35 Burst results for "Softbank"

Nvidia to buy UK's Arm, sparking fears of chip dominance

Pivot

04:17 min | 3 d ago

Nvidia to buy UK's Arm, sparking fears of chip dominance

"Talk shortly about invidia buying chip company armed from. Softbank. The deal is worth forty billion and video said it will make it the quote Premier Computing Company for the age of Ai Invidia is best known for supplying ships at rendered images, video games, but it's so much more than Invidia has become sort of the power player in in this. Area and I know you're not a chip expert but this is the this is a critical company for a this this sermon, I wanna get into the idea of what it means for certain companies sort of owning a space and you just recently testified about single companies or or a small group of companies owning spaces, and how dangerous that is why it's It like this was a bit of an a for sale because bank has pledged to raising forty or fifty billion dollars in my understanding is they're they're not gonNA make a ton of money I think about bought this company that bought on for about thirty. Thirty or thirty, two billion just about three years ago, and they're getting a mix of stock and cash. What we interesting is it now I I've invidia. The, most impressive company I just don't know about its now got a larger market capitalization than Intel when I was in business school was considered kind of the most innovative giant company in the world. They've been blown by, and then what happens does apple still WANNA do business within video when they buy a competitor to their? To. Their chip designs so the chip bores looks like it's about to get more interesting and just. Greed. Company gets sold for forty. Billion although. That's a bit of a headline number. It was it includes performance in all sorts of other stuff that does about one point going timeout thirty times revenues, and then Invidia with A. It's got a three hundred billion on market cap with twelve billion in revenues I mean this stuff is just it as obviously very strategic that that literally exhaust might total knowledge of the chip-making space. Do you have any thoughts on this deal? Well, I think I think people don't realize Jensen Wong who's the CEO? Has had it sort of as quiet? Person WHO's super I tried to get him to come to co last year and removes like Oh chips the but I think it's really important to understand how powerful this company has become an how innovative it's bad. You know arm holdings was a designer of chips for mobile phones Softbank had struggled in this area Softbank was sort of into everything but bought it for thirty one, billion dollars a couple of years ago. So you know it needed money because of all the other problems it's having, and this is an opportunity for invidia but it's gone. It's gone well beyond mobile for. and it's it's in graphics. It's a it's been moving into self driving vehicles as an area that it's that it's moved into and so it's just it. Just it just says that you know it's going to buy up everything and like you were talking about all these opportunities that were that are a lot of the focus here is going to be on Softbank because it's been involved in so many deals that have sort of blown up whether it be. You. Know this this the overvaluation, we worker or other issues. It's been the the collapse of the Vision Fund and things like that. So a lot of people like to focus on Softbank because it's an interesting sort of ongoing traffic accident but really invidia is has quietly been. You know becoming the go-to Chip Company not just with graphics in games and things like that but artificial. self-driving another area it's moving into I. Think it's it's going to grow Internet of things and stuff like that and Softbank was just not able to do anything about it, and so I think you have to focus on invidia being on this sort of tear beyond where they started and I think people don't realize. It's one of these companies that you don't pay attention to very much like I'm blanking the other. There's another trip company that just is doing incredibly well, it's run by Lisa. Su That it's just there's there's all these companies that are holding incredibly powerful positions amd also on a tear that are very important to the future and so that you're right there's going to be a real focus on where the chip business is going.

Ai Invidia Premier Computing Company Chip Company Softbank Intel Apple Jensen Wong AMD Arm Holdings Lisa Vision Fund CEO
Nvidia Is Buying Arm Holdings From SoftBank in the Largest Ever Chip Deal

MarketFoolery

01:24 min | 4 d ago

Nvidia Is Buying Arm Holdings From SoftBank in the Largest Ever Chip Deal

"Invidia is buying fellow chip maker. Arm Holdings. From Softbank, this is a cash and stock deal worth forty billion dollars and I am assuming invidia got a decent price because shares of video are up seven percent on this news. Yeah shares of NVIDIA are up although the Softbank. Eighty hours as well. Softbank perhaps needs the money after who you know the recent missteps in some of its investments longer story is still very positive, one but given what may have been occurring with some their options plays a we we don't really know but it seemed to have. Perhaps affected the market. Perhaps Softbank lost the money on that but this was a property that they could get You get their money back on a little bit more than their money I think they bought it for. Thirty, one, billion I want to say something like that about four years ago. Probably invested some money into it along the way I'm sure they did So you know getting forty billion today is something they seem to. Need or at the very least want but the market is treating their eighty are here in the US positively.

Softbank Arm Holdings Invidia Nvidia United States
Verizon to Buy TracFone in Deal Valued at Up to $7 Billion

Lynne Hayes-Freeland

00:34 sec | 4 d ago

Verizon to Buy TracFone in Deal Valued at Up to $7 Billion

"A Bloomberg money minute merger Monday, Dealnews lifting the markets, The Dow is up 380 points one and a third percent. The S and P. S of 1.6%. The NASDAQ is 1.8% higher. Stock of immuno medics has doubled. The cancer drug maker is being acquired by Gilead Sciences. Gilead's paying about $21 Billion for, um, you know medics, which recently reported a breakthrough in treating breast cancer. Other deals include the biggest chip deal ever in video is buying Softbank's chip division for 40 billion and a big wireless deal. Verizon is buying Trac phone.

Gilead Sciences Gilead Breast Cancer Bloomberg Verizon Trac Dealnews Softbank
Nvidia to buy UK's Arm, sparking fears of chip dominance

Bill Leff and Wendy Snyder

00:44 sec | 4 d ago

Nvidia to buy UK's Arm, sparking fears of chip dominance

"To hold pretty good advances to start this trading week. It's getting a boost from technology stocks, while signs of progress and developing a covert 19 back scene and the spurt of multibillion dollar deals also frightening the mood to start this week. Vidia jumped 6.7% on plans to buy UK based based chip chip designer designer arm arm from from Japan's Japan's Softbank Softbank Group Group and and the the Philadelphia Philadelphia chip chip Index, Index, Rose Rose 2.4%. 2.4%. All major s and P sectors were higher, with technology, leading the charge with an increase of 2.3% or eagle

Chip Designer Softbank Softbank Group Group Philadelphia Japan Vidia UK
Nvidia is acquiring Arm for $40 billion

Equity

00:23 sec | 4 d ago

Nvidia is acquiring Arm for $40 billion

"Invidia this morning confirmed that intend to by chip design giant arm Holden's for a total of up to forty billion dollars mixing. Softbank which bought the company for thirty, two, billion in two, thousand, sixteen the Boards of all three parties have approved the outline of the deal. This has been a longtime coming in. If you care about chips, it's a big day. If you don't care about chips, it's still a big day because this deal really really matters

Holden Softbank
SoftBank Nears $40 Billion Deal to Sell Arm Holdings

Masters in Business

00:38 sec | 5 d ago

SoftBank Nears $40 Billion Deal to Sell Arm Holdings

"We're hearing Softbank Group is nearing a deal to sell British chip designer arm holdings to in Vidia. For about $40 billion more on that from Bloomberg's Denise Pellegrini. A sale of Arm holdings would be the latest in a Siri's of big asset sales by soft Bank, the Japanese technology conglomerate. The cash and stock deal being discussed would value arm somewhere north of $40 billion. Now, the terms under discussion could mark a big win for Softbank. Which bought arm four years ago for $32 billion and its struggle to jumpstart growth of the business. Denise Pellegrini Bloomberg Radio

Arm Holdings Denise Pellegrini Softbank Group Bloomberg Bloomberg Radio Siri Vidia
SoftBank Nears $40 Billion Deal to Sell Arm Holdings

