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© 2020 AFPSoftBank to sell up to $41 bil in assets to buy shares, reduce debt
By Kazuhiro Nogi TOKYO©2024 GPlusMedia Inc.
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© 2020 AFP
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Satedaya
I don't think there will be bankruptcy. BoJ will print money to bail them out. Same as in America in Europe.
wtfjapan
Sounds like a firesale before bankruptcy.
sorry too big to fail, just like in American, not that Im saying this is a good thing , but whats good for the gander is good for the goose!?
wtfjapan
I don't think there will be bankruptcy.
here lies the problem, when certain companies reach a critical mass and have 100000s of staff or are a flagship company for a certain country , they almost always get bailout to avoid an embarrassment. This is why this big corporations take these risks because they know the if the get into trouble they can bribe oops lobby hard to get the governments to bail them out courtesy of the taxpayer.
commanteer
It's the worst kind of socialism. The profits are privatized to be enjoyed by the largest stockholders, but the losses are socialized and spread out among ordinary working people. I hope one silver lining of the coming disaster is that people wake up and insist these companies be allowed to fail. The politicians and company presidents benefit so much from this, though, it's hard to see a change until the people become angry and organize.
Kaerimashita
Hmmmmm... Who's gonna buy? What are they looking to sell? after the WeWork debacle I think many are going to look at their "assets" way more critically.
not sure this signals a company in trouble (but could be wrong). More likely they want cash to buy up proper companies once this current panic has passed.
Satedaya
Well we all know that.
Government wants to be in power so every time when Big Corporation is on the edge they will bail them out. If people would get fired government would lose support.
Big Corporations knows they will be supported by government so they dont care about taking risk. Stocks, retirements plan etc. just take risk to make more money.
Banks want to keep system in place because they are in control of Corporations and Government. If one of them has a problem they are bailed out by BoJ that can print so much money its unbelievable.
They all know that regular people will pay the price, actually middle class will pay. Rich will not get poor. Poor or homeless doesn't have anything so you cant get a dime from them. Just the middle class and their lifetime savings being untouched for now on their accounts.
The end is coming soon.
JJ Jetplane
More like fear and uncertain of the future so you are drastically reducing your exposure.
Xeno Man
With the current situation of Paul Singer attacking Softbank, I think it may not be a reality. American investment funds will aggressively attack and acquire the control of Softbank at all cost. With the current political leniency of Shinzo Abe, he may have paved the way for foreign investors to make a presence in Japan. If Japan dares to enact a legislation to bar foreign investors like in China, Shinzo Abe will risk Trump's wrath.
TARA TAN KITAOKA
Wow, again it is politics ???.
JeffLee
@Xeno Man
Well, then, touche. Softbank "aggressively attacked and acquired control" of ARM, Britain's top IT firm that designs CPUs for most of the world's devices. With any luck, a UK investor will take back ownership of ARM.
Tom
Does this mean more dividends for the shareholders and bigger bonuses for the executives like happens in the rest of the corporate world when one's own stocks are bought back in mass?
Xeno Man
Well, that is not how free market works. UK can no longer have that power due to Thratcher.
CoconutE3
Day of reckoning has come to over zealous leadership and corporation. Other companies with this kind of management should watch and learn if it'll sink or swim all the while circled by sharks that smell blood in the water.