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SoftBank execs discuss making the $112bn company private
SoftBank has relaunched discussions as part of an effort to redefine the company’s strategy following a series of big asset disposals. Photo: Charly Triballeau/AFP via Getty Images SoftBank (9984.T) executives are reviving talks around taking the business private as valuations for its varied investment portfolio continue to be driven lower by the market. Tech giant SoftBank owns stakes in several technology, energy, and financial companies. Founder and CEO Masayoshi Son and his management team have relaunched discussions as part of an effort to redefine the Japanese holding company’s strategy following a series of big asset disposals, according to The Financial Times. This includes its highly praised deal to sell off…
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A-Rod, J-Lo reportedly making ‘last-ditch’ effort
The Mets’ sale process, being overseen by Allen & Company, is ongoing. Here’s the latest… Sept. 11, 2:59 p.m. Despite the fact that Steve Cohen is finalizing terms to purchase the Mets and is expected to be approved by MLB owners in November, the group led by Jennifer Lopez and Alex Rodriguez is refusing to give up hope. According to Charles Gasparino of Fox Business, J-Lo and A-Rod are adding more “sweeteners” to their “last-ditch” effort to purchase the team, which includes Marc Lore of Walmart now pledging hundreds of millions of dollars. Gasparino added that this is part of an effort to convince MLB owners to reconsider approving Cohen in November.…
