
Business / Corporate Jan 13, 2021
SoftBank sells $2 billion in Uber stock as services recover
Uber's food delivery business has surged during the pandemic, making up for losses suffered by its ride-hailing service.
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Uber's food delivery business has surged during the pandemic, making up for losses suffered by its ride-hailing service.
The IPOs could give Son another round of enormous gains after successful offerings from DoorDash Inc. and KE Holdings Inc. in 2020.
Chastened by a string of disastrous overseas acquisitions, the industrial giant is once again looking to buy — this time more cautiously and closer to home.
Under Japanese regulations, founder Masayoshi Son could compel other shareholders to sell when he gets to 66% ownership, perhaps without paying a premium.
SoftBank shareholders balked after SoftBank’s foray into derivatives trading was first disclosed in September, cutting the company’s market value by as much as $17 billion.
Analysts and fund managers have pointed to the structure as a corporate governance concern.
Ken Kutaragi, 70, wants to make affordable robots that can safely move around and do physical work alongside humans in factories and logistics centers.
No one has pulled off a buyout anywhere close to SoftBank’s ¥14 trillion valuation.
The firm’s position has injected a jolt of uncertainty into the market, with questions about exposure and plans for future trading.
TikTok is considering selling its operations in several countries after governments shut out the app, citing fears that user data was passing into the hands of China.