Bloomberg Best

00:37 sec | 5 d ago

SoftBank Nears $40 Billion Deal to Sell Arm Holdings

"Group is nearing a deal to sell British chip designer arm holdings to in Vidia. For about $40 billion more on that from Bloomberg's Denise Pellegrini. A sale of Arm holdings would be the latest in a Siri's of big asset sales by soft Bank, the Japanese technology conglomerate. The cash and stock deal being discussed would value arm somewhere north of $40 billion. Now, the terms under discussion could mark a big win for Softbank. Which fought arm four years ago for $32 billion and its struggle to jumpstart growth of the business to the spell. O'Grady Bloomberg radio another

Arm Holdings Bloomberg Soft Bank Denise Pellegrini Siri Vidia
Nvidia to buy rival chipmaker Arm from Softbank for $40B

Bloomberg Law

00:37 sec | 5 d ago

Nvidia to buy rival chipmaker Arm from Softbank for $40B

"Group is nearing a deal to sell British chip designer arm holdings to in Vidia. For about $40 billion more on that from Bloomberg's Denise Pellegrini. A sale of Arm holdings would be the latest in a Siri's of big asset sales by soft Bank, the Japanese technology conglomerate. The cash and stock deal being discussed would value arm somewhere north of $40 billion. Now, the terms under discussion could mark a big win for Softbank, which bought arm four years ago for $32 billion and its struggled to jumpstart growth in the business. Denise Speller Grady Bloomberg radio

Arm Holdings Denise Pellegrini Denise Speller Grady Bloomberg Soft Bank Bloomberg Siri Vidia
Stocks Decline as Tech Slide Extends

Monocle 24: The Briefing

01:55 min | Last week

Stocks Decline as Tech Slide Extends

"Last week, we had selloffs from lots and lots of tech companies. But things are not looking good if you're the likes of Tesla or Softbank and this is the shares dropping hard and fast, and then I'm totally yeah. It's been a fantastic run for these texts off this year but not so much for couple of hours now off the Wall Street. Nine thirty. AM opens in New Street in on a Wall Street's and features pointing to a pretty negative open tech stocks. Tesla in particular dropping about ten percents on the pre market. Tesla. A surprisingly has not been emitted into the P. Five hundred index. Many people had predicted that would happen but question marks over the sustainability of its earnings particularly with emissions credits. One of the reasons why it was not admitted to the benchmark index, but of course, tech stops very much dominant in the stock market the biggest companies in the US Apple Amazon, Microsoft, Google, parent, company, Alphabet and facebook that all tech stocks and they all had a tremendous run this year, but it like the selloff is going to continue today. Is this a new change in direction or is this a temporary blip? I think there are concerns about valuations getting bit out of hand. It's been a really phenomenal run since the market bottom at the end of March tech stocks have really been at the forefront of the rally and I think there's been a bit of profit taking a bit of concern that some stocks just getting too expensive Tesla. Shares are up four hundred percent over this year. That's the second best before the top performing stock on the Nasdaq is something called Zoom, rather smaller company but a company which has been on everybody's lips over the past few months and I think just concerns among investors that it's got a little bit after controlling those also some interesting moves on the options market a big buyer from Japan waiting in driving up valuations I'd also concerned a number of

Tesla Facebook Japan Apple Google Amazon Microsoft
Sudden Volatility in Tech Stocks Unnerves Investors

BTV Simulcast

05:07 min | Last week

Sudden Volatility in Tech Stocks Unnerves Investors

"Our next guest. He's that doesn't see the significant rotation away from technology. Gary Dugan runs their global CIA office, an independent investment advisory firm, and he joins us from Singapore. Gary Great to talk to you. Let's just Start off with why he think that the tech rotation stories and really a flyer. Well, I think you've got something more kind of on the other side and we really struggled still with cyclical stocks. They don't getting pricing power. The volumes are still pretty mundane, and we're not getting significant surprises The upside It is still quite a contrast with tech sector. Well, absolutely, and tell me about what you have right now from your client base as a family office and behind that worth individuals a times it's all about wealth preservation. Of latest being about growing. Your capital base is their point, an inflection point where they retrench, and that's going to be key. I don't think that will change in the weather. But don't don't retrenchment starts in terms of a significant shift strategy until the Fed changed strategy, and we're still getting more of what was in the last decade. What the Fed is underwrites the markets. It's dragging old fields down and people still searching for income and they're they're saying if I can't find income are gonna have to go for capital growth. There are very few sectors that author kind of almost You know, confirmed, you know, 100% probability is going to get some activity such capital gains that really only come into the tech sector on a small smattering of other growth sectors. Well, Absolutely. So where you know what sort of noise you're getting in the moon. What's the biggest question you'll be asked Bio client base. I think the biggest fear of the moment is a big backing up in long term interest rates. That has been a bit ambiguous, certainly anchored the short and the market. We've got near zero sorts of interest rates. But would they let long term interest rates go higher? We don't think so. I think the fact is, we see interest rates of 10 years on the U. S. Government bond moving towards the 1% bubble. I think it will be in managing the yield curve on getting those fields back down to maximum 70 basis points, so I think that is in this place. That's number one fear of the moment. Gary, you talking about how you're not seeing a rotation out of tag, but Fang stocks trading at 31 time, Speedy I mean, when do they get too expensive to be to be playing tag? Hey, very simple Maths on gross boxes. That evaluation is the future profitability and be fair. But no. These companies got profits these days, not as they had in 2000. And you divided by discount rate, not discount right from the Fed, we're told is close to zero because they're now kind of projecting or giving us suggesting the market suddenly discounts the market no increase in interest rates. Some years to come. So if you can find any company out there give you 10 15 20% owners growth You kind of almost putting infinity P multiple in. Maybe just, you know, just giving something exaggerated, But the P multiples could be a lot higher. But why they stand today. We talked about how Masayoshi son and solved by taking a big bat in the options market. What do you make of the options frenzy? Do you expect it to purses? I think it will do But, you know, of course, the market's being cold now because of the soft bank of very major player in the volumes of which they would be stealing in the market would've probably overwhelm any other buyers and sellers. So not to say it's a manipulated market. I think that someone suggested maybe Softbank's running a hedge fund now rather than corporate strategy, But it just shows that there are very few places that people feel comfortable. Make trying to make gains. The longer term. It is very focused on one sector. But as I suggest These companies are delivering corporate profit forecast kind of 10% since June for the tech sector still down from when he started the year. There are very few sectors delivering that kind of good news the moment Gary. The trajectory higher for the full for the stock market isn't likely to be without bombs. How do you hedge against the volatility that is expected? You know, it's good question. We obviously got a very strong rebound. It's quarter forecast for GDP numbers have gone up over recent weeks, but then things will calm down. We've become down a long labour recover somewhat. And then things will have to get back to the door. But I think the one concern I have out there the bone, but it's the central banks of being helpful. I'm not so sure that governments might be to be so helpful. They are limited on fiscal policy that spent a lot of money already. Driven debt up to considerable amount of the GDP. Most countries close to 100% or beyond, and therefore if you have government, but a little bit more sensitive, maybe people be a bit more concerned about the outlook for growth in 2021.

