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Technology Stocks : Softbank Group Corp

SFTBY 61.21

+2.4%

Nov 19 3:59 PM EST

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To: Jonas1 who wrote (5225)	6/3/2000 2:47:00 PM
From: swisstrader	Read Replies (1) of 6020

From CBS MarketWatch: Softbank tightens grip on Nippon buy By Janet Haney, CBS MarketWatch Last Update: 1:55 PM ET Jun 3, 2000 NewsWatch TOKYO (CBS.MW) -- According to published reports, Internet investor Softbank is on its way to buying bankrupt Nippon Credit Bank Ltd. Today on CBS MarketWatch Nasdaq ends week 600 points higher U.S. payrolls show biggest drop since '91 Net Stocks: Buyers storm into sector Microsoft can't escape antitrust trial in Canada Alaska Airlines shares fall after FAA move More top stories... CBS MarketWatch Columns Updated: 6/2/2000 5:03:08 PM ET Reuters and Bloomberg both reported that Japanese media said Tokyo-based Softbank has agreed on terms from the Japanese government. Reuters said the Financial Reconstruction Commission along with the Softbank-led consortium ended a deadlock, causing the Wednesday deadline for the deal's conclusion to slip by. The consortium includes Orix Corp. (IX: news, msgs) and Tokio Marine & Fire Insurance Co. (TKIOY: news, msgs), Bloomberg said. A final deal could come as early as next week, the reports said. Nippon Credit Bank traditionally lent money to small-and-mid-sized businesses. Softbank invests in computer-related ventures and is also Japan's No. 1 software and hardware distributor. The company owns nearly 70 percent of media firm Ziff-Davis (ZD: news, msgs).

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