Softbank, the giant Japanese investment group that has made huge bets on the sharing economy, is looking to cut its stake in Alibaba, according to reports. And possibly in Sprint too. On Monday, Ma…
Softbank, the giant Japanese investment group that has made huge bets on the sharing economy, is looking to cut its stake in Alibaba, according to reports. And possibly in Sprint too. On Monday, Masayoshi Son, founder and CEO of the heavily indebted Softbank, said that he would raise or monetize $41 billion of assets, in [...]As the world attempts to slow the spread of the coronavirus pandemic, the entertainment industry has come to a near standstill.
Things were looking grim for Spanish sports fans heading into the country’s second weekend under a government mandated lockdown, and grimmer still for those with rights to broadcast the nation’s favorite game of football. An early outside-the-box idea materialized when football league La Liga, Banco Santander, Spanish broadcaster Movistar Plus and eSports celebrity Ibai hosted [...
Last week, Better Than Ezra frontman raised $40,000 for MusiCares’ coronavirus relief fund simply by performing a virtual concert on Facebook and clicking a box on the site. Asked how he did it, Griffin tells Variety: “I organized the event myself. I saw that the artist, Molly Tuttle, had done a Facebook live event that [...]
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SoftBank shares jump 20% on record buyback announcementSoftBank Group Corp stock jumped 20% on Tuesday, extending a run that b...
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SoftBank plans $41 billion of asset sales to expand buyback and cut debtSoftBank said it plans to raise as much as $41 billion to buy back shares and reduce debt in an unprecedented move
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SoftBank to Sell $41 Billion in Assets, Plans Big Share BuybackSoftBank said it planned to sell up to $41 billion of its assets to buy back shares and redeem debt, in an unprecedented move to combat the tumbling price of its stocks and bonds.
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The Rush for Funds to Stay AfloatCompanies are looking to tap credit lines, cut costs and bring in more money to make it through the COVID-19 shutdown.
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At Alibaba's Lazada, coronavirus measures become the latest culture conflictSingapore-based Lazada's latest coronavirus measures have led to widespread anger among staff and illustrate how Alibaba’s business practices have sometimes played poorly abroad and hindered its overseas ambitions by QiZHAI f_potkin
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Coronavirus live updates: US surpasses 26,000 cases as Senate negotiates massive stimulus package; New Jersey, Hawaii join in restrictionsMillions of Americans are facing stay-at-home orders. Senators are still negotiating a stimulus package that would send Americans payments of $1,200.
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