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Stock Market & Financial Investment News

News Breaks
July 21, 2013
17:57 EDTSFTBF, ALBCFNext Softbank catalyst is Alibaba.com IPO, Barron's says
The Alibaba.com (ALBCF) IPO, expected in September, is the next big catalyst for Softbank (SFTBF) and as Alibaba's valuation increases, Softbank's valuation grows as well, Barron's reports in its International Trader column. Reference Link
News For SFTBF;ALBCF From The Last 14 Days
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July 1, 2015
07:14 EDTSFTBFFormer Deutsche Bank CEO in talks with Softbank for executive role, NY Post says
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June 26, 2015
06:17 EDTSFTBFGoogle Ventures, Softbank invest in Yieldify, Business Insider reports
Google Ventures Europe (GOOG) and Softbank (SFTBF) have invested $11.5M into Yieldify, an e-commerce startup that "helps online retailers convince people to buy products online," Business Insider reports. Google Ventures partner Avid Larizadeh Duggan will join Yieldify's board as part of the fundraising. Reference Link
June 24, 2015
18:24 EDTSFTBFAlibaba close to buying 20%-26% Micromax stake for $700M, Economic Times says
Micromax is nearing a deal to sell roughly 20%-26% of the company to Alibaba (BABA) for approximately $700M, reports the Economic Times, citing three people familiar with the matter. One source noted that Softbank (SFTBF) -- a major Alibaba shareholder -- may participate in the deal. Reference Link
June 22, 2015
08:27 EDTSFTBFSoftbank, Foxconn, Bharti to form JV for renewable energy in India
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06:17 EDTSFTBFSoftbank sold 1,000 units of robot Pepper within one minute, WSJ reports
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June 18, 2015
08:14 EDTSFTBFYahoo Japan invests ‘undisclosed amount’ in Monk’s Hill, TechCrunch says
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05:22 EDTSFTBFAlibaba, Foxconn Technology reach agreement to invest in Softbank Robotics
SoftBank (SFTBF), Alibaba Group (BABA) and Foxconn Technology announced an agreement under which Alibaba and Foxconn will each invest Y14.5B in SoftBank Robotics Holdings, or SBRH, the SoftBank Group’s intermediate holding company responsible for its robotics business. Under the agreement, upon the completion of the investment by Alibaba and Foxconn, SoftBank’s SBRH share ownership ratio will become 60%, and Alibaba and Foxconn will each hold ownership stakes of 20%. SoftBank, Alibaba and Foxconn will build a structure to bring Pepper and other robotics businesses to global markets, and cooperate with the aim of spreading and developing the robotics industry on a worldwide scale.

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