SoftBank Group Corp is planning on spending $4.8 billion to buy 7% of their own shares back. This is the second major buyback of its own shares as they try to rise up. The company's biggest investment fund is $100 billion on Vision Fund. Many analysts have recommended the company to spend money on share buybacks rather tech investments. As of now there has been a stop for a second massive Vision Fund as they would like to see better results.
The article was interesting due to the idea of spending so much money on young companies to help them succeed but dramatically fail. Now they are searching for ways to help return money to shareholders and have money to invest on others.
https://www.wsj.com/articles/softbank-to-buy-back-up-to-4-8-billion-in-shares-following-pressure-from-elliott-11584068498?mod=hp_lead_pos6
Your choice of article seems interesting because of the idea being discussed in it. The option of buyback of shares for SoftBank may not sound appealing to us the readers, but it is something already in practice in the market before. Companies do that to capture the market lost by them earlier. However, such a practice raises some eyebrows as well as it may seem unfair to competitors.
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