Overclock.net - An Overclocking Community - View Single Post - [TomsHardware] Softbank Sells Entire $3.6 Billion Nvidia Investment

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post #27 of (permalink) Old 02-09-2019, 06:48 AM
Defoler
Performance is the bible
 
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A few things that are missing from tom's report:

1. Softbank has 36B$ in debt but hold 227B$ in equity. And they wanted to reduced the debt, hence selling stocks or reducing funds (like 14B$ less investment in weworks for 2019).
2. Softbank bought the nvidia shares at 105$, so they still made a lot of money selling them for 218$ as they had a protection plan (granted not the same if they sold them at 294$ at peak).
3. They sold shares they hold on different companies at 23.5B$ to fund buybacks they are in the process of purchasing.


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