Gary Great FED Gary Dugan Gary Singapore Softbank CIA U. S. Government Masayoshi
TikTok Tracked User Data Using Tactic Banned by Google

WSJ Tech News Briefing

01:35 min | Last month

TikTok Tracked User Data Using Tactic Banned by Google

"Wall Street Journal analysis has found that tiktok collected unique identifiers from millions of mobile devices without user's knowledge or consent. Here's our data reporter Kevin. Poulsen? So the data that chuck elected is called a Mac address in it's a unique number in basically any piece of electronics that can connect to the Internet would let some too is if they wanted to, they could track to talk users even after that user has completely reset everything on their phone and attempted to start over and wipe the slate. They did that by taking advantage of a loophole in Android that lets you bypass a certain. Security restriction that Google set up an android in order to get that data, we didn't find anything on the extreme end of what you could find had this actually been militia software. There's nothing that on its face is a dangerous national security. Instead, this is more like a dodged. You sometimes see executed by third party gaming. APPS and other relatively small operators who are looking for an edge in collecting data to to targeted advertising and the like. Our analysis showed Tiktok ended the practice in November and the company says the current version of the APP doesn't collect the addresses. Comes as the trump administration has been dialing up the pressure on talk as well as its Chinese parent company dance. The administration is concerned that Beijing could use any data collected by the APP for espionage. Talk has said that it doesn't share with the Chinese government and that it wouldn't do so if asked.

Wall Street Journal Tiktok Chinese Government Reporter Poulsen Google Kevin Beijing Chuck
"softbank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:50 min | 2 months ago

"softbank" Discussed on Bloomberg Radio New York

"Scrutiny, Given that investment from soft language made headlines to the losses of its portfolio companies, the lights there we were over and so on. See for a couple of things Softbank invested in policy Bazaar evaluation off under $1 billion. After that drowned. We have had one round at $1.5 billion which was a secondary pretty significant secondary $150 million. After which we've got. Another secondary had $1.6 billion. And we are in the seat off interest. Back over $2 billion right now, which is none of these are from self bank. So all I'm saying is, we had a rare example of a company which you know has received higher and higher valuations. From other investors. Not just soft, So I think this I I don't know about the other investments of Softbank, but this one is doing quite well. But earlier on you did say that the investment from Solvang was a mistake yet you did accept Mohr investments from the company. No, I don't think the I think that was incorrectly reported. We did not ever say that the Rays from Softbank was a mistake. I think that helped us in that time. Some of the decisions. We made post that Rays were incorrect, and those who have nothing to do with a single investor sees off bank at that stage, another need percent shareholder in policy bazaar. And 8% You're older, you will appreciate it does not make or does not leave the strategy for a company. The board of the company does that in At that point, Softbank was the fourth or fifth largest investor on our cap table. Even today, Temasek.

Rays Softbank Temasek Solvang Mohr
SoftBank Explores Sale or IPO for Chip Designer Arm Holdings

Bloomberg Daybreak: Asia

00:28 sec | 2 months ago

SoftBank Explores Sale or IPO for Chip Designer Arm Holdings

"Softbank is exploring some options for selling part or all of its stake in British chip designer arm Holdings. Sources said that this would either be through a private deal or a public stock listing. They said if the company pursues a listing arm holdings could go public as soon as next year. That would accelerate a timeline that Softbank founder Masayoshi Son Had laid out back in 2018. He'd estimated initial share sale. Forearm holdings would be sometime around 2023

Arm Holdings Forearm Holdings Masayoshi Son Softbank Chip Designer Founder
SoftBank's Son leaves Alibaba board following Ma's departure

WSJ What's News

00:31 sec | 3 months ago

SoftBank's Son leaves Alibaba board following Ma's departure

"We begin in Tokyo with a story involving two of the most powerful entrepreneurs in the world. Masayoshi Sun CEO of the Japanese technology conglomerate Softbank announced today. He stepping down from the board of Chinese ECOMMERCE giant, Alibaba his departure comes after it was revealed last month, Ali Baba's Cofounder Jack Ma was leaving soft bank's board Softbank has come under pressure for investments in troubled startups, such as we work in

Cofounder Jack Ma Alibaba Ali Baba Softbank Tokyo CEO SUN
SoftBank-backed ride-hailing firm Grab cuts staff to cope with virus impact

BTV Simulcast

00:41 sec | 3 months ago

SoftBank-backed ride-hailing firm Grab cuts staff to cope with virus impact

"Just quit breaking news line on grab I grab is the ride hailing food delivery service in Southeast Asia is one of the but one of the biggest as sort of fact told by companies that the ride hailing company they're gonna cut five percent of their employees it's another setback because of course they are backed by softbank and softbank to think about it uber Didi here we go with grab five percent of the total work force is going to be at call back this is one of the most one of the most at yeah I I suppose valuable companies in Southeast Asia so another another blow to my A. R. C. song in terms of the portfolio of holdings and that they invest about three billion dollars in grab billions more into that and

Southeast Asia Softbank
You may have heard this before: Venture capital investing is not very diverse

Marketplace Tech with Molly Wood

03:08 min | 3 months ago

You may have heard this before: Venture capital investing is not very diverse

"Earlier in this week we talked about how the tech industry should either hire more people of color or invest in them higher or wire on that ladder idea. The past few days have seen a few commitments from established venture funds. Softbank, launch. Day One hundred million dollar fund support people of Color Andriessen Horowitz launched at two point. Two Million Dollar Fund to support founders from quote underserved communities with a plan to expand it to fifteen million dollars over time, but if we're being honest here. That's not that much syrup. Kunst is the managing director of CLEO capital. They are real amounts of money, but compared to the size of the industry and the amount of underfunding that has happened. Black founders get less than two percent of all venture capital dollars, despite being fifteen percent of the population and starting companies at disproportionately high rates so that historical imbalance is certainly not going to be solved with you know these cumulative called one hundred fifteen million dollars in commitments that one hundred. Hundred fifteen million humility is already small, and then when you realize that it's not particularly earmarked for black or Hispanic, underrepresented minorities, you have to question how much is actually going to get into the hands of the people who you know have historically been underfunded the most right, and also, if we were talking about structural change, white year, mark money at all exactly and I think you know my fund cleo capital. We don't have a mandate around gender diversity that being said you know. Know, my portfolio is incredibly diverse. We have a lot of black founders. We have a lot of Asian and Indian in Hispanic founders. You know we. We have a lot of gay founders like we've. We just find great people and we invest in them, and they make us a lot of money are two best. Performing companies in the portfolio are founded by women of Color, and the other one is founded by a man of color and his business partner in both are immigrants the exact. Exact things that people are saying. How do we do it? How do we find it? We have to have this carve-out or this sort of remedial training or whatever it is, there are funds like mind that have just been able to do it and we're making a lot of money from doing it i. mean there's research that shows trillions of dollars is being left on the table by not investing in more founders of color like why isn't that economic argument working if nothing else? I mean we see the same thing with gender right I have been on NPR I've been on these shows a lot to talk about gender and race over the years, and we saw a lot of these same things after me to where you know, there's massive economic arguments right? There's only really two schools of thought you either fundamentally believe that only white men are capable of greatness, which is a really thought that I hope you're very quiet about or you're leaving money on the table, and there's not really another. There's not really another option, and and so I think. Think when people realize that, and when people except that, they say oh, I'm leaving money on the table. And by the way the job of venture capital is not to invest in a museum founders.

