For this edition of ValueTeddy’s Write-ups, we are taking a look at what is probably one of the more complicated business I have come across. It is SoftBank, which has become a tech giant under the visionary leadership of Masayoshi Son. SoftBank trades on the Tokyo stock exchange under ticker 9984, and there are ADRs in the US on the OTC markets under ticker SFTBY. Masa founded SoftBank in 1981, and has been its CEO ever since. Currently he is probably most famous for having a 300 year time horizon, investing very heavily in future technology such as AI, telecom, e-commerce, and semiconductors.
As with Baba stake, TMUS is a litle bit more complicated. Deutsche Telekom, majority owner of TMUS, holds ITM (structured) call options to buy SBG's TMUS shares. Thus 'At 145$ per share the T-Mobile Holdings totals 15.37 billion USD' is not 100% correct - difference is insignificant, though, but highlights the many complex structures.
Good write up!
As with Baba stake, TMUS is a litle bit more complicated. Deutsche Telekom, majority owner of TMUS, holds ITM (structured) call options to buy SBG's TMUS shares. Thus 'At 145$ per share the T-Mobile Holdings totals 15.37 billion USD' is not 100% correct - difference is insignificant, though, but highlights the many complex structures.
(I own SoftBank Group shares)