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Technology Stocks : Softbank Group Corp -- Ignore unavailable to you. Want to Upgrade?


To: Jonas1 who wrote (5225)6/3/2000 2:47:00 PM
From: swisstrader  Read Replies (1) | Respond to 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.

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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).





To: Jonas1 who wrote (5225)6/3/2000 8:19:00 PM
From: TobagoJack  Respond to of 6020
 
Many were built for money laundering purposes by the Yakuza. They did same in US. Inside Job by Stephen Pizzo, Nary Fricker and Paul Muolo is an excellent belly splitting summer beach read. They tracked the realestate & savings and loan and Japanese Yakuza story before there was a story and got rave reviews.

NYT: a chilling account, cast almost in cinematic terms, of greed and criminality

Barrons: difficult to put down

Jack Anderson: Inside Job is the All the Presidents Men of Saving and Loan ...

Ah, so many golf courses and so much history