anyy: does it signify change in the relationship between softbank and alibaba?he stake ownership from 28% to 32%, so there's not a huge change their. the two ceos sit on each other's boards. i don't think it's going to change. they like each other. i don't think you should read too much into this apart from softbank meeting to shore up its financials little bit. that: here's a company paid $20 million for their shares of alibaba 14 years ago. meanwhile, they spent $22 billion to buy sprint not too long ago, so they have been moving money around for top if you have a $30 billion again on a $20 billion investment selling eight alien dollars worth, it would probably be appealing. when you say that there's something almost overlapping in these companies at this point? their businesses are not exactly did rent. e-commerce,gth in the other owns a bunch of web related properties, but you are right. there are good buddies in asia. relationship will continue and softbank is using toopportunity to cash out and wend its buyback will have to see how it develops from here. r

structured well for softbank, sounds like. so i don't know. i would think pressure on alibaba. >> after an after-hours trade we're down only 2%. people are certainly not frightened by the move, or feeling that the skids are being put under the stop. >> i also point out, i just looked at it, i didn't look at alibaba all day. but i see it traded four times normal volume today. so i'm not sure quite what that means. i don't know if people were -- >> china's shares were active earlier. >> i will say to karen's point, the headline risk in this stock to me is still towards the down side. it's trading well given what you just talked about. i'd let the shakeout before i get back into it. >> it seems all these investigations are coming back. you go over a year ago and look at this stock and start to look at all of the fraudulent things sold on that. now all of a sudden it gives softbank an opportunity to get themselves into a position where they're taking off some of that leverage they had on in there. >> it's still at 28%. >> importantly, it's still t

he joined softbank in september 2014 after serving as senior vice president for google. he's been holding his current position since june last year and is considered a likely candidate to succeed chairman and ceo. the company paid arora a total of about $150 million at current rates including a signing bonus in fiscal 2014 before coming to his post. a credit research firm says the highest renumeration for a japanese corporate executive in fiscal 2014 was about $49 million. all right. that's the latest in business for this hour. i'll leave you with a check on markets. >>> senior officials from japan, the united states and south korea plan to immediate in tokyo next wednesday to discuss north korean issues, the meeting will be the first among the three countries since north korea's workers ruling party held the first congress in 36 years in early may. # japan will be represented by the foreign ministry's asian and oceanic affairs chief, the united states special envoy and south korea's special envoy for north korea, and special representative for korean peace and security

what can we read into the softbank results?seems to be such a drain on them. >> that's right. sprint remains a thorn in their side. but the recovery seems to be on track. the company has made real exoduss in stemming the of subscribers. and they're really working on cutting down costs. but it is a process that even they have acknowledged themselves will take several years. earlier this year, he says he sees the light at the end of the tunnel. when all is said and done, it is not clear whether sprint will be worth a $22 billion price tag softbank paid for it in 2013. those shares are worth half that much. scarlet: take a look at jcpenney. this is the market reaction after it said it missed on revenue. lowering its gross margin growth for the year. this was supposed to be a turnaround story. macy's and kohl's posting numbers that did not match the estimates. what is going on? >> first of all, there is the weather issue. but it is much more than that. nordstrom called out last night that their full price business was doing fine bu

people at softbank and cic believe grab is positioned.you share how much you raised in the last round? anthony: in total, close to $700 million. emily: do you plan to continue to raise money to fund your expansion? anthony: we are always open to great investors and great partners all throughout the world. peoplewe have seen like softbank being very bullish about southeast asia and grab. emily: did, for example, is said to be targeting an ipo next year. what about you guys? anthony: grab right now really targets at building more value, building the greatest, biggest mobile tech company. we have bold ambitions. we try to find how to build great partners. ipo's is one of the many options for us. in 2014 thatid grab might consider in ipo when the number of rides books reaches 2 million a day. where are you now and would you reiterate that today? anthony: today, we are doing quite a large number of transactions. emily: 2 million? anthony: not 2 million yet, but we do see, again, ipo is one of the many options on the table. emily: ok. we have b

