SoftBank Group ADROTCPK - Current
SoftBank Continues To Be Valued At An Unwarranted Discount
Fri, Dec. 2, 11:01 AM
- According to SoftBank Group (OTCPK:SFTBY) CEO Masayoshi Son, investment there in ten years will surpass a $10B commitment initially planned.
- The company has to date invested $2B in the country and has been looking to invest billions in South Korea and elsewhere of late.
- Previously (October 22, 2015): SoftBank planning "several billions" in annual global investment
Wed, Nov. 16, 10:11 AM
- Mentor Graphics (MENT -0.7%) to receive early access to ARM (OTCPK:SFTBY) Fast Models, Cycle Models and other associated technologies. System execution speed, accurate debugging, and increasingly streamlined hardware and software development targeted.
- The agreement represents an extension of an existing collaboration between the parties.
Mon, Nov. 7, 9:13 AM
Mon, Nov. 7, 4:45 AM
- HSBC +3.4% premarket as investors shrugged off an 86% drop in pretax profit following a big loss on the sale of its Brazilian business.
- Nissan Motor (OTCPK:NSANY) cut its first-half net income forecast as a strong yen offset rising sales, but maintained its full-year dividend plan.
- Softbank's (OTCPK:SFTBY) second quarter profit rose nearly 7%, boosted by a strong performance in its domestic telecoms division.
Tue, Nov. 1, 2:00 PM
- Abu Dhabi's Mubadala Development Co. is joining the ranks of investors talking with SoftBank (OTCPK:SFTBY -1.6%) about investing in the latter's massive new technology investment fund, Bloomberg reports.
- It would put in a multibillion-dollar sum and join sovereign investments from Qatar and Saudi Arabia in the $100B fund, and SoftBank is still in talks with investors in Europe and North America.
- With a $100B funding target, the fund (tentatively the SoftBank Vision Fund) would be nearly five times bigger than the biggest private equity fund: Blackstone Capital Partners V.
- Mubadala says only that “We are taking a serious look at a potential investment to the fund as we do with similar, strong investment opportunities."
Tue, Oct. 25, 3:02 PM
- October 13: SoftBank to put $25B into newly created technology investment fund
- Reporting from San Francisco, where Softbank Group (OTCPK:SFTBY) founder and CEO Masayoshi Son is scheduled to speak at an ARM Holdings event this week, the Financial Times sources insight into the type of deals SoftBank's looking to execute through the newly-created vehicle.
- "One or two" buys rivaling those of ARM ($32B) and Sprint ($22B) are noted, along with "several $2bn-$5bn company acquisitions and then a bunch of $1bn."
- Despite the initial fund having capacity to total up to $100B, Son considers that figure to be only the beginning.
- Although rumors and speculation of potential interest in Twitter have been circulating of late, it remains to be seen what initial moves the fund will make.
Fri, Oct. 21, 3:54 PM
Thu, Oct. 20, 1:18 PM
- Foxconn (OTC:FXCOF), while highly involved in many aspects of smartphone and other electronics manufacturing, has historically been relatively limited within the chip marketplace. It's now, though, reportedly looking to delve into design and production at a Shenzhen, China facility, where application-specific integrated circuit chips are highlighted to be of particular interest, to be created in collaboration with ARM Holdings (OTCPK:SFTBY).
- Apple comprises 50% of Foxconn's yearly revenue, so an extension into chip components could potentially present an opportunity to not only generate further sales from its largest customer, but allow for its scope of capability to be viewed as increasingly streamlined across the industry.
- See: Apple opening R&D center in Shenzhen, China
Wed, Oct. 19, 5:54 PM
- Qatar is considering putting itself into a $100B global tech fund being created by SoftBank (OTCPK:SFTBY -0.4%), Bloomberg reports.
- Qatar's sovereign wealth fund may pour billions into the fund as a way to diversify out of oil. Crude-heavy Saudi Arabia is already set to be the lead partner in SoftBank's fund, and could put in up to $45B over five years.
