PavelAlpeyev
Stories by PavelAlpeyev
Japan’s SoftBank drops 10% after OneWeb files for bankruptcy protection
It is the latest blow to Masayoshi Son, who unveiled a plan to raise $41 billion to buy back shares and slash debt.
Masayoshi Son has now pledged 40% of his stake in SoftBank to lenders
Son has now committed 227 million SoftBank shares as collateral, worth about $8 billion, according to regulatory filings.
SoftBank’s investments in sharing economy backfire with Coronavirus
Investors are spooked about the stability of Son’s empire and its $100 billion Vision Fund amid the pandemic.
SoftBank takes on Moody’s for ‘biased’ ratings downgrade
The Moody’s downgrade to Ba3 from Ba1 pushes the company deeper into junk territory.
SoftBank surges after unveiling $41b plan to reduce debt
The firm also announced a new share buyback program of as much as 2 trillion yen.
SoftBank plunges 17% in steepest drop since IPO in 1994
Shares have tumbled about 50% in just the past month, erasing about $50 billion in market value.
SoftBank’s huge debt pile turns investors skittish about stability of Son’s empire
The company is more vulnerable because of missteps at the Vision Fund that became the new centerpiece of his empire.
Japan’s SoftBank Group falls most since 2012 after S&P cuts outlook
The development comes in after Softbank said it plans to spend up to $4.7 billion to buy back shares.
Japan’s SoftBank Group plans to buy back 7% of its shares for up to $4.8b
The buyback will begin on Monday and will take place over a year.
Six questions US investors should ask SoftBank’s Masayoshi Son
Son will be in New York on Monday to pitch hedge funds and financial institutions on the merits of SoftBank Group.
