SoftBank's US$150 billion Alibaba warchest in spotlight

By on
SoftBank's US$150 billion Alibaba warchest in spotlight

A stock and a hard place.

SoftBank CEO Masayoshi Son threw cold water on Wednesday on the idea of cutting his firm's US$150 billion (A$223 billion) stake in e-commerce giant Alibaba, after prominent activist investor Elliott Management called for big buybacks. The emergence of New York-based Elliott as a SoftBank ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
alibaba finance softbank

Most Read Articles

NBN Co sees 250Mbps take-up rise after price cut

NBN Co sees 250Mbps take-up rise after price cut
ANZ and CBA push for consolidation of EFTPOS, BPAY and NPP

ANZ and CBA push for consolidation of EFTPOS, BPAY and NPP
Aussie Broadband lets customers 'kick' own connection

Aussie Broadband lets customers 'kick' own connection
Broadband tax bill gets senate committee green light

Broadband tax bill gets senate committee green light
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Driving business innovation through private cloud solutions
Driving business innovation through private cloud solutions
Future proofing your datacentre with hyperconverged infrastructure
Future proofing your datacentre with hyperconverged infrastructure
The Network for the Digital Business Starts with the Secure Access Service Edge (SASE)
The Network for the Digital Business Starts with the Secure Access Service Edge (SASE)
Are you getting profitable outcomes from your IT?
Are you getting profitable outcomes from your IT?
Your Microsoft Security journey starts here
Your Microsoft Security journey starts here

Events

Log In

Username / Email:
Password:
  |  Forgot your password?