SoftBank Group said it would buy back up to 1 trillion yen ($8.8 billion) of its own shares within the next 12 months. The Japanese investment giant announced the buyback plans as it reported a quarterly net loss due to sharp declines in its shareholdings in Chinese ride-hailing giant Didi Global and South Korean e-commerce firm Coupang. The company said it would buy back as many as 250...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has...
Twitter Valued at $20 Billion in New Employee Stock Grant
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