Cleo Capital Managing Director Andriessen Horowitz Softbank Partner
SoftBank to launch $100M fund backing companies led by people of color

News and Perspective with Tom Hutyler

00:19 sec | 3 months ago

SoftBank to launch $100M fund backing companies led by people of color

"In a letter to employees softbank CEO Marcello Clery says the Japan based global technology investment company it will create a one hundred million dollar fund that will only invest in companies led by founders and entrepreneurs of color the opportunity growth fund will focus on companies that use technology to disrupt traditional business models

Marcello Clery Softbank CEO Japan
Asian stocks up on hopes for vaccine and economies reopening

Bloomberg Daybreak

00:44 sec | 4 months ago

Asian stocks up on hopes for vaccine and economies reopening

"Thanks in Asia stocks posted their biggest gain in more than three weeks we get the recap from Bloomberg's Juliette Sally in Singapore good morning I think hard Estrellita Japanese stocks closed at their highest levels in ten weeks on the vaccine hopes but softbank shares came under pressure in Tokyo as the company closed in on a deal to sell about twenty billion dollars of it still can T. mobile China's CSI three hundred up eight tenths of one percent south Korea's KOSPI up more than two percent airline stocks in Seoul receiving a boost as plane travel creeps back with bubble cardinals in currencies the Indonesian rupiah strengthened after the central bank may cut rates to four point two five percent well the Taiwan dollar snapped its longest losing streak in six weeks and India's replaced up to three days of losses as the dollar weakened amid the risk on

Bloomberg Juliette Sally Tokyo T. Mobile China Korea Seoul India Asia Singapore Softbank Taiwan
"softbank" Discussed on WSJ Tech News Briefing

WSJ Tech News Briefing

09:27 min | 4 months ago

"softbank" Discussed on WSJ Tech News Briefing

"And stay informed in the past four decades. Softbank Group has made a name for itself as one of the biggest names in tech investing since twenty. Seventeen it's been pursuing an aggressive strategy of throwing huge sums of money early stage startups in the digital space through its vision fund on Monday. Soft Bank reported its results for the twenty one thousand nine fiscal year giving us insight into how it's impacted by the pandemic and also whether it's investment strategy has been paying off our reporter. Rolfe winkler has the latest and he joins us now. Thanks for being with us here. All right so Ralph. Before Softbank even posted its results had told investors to expect a seventeen billion dollar writedown. Can you tell us about the actual results? That was the key result. They had forecast a lot of this for the year. Softbank ended up with nine billion dollar loss when you factor in the investment results with all all the other stuff they have going on including their operations. The other things that happened Jack. Ma who is the founder of Alibaba was on the Board of Softbank? He's leaving the board. That was a key thing we learned today. And oh by the way they're also pairing back some of their stake in T. mobile which they got with the merger with sprint. They're also paying back. Some of their alibaba stake. Which is why a reason Jack. Mosley the soft bank board. So do these announcements. Give us any more clues as to where Softbank is right now. Sure what we know about Softbank is that it's a bit over levered. They've got a lot of debt so they have to repair their balance sheet. They have to sell down some asset. So they can pay off some debt but also they want to buy back a lot of stock. That's that's a main thing that's going on. Ever since Elliott management the activist investor got involved and encouraged the company to go ahead and do do some share buybacks. Why did they want to do that? Boost the price boost the stock price. A lot of times activist investors. Their goal is to in effect lever up a company. If you use the cash to buy back stock you're in effect increasing the ability of the company to boost. Its return on equity right. If you believe in the future of the company if you buy back stock the people who continue to hold the stock their returns will be boosted. So let's zoom in on the Vision Fund. This is things flagship fund as it. Were you told us in yesterday's show that Softbank had taken on a risky strategy for this fund from the very start that they were funneling huge sums of money into early stage companies. How Did the Vision Fund Fair and twenty nine hundred not well? They had a whole bunch of big issues. I mean the biggest issue. Everybody knows we work. The the Shared Office Space Company. They just collapsed. It's very easy to grow quickly. A LOT OF START UPS. Lot of private tech companies have done this. They've grown quickly. Can you call it a tech company? You can't but nevertheless it's still part of this universe. They've grown quickly by you. Know selling a dollar for eighty cents. You LOSE MONEY. You can grow fast. And we work did that like crazy signing a whole bunch of long-term leases renting out space and just growing and growing and growing with an eye toward profitability sometime in the distant future That was actually a common theme of a lot of Softbank investments. Where they're just growing at all cost. Never mind the bottom line. This is all gonNa make sense in the future. The problem is when we work happened and the public market said you know we're not going to buy the shares we're not GonNa let you IPO. We're not interested in a company. Losing this much money. Well then all of a sudden some muscle realizes wait a minute the invest strategy. I've had for all of my companies. I mean I've got to get an exit to I've got to be able to sell these companies off. Eventually most of them many of them probably by via an IPO and the public market is telling him growth at all. Costs is not what we're going pay for. He had to readjust his strategy. And that is what happened towards the last fall into the end of last year and then by the way Kovin just hammered them even more because a lot of their top investments are really invulnerable industries. I was GONNA say we're talking about twenty nineteen but we've obviously seen in the first three months of this year a lot of those companies that they'd put big money into Uber for example also Taking a massive head. What are they looking like For the first quarter good question So for the first quarter I do. The quarter ended march. That's what they just reported. They had a lot of down there because of course at the end of March that's when the market had declined quite a bit now. It's come back a lot in the second quarter. A lot of stimulus has brought has brought stocks back so you can see them writing up the evaluation of some of their investments here in the current quarter. Which could could help them that said the actual fundamentals of the businesses in which they've invested a lot of them are in deep trouble. Uber said Monday they were GONNA lay off another. Three thousand people have already said. We're GONNA have thirty seven hundred and the CEO said there. Ride hailing business. It's their core business off eighty percent four-fifths of the business gone and by the way the stock is up on the year. Go figure that. But that's a discussion for another podcast point being you know the long-term prospects for this business are maybe they're better? Maybe more people will get in a car and that's why this versus getting on public transit and that's why the stocks up but for the moment they're just bleeding badly and that's true of a lot of their investments. They've got three of their biggest. Investments are ride hailing deedee in China Uber and then grab in Southeast Asia. Then you have oil hotel and homes in India which has seen a gigantic hit. It's business down fifty to sixty percent. Of course there's we work in there which has also you know they already had problems last fall and you know you WanNa talk about the business. That's going to struggle in the middle of a pandemic take one that's been signing long term leases to sub lease office space and everyone then goes and works from home. Yeah and I think what you brought up earlier is really a big question. You know the idea of throwing money at visionary leaders who weren't profitable but had big ideas that were disrupting industries was really the focus of the Vision Fund. That was already kind of coming to an end before the pandemic. What does this mean for tack and for those kind of innovative industry changing ideas in the future? Are they going to see less money available to them? No I don't think so. In fact you could make an argument that they may see more money right now because again stimulus the amount of money that's flowing into the economy that's being printed is epic and that money's going to want to find a return in a in a zero interest rate environment. A lot of that's going to go to tech especially since tech is benefiting parts of tech are going to benefit dramatically from working from home. The thing that's to note about softening strategy investing in visionary founders. That's what venture capital is all about often people who haven't figured business model out yet aren't making money. You're just betting on someone who you think is smart and is going to solve a big problem but historically the way that works. Is You bet on that person at the beginning you you give them a big valuation. You know okay. The businesses in theory at but. I think you're smart. I'm going to give you twenty million dollars here and so and by the way. Masa did that famously. With Jack Ma. Alibaba twenty million dollar investment early on turns into an amazingly huge lucrative investment. Down the line that's true venture capital early stage. The problem with Softbank is what he decided to do was he would throw a whole bunch of money at the visionary founders later in their life cycle. So they're they're much more mature companies even though they're much larger companies even though they're larger they haven't yet matured to the stage where they can make money. They're not yet profitable and they have. They haven't yet settled on that business model even though they're very late in their in their development by most startup standards. And so you're sort of taking hall of the risk of venture capital model right betting on somebody who doesn't have a subtle business model and compounding it by adding the risk of late stage growth investing at a high valuation. When you don't have a lot of people who can come after you and by the way in illiquid stock in private companies. You can't easily sell to someone else so it was just really not a good recipe from the beginning so all that said. Softbank has been planning to raise cash for a second vision fund. How likely does that seem now? That was basically dead earlier this year and Masa even said on when when they reported earnings said. It's not going well quote. Sometimes I get asked the funding for Vision Fund to is. Okay said Mr sewn quote. It's not the reality. Is THEY A second vision? Fund mostly using their body using. Softbank has some money but they weren't able to get money from outside investors. Who Just said you know what we've put enough money into your strategy and it's time for that first fun to generate some returns get a similar quantity before we decide to give you any more all right our partner. Ralph Winkler thank you so much for joining us. Thank you okay before we go there still time to share your work from home tech stories and questions with us..

