SoftBank At Robin Hood Conference: Looking For The Next Alibaba

Rupert Hargreaves

Published onNovember 3, 2020

Updated on November 3, 2020

Softbank has spent most of its 2020 fighting fires. The Japanese conglomerate and its founder, Masayoshi Son, have struggled with legal battles, volatile markets, and reputational issues over the past 12 months.

The Covid-19 pandemic nearly bought the company to its knees. To restore investor confidence in the junk-rated tech-focused conglomerate, the group announced a $41 billion sale of assets to return to stability earlier in the year.

This plan seems to have worked, for now at least. The conglomerate has managed to meet solvency concerns, and it's now once again looking to the future.

SEE MORE ROBIN HOOD COVERAGE HERE

Softbank Masa Son — Image source: YouTube Video...

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

SoftBank At Robin Hood Conference: Looking For The Next Alibaba

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