Investors are skittish about whether SoftBank will keep buying back its own stock after completing a ¥2.5 trillion allotment for repurchases.
For Takahiko Hyuga's latest contributions to The Japan Times, see below:
Uber's food delivery business has surged during the pandemic, making up for losses suffered by its ride-hailing service.
The Tokyo-based company’s stock gained more than 3% to ¥7,244, the highest level since March of 2000 in the midst of the dot-com boom.
For Masayoshi Son, creating such a vehicle may give him a new way to invest in nascent companies while tapping the surging public markets for money.
Son trimmed his committed shares by about 14 million to 213 million, according to regulatory filings.
The firm’s position has injected a jolt of uncertainty into the market, with questions about exposure and plans for future trading.
Cuts in Japan by the online hotel operator come as it adapts to a much smaller tourism industry in the wake of the coronavirus pandemic.
Founder Masayoshi Son has made a career out of confounding his doubters, and analysts see plenty of upside to his company's share price despite all its recent troubles.
The moves extend its ongoing effort to downsize internationally as it adapts to a tourism industry crushed by the coronavirus.
Just nine months ago, Masayoshi Son publicly declared Ritesh Agarwal one of the star entrepreneurs backed by his SoftBank Group Corp. The billionaire boasted that Agarwal’s Oyo Hotels & Homes was poised to overtake the biggest hotel chains in the world just a few ...