Softbank Group Vision Fund Jack Ma Alibaba Rolfe winkler Ralph Shared Office Space Company reporter Ma Mosley Elliott India T. mobile Southeast Asia Kovin sprint partner
Disney streaming chief Kevin Mayer resigns to become TikTok CEO

WSJ Tech News Briefing

00:26 sec | 4 months ago

Disney streaming chief Kevin Mayer resigns to become TikTok CEO

"The video platform Tick Tock announced on Monday that. It's getting a new. Ceo The Disney executive. Having mayor at Disney mayor had been in charge of the streaming service Disney plus and he'd actually been passed over to replace Bob Iger as the chief of Disney earlier this year. Now Mary is joining. Tick Tock Parent Company. Bite dance as COO where he'll lead global expansion in its music and gaming businesses and of course as the head of tech talk

Disney Bob Iger COO CEO Executive Mary
"softbank" Discussed on Marketplace Tech with Molly Wood

Marketplace Tech with Molly Wood

05:16 min | 7 months ago

"softbank" Discussed on Marketplace Tech with Molly Wood

"Soft Bank's one hundred Billion Dollar Vision Fund started pumping tons of money into the tech startup scene around two thousand eighteen but has lost billions in recent months after the we work. Ipo disaster disappointing returns for Uber. Other Softbank back to companies have announced layoffs or shutdown recently and now Softbank Group is apparently putting billions of its own money to try to keep vision fund to going Pulkovski from S. K. ventures joins us again today to talk about what I called this burble in the startup economy. This definitely a bourboule going on. And it's it's a pretty big one. Because there's this general sense that the kinds of things that are venture investable are changing and the sorts of things that are becoming less investable. Are the things that need a lot of money like shared scooters shared workspaces any of these sorts of things that got by on the idea of We're GONNA have built up a lot of scale quickly and then sorted out later whether it's in the public markets are elsewhere are becoming difficult if not impossible to fund and then there's separate issues with respect to this this company you may have heard of called. Softbank whose problems are also rippling through at the same time. We do occasionally talk about this company. Softbank Really was eight. Hundred Pound Gorilla came in and could argue really distorted venture capital. Now what is the feeling now that everybody's realized like? Hey maybe they're actually not very good at this. Yeah I always analogize it. The kind of it was like the tooth fairy right. Where if you were nice and you were good and you'll have to under your pillow. Somehow money just showed up well. South thank was kind of like the tooth fairy of venture capital. Where if all of these mean? Vc's were showing up. And saying I want you to do X Y and Z. Entrepreneurs could say things like you know what? I just leave my business plan under the pillow. Money will show up from South Bank right and that tends to lead to some pretty bizarre behaviors because suddenly there is this thing backstopping an awful lot of the market which isn't very healthy and are in a risk market. Because it's supposed to be risky. There's not supposed to be a tooth very well. It seems like another double whammy to is that. Softbank invested loudly in some of those sharing type companies the platform companies and the ones. That really didn't perform very well. Is that part of why that category is tainted because maybe Softbank overemphasize the growth non-profit thing. Oh absolutely and when you find yourself thinking or you see competitors thinking hey that looks like a really good investment and you ask them why and they say well they can take a check. I could write them a check for fifty million when you start thinking about venture in check size terms rather than hey. That's a great company terms. You've got problems. No and Softbank. Because of the size of its funds was forced to think in check size terms and so the types of companies that need large checks are the companies like these sharing companies. Is there still? Though a giant pool of money venture firms raised bigger funds to try to compete with Softbank. There is still softbank money. Like how long is it going to take for this to play out? Oh there's still a great pool of money out there still always come back to some semblance of I'll say approximate normalcy the standpoint of the average entrepreneur with an interesting idea. It's probably still as fundable as ever. What's less fundable than ever is the sorts of things that require large checks and we all just hope one day that it sorts itself out. So it's it's actually only contracted back to a kind of normalcy and that's about Paulk. Address is an investor with S. K. Venter's now Softbank did have one good piece of news this month. The corporation not the venture fund spent twenty two billion dollars on a stake in sprint. Back in two thousand twelve now with the t mobile merger almost done maybe they break even for some related links for a little more reading on the current state of things that Softbank head over to our website. Marketplace Tech Dot Org an activist hedge fund called Elliott Management recently took a two and a half billion dollar stake in Softbank to try to push for change but perhaps there is no accounting for bad taste in investing Bloomberg had incredible account last week of Softbank. Three hundred and seventy five million dollar investment in Zum. Zee You Ami a business in which robots would make pizza and then cook the pizzas while they were out for delivery. So you'd always get a nice hot yummy pizza assuming that robots are awesome matt making pizzas one thing to know about stopping vision. Fund is that CEO Masayoshi. Son was pretty much always personally involved in deciding whether to invest so the Bloomberg story tells this crazy tale of climbing into this robot pizza truck and basically deciding to invest on the spot and the almost immediate decline of the company that follows in January zoom laid off more than half its employees and said it would pivot away from pizzas and robots completely. It's a corker of story. Muscle car racing is involved. I highly encourage you to read it and it has been a very busy technique already. So here's what else we're watching new segment.

Softbank Group Bloomberg South Bank S. K. ventures CEO Vc Z. Entrepreneurs Paulk Elliott Management S. K. Venter Masayoshi sprint Zee
"softbank" Discussed on Equity

Equity

02:00 min | 1 year ago

"softbank" Discussed on Equity

"And it was building up a following it had the some founder, CEO Tina Sharkey, who is a marketing whiz. But I don't think it had become clear breakout winner. When last year, it took on a very, very big round of funding which at the time, I think, started startled people because it was such a young company, it raised two hundred and forty million dollars, two hundred million of which came from our favourite big backer. Softbank and in exchange. Softbank took forty percent of the business. The company now according to the information has run into some trouble. I think basically from the point of SoftBank investing the money. It's last customers. I think it's customers are down an estimated like twenty five percent from this point year ago, they've had quality control issues. They've had some problems with inventory. These are all sort of like normal growing pains, I think, for a startup of its age, but, you know, you add to the mix this investor, who's got a lot of money in the company, and according to the information wants to see them, turn a profit and a lot of pressure on. Exactly. So I was interested. I mean friendless raised us two hundred and forty million dollar round, only one year after launching. So there are very young company, and then some now fast forward another year. Softbank is pressuring them to be profitable. But right now there are only two years old. So I mean what two year old start up is even at that point. What other SoftBank companies profitable? Yeah. I think when you when you look at this, I think for me is an investor. I don't know the ins and outs of what's happening here. Exactly. But for me, this just really underscores the importance of having. A very aligned set of goals, and missions, and values and everything else when you when you sign up to work with an investor. Right. I mean, the, the company and the investor or have to be sort of, in lockstep. And when you have it investor that hasn't been around for a really long time, you don't know how they're going to behave really in a downturn or when the company runs into bumps and I think that kind of behavior sort of through the highs. And the lows is a really important thing that founders and other investors need to take a very close. Look at one thing, what was interesting in the story at the very end, it said that SoftBank had been giving them that dot capital trenches Toronto Trump's in tranches..

