New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 19, 2014
07:52 EDTSFTBF, YHOOYahoo Japan drops plan to buy eAccess from Softbank
On March 27, Yahoo Japan (YHOO) announced in that it would purchase shares of eAccess from SoftBank (SFTBF). However, as a result of in-depth discussions following the announcement, the Board of Directors of Yahoo Japan Corporation decided in a meeting held to cancel the purchase of eAccess shares and conversion to a consolidated subsidiary. After the announcement on March 27, Yahoo Japan Corporation and SoftBank held further in-depth discussions on the mutual use of networks, service design, etc., coming to a deeper mutual understanding of the details of the Transaction. As a result, Yahoo Japan Corporation came to the conclusion that rather than converting eAccess to a consolidated subsidiary and building an infrastructure on its own, it would be better to develop the business by employing the strengths of each company, with Yahoo Japan Corporation responsible for services and eAccess for infrastructure. Consequently, the Transaction has been cancelled. eAccess and WILLCOM, Inc., are still scheduled to merge with an effective date of June 1.
News For YHOO;SFTBF From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
August 27, 2015
06:33 EDTYHOOYahoo announces Tumblr sharing tools at Mobile Developer Conference
Subscribe for More Information
August 25, 2015
06:13 EDTYHOOThird Point, FTC settle over antitrust filings for 2011 Yahoo stake
Three affiliated hedge fund companies and their management company, Third Point LLC, have agreed to settle Federal Trade Commission charges that they violated premerger reporting laws in connection with their 2011 acquisitions of stock in Yahoo! Inc. The complaint alleges that Third Point Partners Qualified L.P., Third Point Ultra, LTD, and Third Point Offshore Fund, LTD failed to observe the filing and waiting requirements of the Hart-Scott-Rodino Act before purchasing shares in Yahoo. According to the complaint, the three defendant funds claimed that they were exempt from reporting to the U.S. antitrust authorities because the purchases were made solely for investment purposes. At the time of the stock purchases, however, defendant Third Point LLC, which made investment decisions on behalf of the funds, was taking actions inconsistent with an investment-only intent, such as communicating with third parties to determine their interest in becoming the CEO or a board candidate of Yahoo. Under the terms of the proposed stipulated five-year federal court order, the defendants are prohibited from relying on the investment-only exemption if they have contacted third parties to gauge their interest in joining the board of the target company, communicated with the target company about proposed candidates for its board, or engaged in other specified conduct in the four months prior to acquiring voting securities above the HSR Act threshold. In this case, the agencies determined not to seek civil penalties based on several factors, including that the violation was inadvertent and short-lived, and this was the defendants' first violation of the HSR Act.
August 24, 2015
08:51 EDTSFTBFNetflix confirms partnership with SoftBank ahead of Japan launch
SoftBank Corp (SFTBF) and Netflix (NFLX) confirmed that SoftBank, among Japanese telecommunications companies, will exclusively offer a fully integrated Netflix experience, including billing, when Netflix Japan launches on September 2. Under the agreement, SoftBank customers will be able to sign up for Netflix at SoftBank Shops, major electronics retailers, via the SoftBank website and via SoftBank call centers without filling out payment information, with Netflix's monthly fee added to their bill. In addition, SoftBank will begin pre-installing the Netflix app on its smartphones for sale after October 2015.
06:07 EDTSFTBFNetflix partners with SoftBank ahead of Japan launch, Japan Times reports
Subscribe for More Information
August 19, 2015
18:07 EDTSFTBFSoftBank COO to purchase Y60B stake in company, expected to succeed CEO
Subscribe for More Information
17:25 EDTSFTBFSoftBank leads $1B investment round for online lender SoFi, WSJ says
Subscribe for More Information
07:41 EDTYHOOYahoo price target lowered to $56 from $62 at Cantor
Subscribe for More Information
06:13 EDTSFTBFSnapdeal secures $500M in investment round led by Alibaba, Softbank
Subscribe for More Information
06:05 EDTSFTBFSoftbank to invest in geothermal power generation, Nikkei says
Softbank subsidiary SB Energy will invest in developing renewable energy, extend construction and operation from PV and wind power to geothermal power generation, reports Nikkei News earlier this week. SB Energy already intends to build 27 huge megasolar power plants across Japan by fiscal 2017, and it also has plans for two wind farms. The company expects to begin construction of the plant in one to two years and launch operations by 2020. Reference Link
August 18, 2015
18:35 EDTSFTBFSoftbank increases Sprint stake by roughly 16.8M shares
Subscribe for More Information
11:34 EDTSFTBFSprint rises on plans to abandon two-year contracts
Sprint shares are higher this morning after the company's chief executive officer said that the carrier plans to move away from two-year contracts. WHAT'S NEW: In an interview with The Wall Street Journal, Sprint CEO Marcelo Claure said that the company will stop offering two-year contracts by the end of 2015 in favor of a "smartphone lease" model. Sprint began offering a lease option last year, The Journal noted, and Claure said the carrier is planning to move entirely to that model by the end of the year. As part of its shift, Sprint yesterday unveiled iPhone Forever, a new leasing plan that starts at $22 per month for an iPhone. WHAT'S NOTABLE: In a similar move earlier this month, Sprint rival Verizon (VZ) said it would drop phone subsidies and two-year contracts for new customers. T-Mobile (TMUS), another market rival, abandoned contracts over two years ago, leaving AT&T (T) as the only major U.S. carrier still offering to subsidize new smartphone purchases. Separately, Softbank (SFTBF), Sprint's primary stakeholder, disclosed last week that it increased its holdings in the company to approximately 80%, though the company said it does not plan for its stake in the carrier to exceed 85%. Meanwhile, a study released Tuesday by RootMetrics, an independent company that evaluates wireless networks, shows that Sprint is improving its network, having solidified third place nationally in overall performance, surpassing T-Mobile for the second consecutive six-month stretch. PRICE ACTION: Sprint is up 7c, or 1.52%, to $4.67 in morning trading.
06:08 EDTSFTBFeBay expected to announce sale of some of Snapdeal stake, Re/code reports
Subscribe for More Information
August 17, 2015
19:29 EDTYHOOFacebook tests expanded blog capabilities, CNET says
Facebook (FB) is testing an expanded version of its "notes" feature, allowing users to include large background photos in the blog-like service, reports CNET. The new look puts the service more in line with Yahoo's (YHOO) Tumblr blogging platform, said the report, and a Facebook spokesperson remarked that the test aims to "make it easier for people to create and read longer-form stories on Facebook." Reference Link
13:34 EDTYHOOBuzzFeed and Yahoo Japan in JV, FT reports
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use