SoftBank unit behind risky multibillion-dollar tech bets dumps Microsoft, Facebook, Alphabet and Netflix shares

 

 

SoftBank has offloaded shares of U.S. tech giants like Facebook, Microsoft, Alphabet and Netflix, consistent with its latest financial report released on Tuesday.

The Tokyo-headquartered conglomerate invests in publicly listed shares through its SB Northstar trading unit and provides a breakdown of the unit’s portfolio companies in its quarterly results.

Facebook, Microsoft, Alphabet and Netflix were included in SB Northstar’s portfolio at the top of March but were absent from the list at the top of the April-June quarter, suggesting a discount or an entire offload in holdings.

At the top of March, SoftBank had $3.1 billion of Facebook shares, $1 billion of Microsoft shares, $575 million of Alphabet shares and $382 million of Netflix shares. But all four were unlisted in its June report.

SoftBank reduced the dimensions of its stake in Amazon from $6.2 billion to $5.6 billion, consistent with the filings.

In total, SB Northstar held stakes in firms worth $13.6 billion at the top of June, down from $19 billion at the top of March.

A SoftBank spokesperson pointed CNBC to the filings when asked about the offload of tech stocks, but declined to comment further.

Last September, the Financial Times reported that SoftBank was the mystery “Nasdaq whale” buying billions of dollars in call options — which back stocks rising.

The report quoted a source saying SoftBank had been snapping up options in major tech names like Tesla, Amazon, Microsoft and Netflix, potentially driving up valuations within the sector. SoftBank declined to discuss the report at the time.

SoftBank’s overall net income for its fiscal half-moon fell 39% year on year to 762 billion Japanese yen ($6.9 billion) as Chinese regulators cracked down on Alibaba, its biggest bet, and other companies within the portfolio like Didi.

The SoftBank Vision Fund, a fanatical tech investment fund, posted a $2.1 billion profit as companies within the portfolio listed on stock markets.

Microsoft OneDrive Finally Gets 64-Bit Release Allowing Transfer of Large Files, Multiple at a Time

 Microsoft OneDrive has at long last got a 64-digit discharge, the organization reported through a post on its local area page a week ago. OneDrive has been in its 32-digit form since the time its dispatch back in 2007 despite the fact that Microsoft has been making 64-cycle adaptations of Windows for any longer. This new 64-cycle rendition of OneDrive is ideal for utilizing with enormous documents as it can get to more memory contrasted with its 32-bit partner. As of now, Microsoft has not shared a date for general accessibility of OneDrive 64-bit however has expressed that viable gadgets will be consequently refreshed when it dispatches.

A representative at the Microsoft Tech Community shared through a post that the 64-cycle variant of OneDrive is presently accessible for Windows in broad daylight review. OneDrive is Microsoft's cloud-based record facilitating and matching up help that dispatched back in 2007. It has been a 32-bit application from that point forward. Presently, the new 64-digit rendition is accessible for early access and brings some central upgrades over the 32-cycle variant. It ought to be noticed that as of now, direction on number of adjusted documents is equivalent to the 32-cycle form as Microsoft is as yet "surveying execution sway and assessing if there will be any progressions to direction."

On account of the new design, OneDrive will actually want to get to more memory than its 32-bit partner and will permit clients to move enormous records or numerous documents simultaneously. The 64-bit variant of OneDrive can be downloaded from the connection given in the post and Microsoft says clients who will do the switch should ensure that the adaptation they are downloading is something similar or more current than the form they as of now have. Obviously, you should be running a 64-digit variant of Windows to have the option to utilize the 64-bit rendition of OneDrive.

Microsoft prescribes clients running ARM64 gadgets to keep utilizing the 32-digit form.

OneDrive 64-cycle is presently accessible for see and there is no delivery date yet for the overall delivery. Further, at whatever point that occurs, your gadget will be refreshed consequently and there won't be a warning for something similar.

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