{"id":842688,"date":"2024-08-08T10:30:28","date_gmt":"2024-08-08T05:00:28","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=842688"},"modified":"2024-08-08T10:30:28","modified_gmt":"2024-08-08T05:00:28","slug":"softbank-books-small-quarterly-profit-unveils-3-4-billion-buyback","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/08\/softbank-books-small-quarterly-profit-unveils-3-4-billion-buyback\/","title":{"rendered":"SoftBank books small quarterly profit, unveils $3.4 billion buyback"},"content":{"rendered":"<p>Japanese technology investor SoftBank Group said on Wednesday it plans to buy back a hefty $3.4 billion of its shares, answering in part calls from Elliott Management and other shareholders to bolster its stock price.<\/p>\n<p>Masayoshi Son&#8217;s tech behemoth has been under renewed pressure to purchase shares given that its market capitalisation is far less than the value of its portfolio assets. The pressure comes at a time when SoftBank has been seeking to take a bigger role in artificial intelligence &#8211; albeit with a much 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, answering in part calls from Elliott Management and other shareholders to bolster its stock price. Masayoshi Son&#8217;s tech behemoth has been under renewed pressure to purchase shares given that its market capitalisation is far less than the value of its portfolio assets. The pressure comes at a time when SoftBank has been seeking to take a bigger role in artificial intelligence &#8211; albeit with a much cautious investment stance than in the past after a period of rebuilding its finances.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-842688","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/842688","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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=842688"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/842688\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=842688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=842688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=842688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}