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Stock Market & Financial Investment News

News Breaks
February 25, 2014
06:11 EDTSFTBFSoftbank wants stake in Line Corp., Bloomberg reports
SoftBank Corp. wants to buy a stake in Line Corp., based in Tokyo, the mobile-messaging service controlled by South Korea’s Naver Corp., sources say, reports Bloomberg. Line has received at least one other offer for all or some of the company, slowing its preparations for an IPO, sources added. Line may be valued at as much as $14.9B, according to BNP Paribas estimates. Reference Link
News For SFTBF From The Last 14 Days
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January 26, 2015
06:44 EDTSFTBFSoftbank awaiting Yahoo announcement on Alibaba, WSJ says
Yahoo's (YHOO) upcoming announcement regarding its 15% Alibaba (BABA) stake and 35.5% Yahoo Japan stake may affect Softbank's (SFTBF) plans for Alibaba, reports the Wall Street Journal's Digits blog, citing an SMBC Nikko analyst. Sprint (S)-owner Softbank has a 32% stake in Alibaba and a 43% stake in Yahoo Japan. Analysts say Softbank is unlikely to purchase Yahoo's shares in either company, though a Yahoo Japan buyback is "more plausible." Reference Link
January 20, 2015
06:06 EDTSFTBFDreamWorks planning to lay off 'substantial' number of staff, LA Times reports
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