softbank is reportedly considering the sale of its stink -- stake in a gaming company. cell at more than $5 billion. softbank board -- bought a majority stake in the helsinki-based developer for $1.5 billion in 2013. a developer has received a takeover offer from certain members of the companies founding family. billion -- $195 million. in a tradingeen hall in singapore since may 10. plenty more to come here on bloomberg tv. you are watching "trending business." stay with us. ♪ ♪ top stories this hour. stocks going to a two-month low after an economic slowdown and a drop in credit card also near march lows. commodity produces are looking at declines in shanghai. it will highlight the policy makers trying to sustain growth. and we are told that -- is targeting an ipo next year and it could put the ridesharing service ahead of the u.s. rival uber in going public. ddle put $1 billion in two and it has boosted the valuation to around 26 value -- $26 billion. alibaba is also the key investor. on 11% this year after a $368 million hit from negative interest rates paid they ex

a company affiliated with the telecon giant, softbank. they saw and commented on the deal. >> translator: the investment was for business purposes. we are doing business under the global rules of competition. if those rules change, then naturally my firm will abide by them. >> the name of major trading house was also named in the documents. >> translator: there was absolutely nothing illegal. panama is a financial hub. so it was a business decision based on that and other reasons. >> and the president of e-commerce firm rakutan is also mentioned in the data. the company quoted him ace saying the offshore account was not set up to avoid taxes, but was an investment, adding there was no wrongdoing. he explained he doesn't believe there's a problem because if s he makes money, he'll pay taxes based on japan's rule. nhk has interviewed individuals listed in the papers man who runs a dry cleaning shop in tokyo says he has no idea why his name was included. he says he has never been involved in overseas trading another man in his 70s says he ha

moving in the next hour or so, so they will be blocking some of the main roads that go through the softbank in paris. is one ofhere expectation because there are seven trade unions that will come out to protest today, and it is a big, big test of the trade unions. two months of protest so far. last week, there were few in numbers on the streets and it was quite clear the protesting movement was beginning to weaken and there is more unrest between the protesters and police. it will be interesting to see how it unfolds today, because it is a test for the trade unions today. annette: we have president hollande saying that the government will not back down from the labor reform. claire: absolutely. very defiant french president. thiss on french radio morning, saying he wanted to be a president that would be remembered. downemembered for backing the trade unions but for standing up for something. this is the last year of his five-year term, so he wants to go down in history. the president is defiant, but so are the protesters. the protesters said earlier, look, they said they were not listening

let's get to japan now, where we are getting numbers from softbank.an update to the markets, softbank said that fourth-quarter operating profits is coming in a 124.2 billion yen. they are basically missing their four year profit estimate, but are raising their dividends. this was against the next location of 576.5 billion yen. on the operating profit line, they are a touch above estimates, but not quite such a margin. yen, based around their argentinian unit. this is an area of focus. they do not give a full year forecast, like many other japanese businesses. talk about the reporting season europe. in munich clarifying their guidance to the markets. thank you for joining us. you have said that your guidance is 2.3 billion euros. that is reduced from the range to $2.3 billion. you thought the previous range was ambitious. >> yes, we are quite confident that we will achieve it. the reason why we made it more precise, a more precise prognosis, is because when we gave the prognosis of 2.8 billion euros wiese subtracted charges. now we take it in that that

softbank group was up as it saw a profit of more than $9 billion. they had strong domestic operations and cost savings at its u.s. subsidiary sprint. japan display had a loss of $290 million for the year that ended in march. the supplier saw sales dented by sluggish demands for iphone. as we continue, investors will keep their focus on company results and as well as the movements in the japanese currency. >> thanks very much for that. moving on to other markets in the asia-pacific region. the shanghai composite was up. the food and pharmaceuticals sector saw gains. analysts say many market players were cautious after recent media reports the government may limit stimulus measures. taiwan's taiex fell. shares in the philippines jumped once again, up by 3.09%, stretching a rally there to a second day following the presidential election. hong kong's index slipped. the financial and real estate sectors led the losses. sidney was up. it climbed to a nine-month high after oil prices rose overnight. here is a look at some of the other business stories we'r

