{"id":842417,"date":"2024-08-08T09:22:56","date_gmt":"2024-08-08T03:52:56","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=842417"},"modified":"2024-08-08T09:43:41","modified_gmt":"2024-08-08T04:13:41","slug":"softbank-to-buyback-3-4-bn-worth-shares-amid-pressure-from-investors","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/08\/softbank-to-buyback-3-4-bn-worth-shares-amid-pressure-from-investors\/","title":{"rendered":"SoftBank to buyback $3.4 bn worth shares amid pressure from investors"},"content":{"rendered":"<p>Japanese technology investor SoftBank Group said on Wednesday it plans to buy back a hefty $3.4 billion of its shares, an action called for by shareholders including Elliott Management to bolster its stock price. <\/p>\n<p>The logic for Masayoshi Son&#8217;s tech behemoth to purchase its own shares has grown as its market capitalisation is far less than the value of its portfolio assets. The impetus comes at a time when SoftBank has been seeking to take a bigger role in artificial intelligence &#8211; albeit with a much more cautious investment stance than in the past after a period of rebuilding its finances.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japanese technology investor SoftBank Group said on Wednesday it plans to buy back a hefty $3.4 billion of its shares, an action called for by shareholders including Elliott Management to bolster its stock price. The logic for Masayoshi Son&#8217;s tech behemoth to purchase its own shares has grown as its market capitalisation is far less than the value of its portfolio assets. The impetus comes at a time when SoftBank has been seeking to take a bigger role in artificial intelligence &#8211; albeit with a much more cautious investment stance than in the past after a period of rebuilding its [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-842417","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/842417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=842417"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/842417\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=842417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=842417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=842417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}