How many ECN's are we into ?? Island via Softbank ??
Off Bloomberg this morning--
Softbank Talks About Island ECN Stake Break Down, NYT Says
Tokyo, Dec. 3 (Bloomberg) -- Softbank Corp. has been in
talks to acquire a significant stake in the electronic stock-
trading network Island ECN Inc., though the negotiations have now
broken down, the New York Times reported, citing people who have
been briefed in the talks. Softbank has made a multimillion
dollar offer to purchase the stake from Datek Online Holdings
Corp., which owns about 85 percent of Island. Officials at Datek
and Softbank declined to comment, and executives briefed on the
agreement said Softbank, which owns large stakes in E*Trade Group
Inc. and Yahoo! Inc., was expecting to bring those companies in
on the purchase, the paper said.
Softbank booked a 14.9 billion yen ($145 million) profit on
the sale of stock in its e-commerce subsidiary Softbank
Technology Corp., reducing to 76.76 percent from 80.12 percent
its stake in a holding seen by some analysts as overvalued.
(NYT 12/3 C1) |