Softbank Tina Sharkey founder CEO Trump forty million dollars forty million dollar twenty five percent forty percent two years one year two year
"softbank" Discussed on Equity

Equity

03:58 min | 1 year ago

"softbank" Discussed on Equity

"Everyone don't forget this episode is brought to you by shares post. It's an enormous enormous based, but we need to talk about really therapeutics which also raised four hundred million dollars from the Bishop fund this week puny round for the vision. Danny what is it about five hundred million four hundred million tunes? One quick mentioned so fair actually came that that investment that three hundred eighty five million came from SoftBank. And it's not yet in the vision fund. But it may be transferring that. And I'm not really sure why it does that sometimes get on. If you have any particular insight into this. But yes, so so the couple of elements one if you knew how the vision fund is structured, which a lot of people don't understand from the outside. Forty five billion comes from the the PIF fund, which is Saudi Arabia than a bunch comes from SoftBank mobile. The lava just Thermo without became in. Now, the guy fifteen million fifteen billion the guy from Saudi Arabia and Mubanga do have ITO rights. So in me talk about we woke lead on the show. That's what the exercising you need to get the approval to do it. So sometimes Masa says I don't wanna Wayne I'm going to go ahead and make mass not make it out of soft Bank. And then if they make any investment over a hundred million out of SoftBank the vision fund has the right to absorb it a some point. So this is to make sure that the vision fund has a fuss choice. So one of the things that could be happening. I don't know exactly is that he might not have gone through the process for the mission fund. So you'll expedited with SoftBank money and then we'll get absorbed later. But if if push back and say, no, which is what would be a hearing on we woke and he conduit, right? Okay. Interesting about lump sorry, Dan. Let's talk about relaying then we'll talk about we work really quickly. Yes. The relay is another biotechnology company, and I it's described as a protein motion research company. So the the the goal is to use certain serve molecular techniques in order to really celebrate drug discovery. And this is sort of similar to last week's discussion around cyber jet, which I believe gonna union talk a little bit about. I'm sorry. I don't know anything about really is really a direct competitor to Emerson. No. There was sort of in the same context. So in cyber Jin's case, they're trying to create these lead with molecular manufacturing machines again for the drug discovery process. But I think in both cases what's interesting heater. Is that SoftBank seems to have a kind of deep biotech thesis, which visually isn't, you know, kind of common they're usually in specialized firms, but at least that the gross stage. It seems like they're quite willing to cross over the chasm an invest in some very very deep technology startups. It's interesting. Yeah. We should definitely pay closer attention to that part of its portfolio there. We've talked so much about it's sort of fintech beds. And of course, it's logistical plays. But I haven't been paying close enough attention to biotech. And in fact, I was sort of surprised they put quite so much desire Burnden last week. Even though they were an earlier investor, but the company that they seem most sort of fascinated by as the banking was talking about is we? They I mean SoftBank. Plus, we work equals. But but it's interesting. So we're just saying so vacuous Abu Dhabi owns fifteen billion dollar stake. In this in the vision fund, Saudi Arabia owns a forty five billion dollar stake. I don't know that they've said no outright to Masayoshi sun, the CO SoftBank previously. I don't know if they're going to say no now, but the Wall Street Journal reported yesterday that he's been wanting to take a bigger stake a majority position in we work. And I guess the thinking is from what I've read they're not that excited about the idea because they see we work very much as a real estate play. They already own a lot of real estate, they're investing, and we work. I mean, excuse me, they're investing in SoftBank this in order to get more into sort of pure tech. Apparently. So there's an there's the Middle Eastern economy. A lot of people also don't realize how the investment is structured..

SoftBank Saudi Arabia Bishop fund SoftBank mobile Wayne Wall Street Journal Danny Middle Eastern Abu Dhabi Thermo PIF Masa Dan Jin Burnden Emerson Mubanga four hundred million dollars forty five billion dollar
"softbank" Discussed on Marketplace with Kai Ryssdal

Marketplace with Kai Ryssdal

03:14 min | 2 years ago

"softbank" Discussed on Marketplace with Kai Ryssdal

"Softbank invest in Uber slack. We work Alibaba sprint. Softbank makes some of these bats through its hundred billion dollar venture capital fund. The biggest one ever created. It's supported in large part by a Saudi Arabian state owned fund, and it typically invest in companies that are already having success but need a big injection of cash. We work is a good example where they're now able to expand much more aggressively as a result of soft bank's capital. Softbank usually holds a minority stake in its companies, but in Indo gauche at NYU stern school of business says the conglomerates still has a lot of sway over them. Clearly, you know, when you injecting that amount of money tremendous amount of influence on the phone doors, and leadership companies know that soft bank's founder Masayoshi sun could always invest in their competitor Kenji Kushida is a researcher at Stanford Asia Pacific research center, if the company that he's invested in decides to. Go a very different direction. He can say, okay, visions, no longer a line. But my vision does align with this other companies I'm going to go with them instead. And if SoftBank raises that twenty one billion dollars in this IPO, it'll have even more bargaining power. I'm maryelle Sagarra for marketplace. We're expecting official were this week from the food and Drug administration than it's going to propose a ban on menthol cigarettes possibly slash probably along with some other restrictions on flavored e cigarettes, but announcing a new government policy and getting it done or two totally different things often with a whole lot of time in between as marketplace's Tracey Samuelson explains. When Scott Gottlieb became FDA Commissioner last year, he said he wanted tobacco to be one of the agency's main initiatives, but how quickly could the FDA make real changes? Well, when it comes to flavored e cigarettes, the agency has some wonky enforcement discretion it could use to essentially create a ban says Stephanie Miller with hike capital markets that would force removal of certain products. Lesson until the FDA approved them for those manufacturers to sell again on the market going through the FDA traditional rulemaking process would take much longer in August Commissioner co wrote a blog post saying he wanted to expedite rules around flavored e cigarettes and certain flavored cigarettes at basically move my timeline for completion in my mind from twenty twenty four at the earliest to twenty twenty two at the earliest, and that is me trying to game out how long it will take them to go through all the comments issue. Their proposed rule go through all those comments and issue final rule banning menthol cigarettes would have to go through a similar rulemaking process. Plus any rule the FDA does finalize will likely face legal challenges by the tobacco industry says Joel Lester, the director of tobacco control at the public health Law Center. She points to a two thousand eleven rule that required graphic health warnings on cigarette. Packaging, and then the industry sued and litigation delayed everything and then eventually industry one and. The agency is back to the dry important. She says the FDA still hasn't proposed replacement role. I'm Tracey Samuelson for marketplace. On Wall Street today wasn't just the Dow fell off the table pick favorite index. Probably read. We'll have the details when we do the numbers..

