There’s no end in sight to what now looks to be a clear tit-for-tat between PayPal and SoftBank, the parent company of American mobile operator Sprint.
ByteDance, which owns video clip sharing app TikTok, raised $3.0 billion last year in additional funding from a group of investors including SoftBank (SFTBF), according to Bloomberg.
Grupo Aeroportuario del Centro Norte (OMAB MM, 15.31%), which operates 13 airports in Mexico and handles roughly 15% of domestic air travel according to Morningstar, was the top contributor to International Moat Index returns in July.
According to China Daily, citing data compiled by McKinsey, China is poised to be the world’s largest market for driverless vehicles in the next decade.
In this series Activist investor Dan Loeb’s fund, Third Point Partners LP, disclosed some of the positions traded during 3Q14 in its 3Q investor letter. In this series, we’ll go through the details of these positions and Third Point’s rationale for adding or exiting its stakes. In its 3Q letter, the fund said it “continued […]
Sprint (S) has gone through a lot of ups and downs over the last few years. The company continues to lose money and its subscribers continue to migrate towards Verizon (VZ) and AT&T (T).
Despite the presence of a number of players, the sheer size of Verizon and AT&T gives the market structure a duopolistic character—smaller players like Sprint (S) and T-Mobile (TMUS) haven’t been able to match the larger players for size, resources, and scale.
Masayoshi Son, Chairman and CEO of SoftBank Corp. (SFTBF) and chairman of Sprint (S), has been pushing for more consolidation in the telecom sector in the U.S.
