Streetbeat News

SFBQF

SoftBank Corp.

https://www.softbank.jp/

CEO

Ken Miyauchi

Industry

Wireless Telecommunications Carriers (except Satellite)

Open

1.26

Mkt cap

62B

Volume

High

1.30

P/E Ratio

18.57

52-wk high

14.00

Low

1.26

Div yield

0.00

52-wk low

1.13

C&S Wholesale Grocers, backed by SoftBank Corp (SFBQF), is reportedly nearing a deal to buy stores from The Kroger Company (KR) and Albertsons Companies, Inc. (ACI). The move is aimed at gaining regulatory approvals for Kroger and Albertsons' imminent $24.6 billion acquisition. The transaction value and store count are unknown. ACI shares are trading higher by 1.55% at $22.90, and KR shares are up 0.18% at $45.10 premarket.

Portfolio Pulse from Lekha Gupta

September 06, 2023 | 12:55 pm

Chipmaker Arm has filed for a Nasdaq listing under the ticker symbol 'ARM'. Previously acquired by SoftBank Corp for $32 billion in 2016, Arm was initially intended to be sold to Nvidia Corp but faced regulatory scrutiny. The company, which designs the architecture of chips in 99% of all smartphones, is currently facing a decline in product demand. However, its potential IPO could represent a demand for new offerings for investors.

Portfolio Pulse from Ryan Gustafson

August 21, 2023 | 9:25 pm

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