FDA Softbank Tracey Samuelson Scott Gottlieb Stephanie Miller Kenji Kushida Alibaba Uber slack Commissioner Saudi Arabian NYU stern school of business Stanford Asia Pacific founder researcher official Joel Lester public health Law Center
"softbank" Discussed on Equity

Equity

03:16 min | 2 years ago

"softbank" Discussed on Equity

"A no debt will be talking about this at greater length next week, and the meantime, another huge story this week is soft bank's vision fund and its continued spending spree. Danny wanna tell us what happened today, especially, no, absolutely. I mean, talking about a bishop's entrepreneurs and major moguls of the tech space Maza son who runs SoftBank in the vision fund. We learned to this week that he'd actually intends to put out fifty billion in venture capital every year, and it's going to raise a digital hundred billion dollar vision funds throughout the future. And so this is like the week for for SoftBank of, I think we have what three multi hundred million dollar deals from SoftBank. Just today alone across the venture. We had one point, six billion in venture deals announced according to Dan pre MAC, and so so much news to cover. But I think we're going to start with with oil and Indian hospitality company, Alex. Yup. This was the first one to come out this week. We'll get to what happened this morning, which is maybe even crazier, but I have to confess I hadn't even heard of oil which is spelled o why? Oh, all caps a company out of India. I think it's actually founded by Thiel fellow of all things, and they kind of focus on budget issues, but high quality hotel rooms, Charlie, something that we don't have everywhere. So the company has raised a billion dollars more, which is I think we're kind of inured to how much money that is. But SoftBank Bank also took part in a number of its other funding rounds to date. So this is not there. I kind bet on the company must be doing doing quite well. And according to tech Russia's, John Russell, it aggravates budget hotels and hostels across India. And then insurance. They include kind of like WI fi and hush. Hi, showers and things can't people expect. So it's it's a cool play, but the reason why it wasn't just the dollar amount. It was the fact that it doesn't seem to be kind of tack is seems to be kind of a hospitality play. And so I was kind of curious if we were surprised that the vision foam to play someone capital into this company, having one go here later on, I don't think the SoftBank vision fund has ever sort of limited self clearly to tech. Obviously it has a lot of major tech investments. But if you look at some of their other investments in companies like why the dog walking marketplace or Qatar, the construction marketplace, you know, these are tech naval. They're using technology in Qatar case or using some artificial intelligence to improve the supply chain around modular housing. But I don't think it's ever been limited that way when you wanted to deploy one hundred billion, it's exactly spaces like real estate that are going to be able to accept that kind of cap. I. So I actually had a chance to interview one of the managing directors a couple of nights ago, an an an event hosted in the city, and he was talking about south bay. Thanks sort of, you know, long term and growing interest in real estate investors, and he was pointing out that it's a, you know, one point, eight trillion dollar industry. It represents twenty two percent of global GDP and you know, technology can obviously dramatically changed the the cost profile said the quality, the time line to build. And so they're just pouring a ton of their capital into a lot of these sort of businesses that are not sort of asset heavy as you mentioned. Danny. It's sort of, you know, places where software can make the business more efficient..

SoftBank Danny wan India Qatar SoftBank Bank Charlie Alex Dan Thiel WI south bay John Russell Russia hundred billion dollar hundred million dollar eight trillion dollar
"softbank" Discussed on Masters in Business

Masters in Business

02:03 min | 2 years ago

"softbank" Discussed on Masters in Business

"Edging martin or of that entity and yahoo us they also created yahoo korea yahu uk and some other things so there was a really global partnership that was set up and that really was on some level the basis for a lot of soft bank's us and other internet activities really you know that's the flagship investment early on in the softbank story on the internet so it's funny to think of you as a venture investor kush your background is that of an accountant and and maybe it's my bias but i think of accountants as steady riskaverse dotting is and crossing ts and making sure double entry accounting adds up how did you transition from a stayed profession of an accountant to something that's got a touch of cowboy in it yet i'd say a touch of cowboy might be an understatement someday but i guess it takes all types and i actually really enjoyed my time at deloitte and was my background is i was a cpa for a while i was in the accounting and auditing function within within deloitte for six years so i my first six years of my career where there spent i spent an inordinately large amount of time on companies in i think it why it translated to my softbank activities it spent i spent a large amount of my time on companies that were heavily transaction orientated so companies like prime arc that was buying a lot of data service companies at the time a company like hardcore general at the time that was buying harcourt brace jovanovich and neiman marcus and other things so i was i was involved in the assignments that i will ended up being on wor very transactional orientation a lot of acquisitions and they were doing a lot of activity counting skills would come in very handy with that counting skills come in very handy i do find that my background of accounting skills is actually quite helpful with the companies particularly as they scale as they say there's there's there's nothing.

martin yahoo uk accountant deloitte softbank neiman marcus six years
"softbank" Discussed on Equity

Equity

01:32 min | 3 years ago

"softbank" Discussed on Equity

"Um but you know cash they can't get this done that must but the ipo back at least a year right i i can't say i can't get it done it's going to be bad so i think they're going to get it done i think boats anything softbank is it would look bad as a source pointed out to me it would look very very bad for softbank to basically screw over the next crop of millionaires in silicon valley like they want to be on good terms with the next entrepreneurs all than all the upcoming um you know kids obviously people are gonna ultimately leave over some of the early over employee's are going to leave uber and build noon great things in softbank wants to be on good terms of these peoples and it would look bad for them to back down after months of over employs expecting that they could make money from saw thanks again to want to piss all those people off only agree with that entirely is that softbank islami badger of large amounts of they just don't have to carry the first terms this all the old must lift and then discussed at a woman upi done i mean they seem to be added minimum posing as if the two with here but i do i mean but that was one of these ideas were much monitored by yes so i think of going to be interesting to see we'll keep you posted and what happened supposedly the tender offer will kick off in two weeks by giving softbank statement today were it looks like they are going to try to play hardball thank you come back for a regularly scheduled episode later this week all right everyone was a special thanks to our producer torture zone christopher dates our executive producer henry through tonight.

softbank henry softbank islami producer executive producer two weeks
"softbank" Discussed on Equity

Equity

01:45 min | 3 years ago

"softbank" Discussed on Equity

"For his eventual return as the eoe out to the detriment of numerous stockholders employees driver partners and customers that that means they're not friendly no no i don't think they're going to promise to gather i think that's and that yeah hanley used to be friends not anymore and then this dragged on i mean this lawsuit was messy and public and i i mean ironically benchmarks on reputation god drive through month silicon valley for going after a founder which is currently against the the the moore's they've gone push pushback for that by the way a lot of enters are like i don't wanna work with highly quietly they're saying i've heard it from some of them that they don't wanna work with a place like benchmark which that's obviously if they have their pick up a letter when it comes to investing oh is so many founders could be so lucky to during down a benchmark however regardless shows all bureaux their high rate but you know why like if if it cost them even one massive deal like and the next subaru that significant so so if you will in the valley have watched this lhasa very cool closely and so part of the reason for the timing of all of this stuff for the past few days has to do with this lawsuit actually that's been a big holed up here so benchmark in travis who's no longer the ceo haven't been able to put a side their differences by this weekend uh some of that was resolved as long as this softbank deal goes through so basically what it all what they all would it boils down to is that travis had the power to appoint multiple to two board seats in addition to his own that was what kind of what the lawsuit was about originally they didn't want him to have that power but he after lawsuit.

eoe hanley founder moore travis ceo softbank
"softbank" Discussed on Equity

Equity

01:54 min | 3 years ago

"softbank" Discussed on Equity

"There's been numbers that have been flooded and there have been reports forty fifty billion value vision but we don't know um and so in so um basically the deal is while they move forward on this agreement the deal is only happening if casaf bank only want only wants to do it if they own at least fourteen percent of the company we are told by there are a lot of news stories about this yesterday and soften came back today on monday wanting to emphasize the technically they could walk away in bear language on him a statement provided by a softbank investment advisors coo rajiv means for us said after a long and arduous process of several months it looks like uber in its shareholders of agree to commence the tender process and engage with saw thank by no means is our investment to cited we are interested in over with the final deal will depend on the tender price and a minimum percentage zero holding for softbank so they wanted to clarify that they can in fact walk away owner two terms than the can't get enough shares to reach the fourteen percent or two of the price of secondary isn't what they wanted to be is there to kind of hinges on which this deal swings give as a a you know those are the things they would be most likely to cause them to walk away from the deal but i do know people directly involved and and look at this this idea that they would walk away would be very surprising softbank has clearly been very interesting over for a while they have a lot of money to invest in ever fits their investment thesis so it's unlikely that that will happen but i think softbank wants to send a message through the media to over in health care so megotiating here that it they're not going to just by shares for any praise they're not dummies basically owing word employee.