- SoftBank itself has committed at least $25B to the fund, which is tentatively called the SoftBank Vision Fund.
- A plunge in oil prices has led Gulf Arab countries to look at new sources of income. And SoftBank Chairman Masayoshi Son has reportedly visited various destinations in the Gulf region to discuss investments.
Thu, Oct. 13, 6:45 PM
- It's Friday morning in Tokyo, and SoftBank (OTCPK:SFTBY -1.2%) says in a statement that it's going to pour at least $25B into a new technology fund it hopes is one of the largest of its kind, in order to invest money from SoftBank and partners.
- The fund is tentatively called the SoftBank Vision Fund, and the company has entered into a memorandum of understanding likely to make Saudi Arabia's public investment fund the lead partner, with a potential investment size of up to $45B over five years. Overall, the fund could go up to $100B total.
- SoftBank's head of Strategic Finance, Rajeev Misra, will lead the fund project.
- "Over the next decade, the SoftBank Vision Fund will be the biggest investor in the technology sector," says Chairman/CEO Masayoshi Son. "We will further accelerate the Information Revolution by contributing to its development.”
Fri, Sep. 30, 9:14 AM
- Softbank Group (OTCPK:SFTBY) CEO Masayoshi Son considers investments in robots, artificial intelligence and IoT as significant areas of focus.
- Investment planned over the next ten years, long-term focus highlighted.
- Softbank invested $1B in South Korea's Coupang in June 2015, with the latest intentions continuing the company's heightened interest in the country.
Tue, Sep. 20, 9:47 AM
- The Cortex R-52 chip is designed for automotive, robotics, healthcare, farming, aviation, construction and other industry implementations.
- ARM VP of product marketing, John Ronco: "You would want this anywhere there was a danger of loss of life or limb due to machine-human interaction."
- Development of the processor has been underway for five years and has already been licensed in a deal with French-Italian semiconductor manufacturer STMicroelectronics (STM +1.5%).
- The Cortex R-52 new chips are suggested to compete with Intel's (INTC -0.1%) Yogitech technology and further mark ARM's most significant design introduction since it was bought out by SoftBank (OTCPK:SFTBY +1.5%) for $32B back in July.
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.
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.
Tue, Aug. 30, 11:54 AM
Wed, Aug. 17, 1:32 PM
- Detailing its report on new merger chatter around Sprint (S -1.5%) and T-Mobile (TMUS +0.5%), Bloomberg notes that Masayoshi Son -- the mogul at the head of SoftBank (OTCPK:SFTBY -2.3%) who abandoned a merger bid before -- will likely try the combination again if he thinks a new head of the FCC is amenable.
- That agency head holds key power, with the threat of putting such a proposed deal into an administrative hearing, which would postpone action indefinitely. A similar threat caused Comcast to drop its proposed takeover of Time Warner Cable. Son has indicated he would legally challenge any Justice Dept. opposition.
- Shares of Sprint and T-Mobile made positive moves of 3% and 2.5% respectively in the span of a few minutes before pulling back.
- Son could pursue the argument that Sprint will never be a legitimate fourth competitor in the market alone, but that may not fly, says Public Knowledge's Gene Kimmelman. “You would need to see a pretty significant reversal of fortunes across both companies -- Sprint and T-Mobile -- for the antitrust enforcers to change their views ... You’d have to see a clear demonstration of a company in jeopardy.”
- A Trump administration, though, could mean "a whole new ball game" with companies like Sprint rolling the dice, Kimmelman says.
- “The rule of thumb is that Democratic administrations will allow an industry to consolidate down to four players, and Republicans will let an industry go down to three,” says analyst Roger Entner. “Masa has to hope that the next president’s name is Donald."
- Talks between the two companies are forbidden as of now, with the FCC's broadcast incentive spectrum auction going on (and looking more likely to run into 2017).