Sony announces 1st ever share buyback worth $910 million

The move is clearly aimed at boosting shareholder returns. On Friday, Sony Corp announced its first-ever major share buyback worth $910 million (100 billion yen). With the news reaching the market, its stock recovered from a hammering from investors who were spooked over its lackluster earnings. Sony’s announcement marked Japan’s second major buyback this week:…

Phillip Frost settles SEC stock manipulation charge for $5.52 million

Phillip Frost, 82, who according to Forbes magazine is worth $1.9 billion, was charged by the SEC, along with other defendants, of defrauding investors and made $27 million in improper gains. He has now settled the SEC charge by paying $5.52 million. Phillip Frost, Florida’s biotechnology billionaire has agreed to settle with the U.S. Securities…

SoftBank’s share fall by 10% on their stock market debut

Investors worries include SoftBank Corp’s exposure to Huawei. SoftBank has stated it plans on replacing its Huawei-provided 4G network equipment with those of other suppliers – an expensive and time-consuming affair. In a rare development, shares of Japan’s SoftBank Corp fell by more than 10% on debut as investor appetite for what has been Japan’s…

Cloud-security firm Netskope raises $169 million in latest funding round

The funding round saw Netskope’s valuation top more than $1 billion. The cloud-security firm will utilize the funds to expand its R&D, sales and data centers. Netskope, a cloud-security firm, said it has raised $169 million in its latest fundraiser which valued it at more than $1 billion. Netskope will channelize the funds to expand…

SoftBank’s mobile unit listing on Tokyo Stock Exchange on Dec. 19: DealWatch

DealWatch’s report, citing anonymous sources, have named Nomura Holdings, SMBC Nikko Securities, JP Morgan, Goldman Sachs, Deutsche Bank, among the global coordinators for whats is likely to be Japan’s biggest ever IPO on November 12. According to a report from DealWatch, citing unnamed sources, SoftBank Group Corp’s mobile unit is expected to win an approval…