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> exploiting Benchmark’s desire for an exit Does that imply that they'll be buying Benchmark's stock, rather than employees'? > SoftBank is getting extremely
by simonrobb 9y ago
> exploiting Benchmark’s desire for an exit
Does that imply that they'll be buying Benchmark's stock, rather than employees'?
> SoftBank is getting extremely cheap debt at the moment
That sounds like some interesting background to the deal, please expand if you have more detail!
- linkregister 9y agoSoftBank raised $93B in equity from investors. It also issued about $5B in bonds in July, as well as a large amount of loans from Japanese and East Asian banks (over $25B). The rates are extremely favorable despite the high risk associated with SoftBank's investments. I'm bullish on SoftBank, but it's indisputable that it's gotten a hell of a deal. The upside for the banks is they get their principal + interest back. The downside for the banks is that they lent the cash at low-risk rates for high-risk assets.