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It's weird, according to the FT they only want the capital to finance share buybacks. So, basically, they want to prop up their share price.
by jakey_bakey 5y ago
It's weird, according to the FT they only want the capital to finance share buybacks. So, basically, they want to prop up their share price.
- HWR_14 5y agoI didn't see that article, but that seems to be a two-step process for SoftBank to sell their shares on the open market without spoiling the market by public ally divesting themselves of shares. They sell new shares, then use the money that generates to buy a percentage of SoftBanks shares.
- avidphantasm 5y agoThis is why financial engineering and ultimately all Money-Money transactions are ultimately nihilistic and boring. Who cares how much money you have if you aren’t doing new/innovative/interesting things?
- perfopt 5y agoYou are right. They want to buy back shares. But it is also true that some of their bets like Didi and Wework did not do well. Also, they have money invested in China which seems stuck (just like many others I suppose).
- dannyw 5y agoyes, that is the core premise of a company.