the deal softbank coo rajiv fourteen percent
"softbank" Discussed on Deal of the Week

Deal of the Week

01:51 min | 3 years ago

"softbank" Discussed on Deal of the Week

"Okay so that so few things i want to go over there for battle because it this alliance super cost a lot of information so first of all you mentioned briefly i actually didn't realize this the money is coming from the vision fund at this stage not softbank parent company yet yep okay so the vision fun for people that may not remember is this huge private equity fond that softbank leads and pumps in billions of dollars to but also gets money from other sovereign wealth funds mainly and even a little bit of money from other tech companies like apple and qualcom and uh you know a handful of others that of kicked in let's say a billion dollars the whole fund is a one hundred billion dollar private equity fund and softbank has already uh used this money to make a bunch of small investments in many many many different tech companies um so the way this will work is softbank for my understanding and mrs where i maybe you can help me clarify this era this will be a tender offer any secondary market so you mentioned the one to one point two five billion in uber's last valuation of about seventy billion that aside softbank wants to acquire something lavigne the range of like fourteen to seventy one percent of the entire company from a secondary tender offer where existing shareholders will have the right to sell to softbank now what happens if not enough shareholders agree to sell their shares because they don't want to so the i think the process that everyone seems to think the tender process that seems likely to happen you know softbank offers a.

apple softbank one hundred billion dollar seventy one percent billion dollars
"softbank" Discussed on Deal of the Week

Deal of the Week

01:51 min | 3 years ago

"softbank" Discussed on Deal of the Week

"Okay so that so few things i want to go over there for battle because it this alliance super cost a lot of information so first of all you mentioned briefly i actually didn't realize this the money is coming from the vision fund at this stage not softbank parent company yet yep okay so the vision fun for people that may not remember is this huge private equity fond that softbank leads and pumps in billions of dollars to but also gets money from other sovereign wealth funds mainly and even a little bit of money from other tech companies like apple and qualcom and uh you know a handful of others that of kicked in let's say a billion dollars the whole fund is a one hundred billion dollar private equity fund and softbank has already uh used this money to make a bunch of small investments in many many many different tech companies um so the way this will work is softbank for my understanding and mrs where i maybe you can help me clarify this era this will be a tender offer any secondary market so you mentioned the one to one point two five billion in uber's last valuation of about seventy billion that aside softbank wants to acquire something lavigne the range of like fourteen to seventy one percent of the entire company from a secondary tender offer where existing shareholders will have the right to sell to softbank now what happens if not enough shareholders agree to sell their shares because they don't want to so the i think the process that everyone seems to think the tender process that seems likely to happen you know softbank offers a.

apple softbank one hundred billion dollar seventy one percent billion dollars
"softbank" Discussed on Deal of the Week

Deal of the Week

01:41 min | 3 years ago

"softbank" Discussed on Deal of the Week

"Give the board of the authority to approve he controls his own board seen than to others so he resigns at ceo but he does not resign off the board you yeah and he had an agreed to resign off the board but he basically resigned to certain relinquish a lot of his authority over the board besides you know his own seat there okay so that all happens in june then in july that's when you leave the charge on breaking the first story that softbank may be interested in taking a stake in uber how does that stake even become available to by uber is a large private company it's a little unusual that a large stake in a private company would be acquired in sort of the ways softbank is interested in doing it explain that right i mean the key thing here is that most of this is sort of meant to be secondary this is soft softbank vine out existing shareholders so but uber's had a lot of control over that process so it's been softbank sort of courting major holders which include no benchmark these early investors in obviously travis kalanick has an early holder and saying you know maybe we could make a deal if we buy out some of your stake so it's the idea of there being that benchmark may be unhappy with the company now and may be wanting to sell well that here i think that's that's a huge question there's there's so much spin right now because there's and we'll get to this but you know they're all these pricing questions we i think we have yet to see how much benchmark.

ceo softbank travis kalanick
"softbank" Discussed on Deal of the Week

Deal of the Week

01:41 min | 3 years ago

"softbank" Discussed on Deal of the Week

"Give the board of the authority to approve he controls his own board seen than to others so he resigns at ceo but he does not resign off the board you yeah and he had an agreed to resign off the board but he basically resigned to certain relinquish a lot of his authority over the board besides you know his own seat there okay so that all happens in june then in july that's when you leave the charge on breaking the first story that softbank may be interested in taking a stake in uber how does that stake even become available to by uber is a large private company it's a little unusual that a large stake in a private company would be acquired in sort of the ways softbank is interested in doing it explain that right i mean the key thing here is that most of this is sort of meant to be secondary this is soft softbank vine out existing shareholders so but uber's had a lot of control over that process so it's been softbank sort of courting major holders which include no benchmark these early investors in obviously travis kalanick has an early holder and saying you know maybe we could make a deal if we buy out some of your stake so it's the idea of there being that benchmark may be unhappy with the company now and may be wanting to sell well that here i think that's that's a huge question there's there's so much spin right now because there's and we'll get to this but you know they're all these pricing questions we i think we have yet to see how much benchmark.

ceo softbank travis kalanick
"softbank" Discussed on The Information's 411

The Information's 411

01:30 min | 3 years ago

"softbank" Discussed on The Information's 411

"And it's worth calling on a couple of things on on softbank and the power of money so in southeast asia softbank just put a lot more money into grabbed the you know the right hailing company that competes against uber there and that completely changed the game over there that the fact that the fact that now softbank is is a law you know aligned with with grab and east grab has had tremendous difficulty on the tech side and you know is is really behind who were in many respects but it doesn't matter it doesn't matter because they have this war chests now that is seemingly unlimited and mosses basically saying money will win this in an emerging market in for this type of marketplace money will win and we will win in this way and he's probably right here i in in india the flipkart deal is interesting for part you know the the kind of a amazon or or ebay wanna of of that country although amazon india is a serious player there great and flip court has had immense difficulties immense turnover lots of problems over the years they still have a volume but they've the loose tons of money and this was a down round for them that that softbank went in on a and and i think that the bad is just that you know we plow enough money into this thing and it will last and it will you know it'll it'll figure its way out and there's enough room for multiple players in what will be a huge market.

softbank amazon southeast asia india
"softbank" Discussed on Crunch Report

Crunch Report

01:56 min | 3 years ago

"softbank" Discussed on Crunch Report

"Soft big wants to invest in either who were lift iphone eight mike scan your face you are codes come to then mo and more it's monday august seven and this is crunchers potato orpo tato tomato or tomato a few billion and teuber or a few billion and to lift it's really hard to answer any of these incredibly important questions but softbank ceo masayoshi son has decided to grapple with such quandaries he's thus far not commented on the potato tomato situation but has indicated that he's looking into investment into both lubar and lift well jeez masayoshi thanks for nothing over and lift or i guess more aptly hoover or lift it like the bachelorette if each dude was a multibillion dollar ridesharing startup and there were only two one has a lotta baggage like like a ton actually but he insists he wants to change for the better and improve his culture the other perceived as underdog from the beginning of the season is cue inkind but maybe too much in the adorable sense oh and they both like spending money good luck with that softbank that oubre in lift our share a handful i like you you my face skinned in fact i give the scanned every morning thai keep my settling so magical that's why i was delighted to hear that apple might be out in a face scanning feature to the rumored new iphone eight i help you are found a reference inside home pods for more for rest seemed out pro about unlock smart people tell me this means there will be a face scanner on the iphone that can unlock your phone even in the dark and when the phone is lane on the table this would replace the touch id sensor to make room for more screen really so happy about this not weird at all apples not watching you all my phone rest the circle doesn't exist it can exist everything is completely fine technology is wonderful isn't it.

iphone softbank apple ceo