SoftBank Continues To Be Valued At An Unwarranted Discount
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).
Wed, Aug. 17, 12:44 PM
- Sprint (NYSE:S), down nearly 3% on the day, made a midday spike back to the flat line on yet another resurgence of merger rumors -- though, just like that, the spike is gone and Sprint is off 1.8% again.
- Bloomberg is saying that Masayoshi Son of Sprint owner SoftBank (OTCPK:SFTBY) is still "holding out hope" to combine Sprint with T-Mobile (TMUS -0.2%) -- which also spiked into positive ground before an immediate pullback.
- Conventional wisdom has it that the previous outbreaks of Sprint/T-Mobile rumors were put to rest with no possibility of a combination at least until a new U.S. presidential administration.
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).
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.
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
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.
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.
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.
Tue, Jun. 21, 7:38 AM
- Under pressure from investors Softbank's (OTCPK:SFTBY) Nikesh Arora - President and heir apparent to CEO Masayoshi Son - is exiting his post.
- Mr. Son says he will continue as CEO longer than planned.
- Since joining Softbank two years ago, Arora has spent close to $4B looking for the next big thing. At this point it's unknown if any of this will pay off, but investors were getting antsy.
- Earlier today: WSJ: Tencent agrees to acquire Supercell
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.
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, 8:53 AM| Wed, Jun. 15, 8:53 AM