Koki Nagahama/Getty ImagesTOKYO (Reuters) - Japan's SoftBank has agreed to buy ARM Holdings for 23.4 billion pounds ($31 billion), the Financial Times reported on Monday, citing two people familiar with the negotiations.
Marissa Mayer’s impending decision on a possible sale of Yahoo’s ownership stake in Alibaba is of special interest to Japan’s Softbank Corp management, according to Eric Pfanner of the Wall Street Journal. Although Softbank sold a majority of its Yahoo holdings, both companies’ futures are somewhat interdependent, as they hold substantial stake in Alibaba and Yahoo Japan.
In an article in Forbes, Eric Jackson of Ironfire Capital LLC said that after talking with large shareholders of Yahoo! Inc. (YHOO), he speculates that the struggling search engine company will be acquired by either Chinese e-commerce giant Alibaba Group Holding Ltd or Japan-based Softbank Corp (SFTBF).
The past year has been nothing short of amazing for Netflix Inc. (NASDAQ:NFLX). Its shares surged a handsome 134%, making it the top performer at the Standard & Poor 500 Index. Investors, it seems, aren’t worried about the online streaming veteran’s top and bottom line numbers as of now. They believe that will come later, when its rapid expansion phase starts to kick in.
By Zvi Bar:According to the Nikkei newspaper, Softbank Corp (SFTBF) and (SFTBY), Japan's third largest mobile phone company, is in talks to buy a controlling stake of Sprint Nextel (S) for more than 1 trillion yen, or about $12.8 billion. Softbank replied to certain media coverage by stating that: