SoftBank Corp Reports Solid Guidance and Increases Stake in Yahoo Japan; FVE Increased to JPY 1,200
SoftBank Corp’s 2018 result (quarter-ending March 2019) was slightly below our estimates with revenue increasing by 4.6% and operating income increasing by 12.8%. The company also announced its intention to acquire all of the 1.511 billion new shares to be issued by narrow-moat-rated Yahoo Japan for JPY 456.5 billion, increasing its stake in the company from 12% to 45% and moving to consolidate Yahoo Japan in its accounts from April 1, 2019. The transaction is expected to close by the end of Jun...
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