Streetbeat News

SFBQF

SoftBank Corp.

https://www.softbank.jp/

CEO

Ken Miyauchi

Industry

Wireless Telecommunications Carriers (except Satellite)

Open

1.45

Mkt cap

69B

Volume

100

High

1.45

P/E Ratio

20.71

52-wk high

14.00

Low

1.45

Div yield

0.04

52-wk low

1.13

Japanese telecom giants NTT, KDDI, and SoftBank are venturing into space to build high-speed wireless networks. NTT plans to launch an airborne base station by 2026, while KDDI aims to establish a telecom network between Earth and the moon by 2028. SoftBank is also working on HAPS development and satellite-based telecom services.

Portfolio Pulse from Benzinga Neuro

July 08, 2024 | 6:26 am

SK Telecom, Deutsche Telekom, e& Group, Singtel, and SoftBank plan to create a Joint Venture to develop Large Language Models (LLMs) for telcos, aiming to enhance customer interactions through digital assistants and chatbots. The venture is set to be established within this year.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 12:23 pm

Nvidia (NASDAQ:NVDA) and SoftBank (OTCPK: SFBQF) recently announced stakes in SoundHound AI (NASDAQ:SOUN), causing its stock to surge over 60%. SoundHound, known for its AI voice technology, has been gaining traction in the restaurant and automotive industries, with partnerships like Jersey Mike's Subs and Stellantis' (NYSE:STLA) DS Automobiles. The company's technology, which includes a Voice Assistant integrated with ChatGPT, is seen as pivotal in the spatial computing market.

Portfolio Pulse from Stjepan Kalinic

February 21, 2024 | 3:28 pm

Jack Ma and Joe Tsai have become the largest shareholders of Alibaba Group Holding Ltd (NYSE:BABA), surpassing SoftBank Corp (OTC:SFBQF). Ma increased his stake to over 4.3% by purchasing $50 million worth of shares, while Tsai bought 1.957 million shares through Blue Pool Management. Their combined stake now exceeds that of SoftBank, which has reduced its stake to less than 0.5%. Alibaba's stock price, which had dropped by 11% in Q4 2023, saw a resurgence of over 7% following the co-founders' investments, signaling their confidence in the company's future.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 4:58 am

SoftBank Corp (OTC:SFBQF) is set to receive $7.6 billion worth of T-Mobile US Inc (NASDAQ:TMUS) shares, resulting from an agreement related to the Sprint and T-Mobile merger. This transaction doubles SoftBank's stake in T-Mobile US to 7.64%, significantly increasing its portfolio of listed assets and boosting its Tokyo-listed shares by 5%. Despite past investment setbacks, this deal improves SoftBank's internal rate of return on its Sprint investment to 25.5%.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 7:37 am

Berkshire Hathaway Inc. has sold its entire 2.5% stake in India's Paytm through a block deal, exiting the investment with a sale of 15.6 million shares at 877.20 rupees each, totaling approximately $167.94 million. The shares were sold on India's National Stock Exchange, and the buyers included Copthall Mauritius Investment Ltd. and Ghisallo Master Fund LP. Berkshire Hathaway's shares (BRK-A and BRK-B) saw a slight decrease in their last trading session.

Portfolio Pulse from Nabaparna Bhattacharya

November 24, 2023 | 5:38 pm

Arm has announced the pricing of its Initial Public Offering (IPO) at $51.00 per American Depositary Share (ADS). The ADSs are expected to start trading on the Nasdaq Global Select Market under the symbol 'ARM' on September 14, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 9:32 pm

Elon Musk's acquisition of Twitter (now X) has reportedly lost 90% of its value. General Motors' wage offer has been branded as 'insulting' by UAW President Shawn Fain. Stellantis has opened its first Battery Technology Center in Italy. Kroger and Albertsons have agreed to sell select assets to C&S Wholesale Grocers for $1.9 billion. Kroger also reported a Q2 sales decline and reached a settlement for opioid claims. UK's NICE has endorsed Eli Lilly's diabetes medication, Mounjaro. Hooker Furnishings reported a Q2 sales decline. PVH Corp's subsidiary, Calvin Klein, has signed a licensing deal with Revman. Apple has responded to the discovery of zero-day exploits. Workers at Chevron's LNG projects in Australia have gone on strike. Zoom has engaged with regulators over Microsoft's perceived anticompetitive behavior. Google has cut ties with Joshua Wright over sexual harassment allegations. Goldman Sachs is preparing for another round of job cuts. Spotify plans to offer free audiobooks to its paying subscribers. Carl Icahn has shown support for Illumina's new CEO.

Portfolio Pulse from Vandana Singh

September 08, 2023 | 2:32 pm

Kroger Co (KR) and Albertsons Companies Inc (ACI) have agreed to sell select stores, distribution centers, offices, and private label brands to C&S Wholesale Grocers for $1.9 billion as part of their proposed merger. The deal, reportedly backed by SoftBank Corp (SFBQF), includes the sale of 413 stores, 8 distribution centers, 2 offices, and 5 private label brands across 17 states and the District of Columbia. The merger is expected to close in early 2024.

Portfolio Pulse from Akanksha Bakshi

September 08, 2023 | 1:45 pm

The Chinese government has banned its officials from using Apple's iPhones and other foreign-branded devices at work. The FTC could prosecute Amazon over antitrust claims. Toyota launched a new version of its chauffeur-driven Century model. SoftBank backed Arm Holdings has launched its roadshow for its IPO. Warner Music has acquired a majority stake in 10K Projects. Roku disclosed measures to cut down its operating expense growth rate. United Airlines flights are back in the air after a temporary grounding. Moderna's updated COVID-19 vaccine is pending FDA approval. Spotify is exploring a move to put lyrics behind its paywall. Google tentatively settled a class action suit for allegedly violating antitrust norms. General Motors said that the UAW union's demands will pressure its manufacturing momentum. C&S Wholesale Grocers, backed by SoftBank, is reportedly approaching a deal to buy stores from Kroger and Albertsons. Apple inked a fresh deal with Arm Ltd for chip technology.

Portfolio Pulse from Vandana Singh

September 06, 2023 | 1:43 pm

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