Company in the news
SoftBank, Naver to take Line private through squeeze out
SoftBank Corp. and Naver Corp. said they would seek to compel Line Corp.’s remaining public shareholders to sell out so the two companies can take the messaging service private.
Markets
Stocks stabilise following tech retreat as greenback strengthens
Global stocks mostly stabilized Monday though investors remained on edge after the biggest two-day slide for shares since June. The dollar edged higher and crude oil extended its recent slide.
M&A
Singapore fund manager thinks JPY5380 Line tender is "very low"
A Singapore-based money manager came out against SoftBank Group Corp.
TELECOMMUNICATIONS
SoftBank mobile arm shares slide on news of group sale
SoftBank Corp. shares were down as much 3.4% to 1,383 yen ($17.81) on Monday after parent SoftBank Group Corp. announced plans to sell about a third of its holding.
Tech
SoftBank remakes itself with a US$41 bil bazooka
(Mar 27): If you are searching for a high profile global corporate icon of the Covid-19 crisis, look no further than Japan’s SoftBank Group, the world’s largest tech investor, which has seen its sh
Company in the news
Masayoshi Son's travel to Jakarta sets tongues wagging on potential Grab and Gojek tie-up
SINGAPORE (March 9): Grab and Gojek could be heading towards some sort of alliance or even a merger, as their backers face pressure to justify the valuations of loss-making tech companies.
Disruption and Digitalisation
SoftBank to invest US$2 bil through Grab to grow Indonesia's digital infrastructure
(July 29): SoftBank will invest the US$2 billion ($2.7 billion) over five years through Grab to help accelerate the development of Indonesia’s digital infrastructure.
IPO
Japan's SoftBank prices IPO, to raise $32.2 bil with overallotment
(Dec 10): SoftBank Corp priced its initial public offering (IPO) at 1,500 yen per share and will sell an extra 160 million shares to meet strong demand, a regulatory filing showed, raising 2.65 tri