softbank owns equity shares in alibaba which announced it's being investigated by u.s. sec over its accounting practices. turning to currencies. traders sold the dollar to lock in profits. the dollar-yen pair f fell belo the 110 yen mark during trading hours. investors are looking for clues about a rate hike on friday. and of course they'll follow the g7 summit closely to see what leaders have to say about the global economy. >> thank you very much for that. many other markets in the asia-pacific region ending higher. sentiment improved. hong kong's hang seng gained by 1.4%. sydney up by 0.3%. in china, the shanghai composite gained 0.3% to finish at 2822 for the closing number. trading volume remained thin as many investors were cautious about the country's economy. singapore's index gained by .24% after the latest data showed that industrial output for april grew a the fastest pace in nearly two years. japanese government officials want retailers to tackle the growing problem of data theft from credit cards. they plan to require stores nationwide to install i.c. chip

people like softbank and cic believe that grab is positioned to ride that wave. >> how much have youin your last round? >> in total, it is close to $700 million. >> how do you continue to raise money to fund your expansion? >> we are always open to great investors and great partners all throughout the world. today we have seen people like softbank really being very bullish about southeast asia and about grab. >> so, didi, for example is said to be targeting an ipo next year. what about you guys? >> grab, right now, really targets at building more value, building the biggest and greatest mobile tech company. we are always thinking of how to find great partners. ipo's is one of the options on the table for us. 's shares up, hpe' surge this week. what the deal means for the business. smartphonesoft's business. is this the right move for the company? ♪ >> shares in hp enterprise have been riding high this week after the company says it is merging its troubled business with science corp. this is the half of the old hewlett-packard that focuses on servers and storage for customers. we spok

today, we have seen people like softbank being bullish about southeast asia and grab.ly: didi, for example, is scheduled to target and ipo next year. what about you guys? anthony: right now, we are targeting to build more value and we have bold ambitions. we always think of how to find great partners. obviously, ipo's is just one of the many options on the table for us. emily: my interview with grab ceo, anthony tan. -- hpe sawa pe shares surge this week. what it means for business and the ceo. plus microsoft hits a deck on , the smartphone business with job cuts planned for the department. is this the right move for the company? we will discuss, next. ♪ emily: shares in hp enterprise -- y: emily: shares in hp enterprise have been riding high this week after the company said they are spinning off the troubled services business and merging it with computer science corp. in an $8.5 million deal. it focuses on service and storage for customers. we spoke with our analyst for more details. what is your first takeaway on this deal, is this something expected? >> no, it was n

softbank is reporting sales at stake, and a finish gaining company super cell.gains and they have buyers in china. they could value super cell at more than $5 billion. soft bake bought a majority stake. to enter theooking film business according to a saudi news. news.hi they are in talks with multiple production companies around the world, and aiming to complete the first movie in the next two to three years. the report does not indicate what nintendo's first film might be about but it would be targeting the gaming market. japan's new reading against key data. we will check this out with j.p. morgan analysts. ♪ haidi: stories making headlines around the world. beijing has criticized the u.s. report on land reclamation saying it hypes up the military threat. the defense ministry says the annual assessment will distort china's national defense policy, adding washington is just too sufficient. the report handed to congress says china is weaponize in the island in order to have control of the area without resorting to conflict. bangladesh says a swift interbank mess

what's going the happen to the softbank deal? how real are the synergies for a buyer like verizon? so, there's a whole different set of issues with yahoo! but i think, you know, you can say the same of twitter, too. comps are basically hard and right now it's a negotiation. >> sure. >> basically will verizon bid up for it? >> you know, negotiation, what they should have done way back when, jon? microsoft wanted to buy them. >> for 30 -- >> ugh, ugh, ugh! what's microsoft saying, woof. did we dodge that bullet. holy smokes how things can turn. what do you think about the valuation here? >> they caught the nokia bullet right in the gut. i think jessica's exactly right about the difference of twitter and yahoo!. i mean, twitter, yes, the users not growing but revenue has been. the team doing a good job. figure there's some ways to exploit data ways they haven't before. yahoo! on the other hand, that cow is milked. they have all kinds of ways to make money, probably milked yahoo! mail too much. when e-mail just really wasn't the way to go revenue-wise anymore. is it valuable for compan