizon (NYSE:VZ) is considered the front-runner in the bid to buy Yahoo (NASDAQ:YHOO), and appears to have backing from key investors who like the idea of a simple cash deal.
    • AOL CEO Tim Armstrong is said to be offering Yahoo CEO Marissa Mayer a graceful exit and is willing to deal with the messy business of Yahoo mass firings. However, he may lack support to offer enough money to seal the deal.
    • Verizon wants Yahoo's core business. Armstrong also wants Yahoo's 35.5% stake in Yahoo Japan.
    • Meanwhile, SoftBank president Nikesh Arora would seek to acquire the whole of Yahoo. He is currently hanging back to gauge what Verizon’s offer is before he makes a move, sources say.
    • While there will be other bidders, the only real competition is between Verizon and SoftBank.
    • Yahoo has set an April 18 deadline for preliminary bids.
    • Now read How My Arbitrage Play Returned More Than 35% In Less Than Two Months (And What's Next)
    | Thu, Apr. 14, 5:39 AM | 34 Comments