Globalstar Inc (GSAT)

[grandslam68]

Sprint's parent company in the news.

A Titan's Pledge Will Test Bankers
The New York Times
LANDON THOMAS Jr.
11 January 2017

Many business titans have made the trek to Trump Tower for a private audience with Donald J. Trump since he was elected president, but none have made a bigger splash than Masayoshi Son, the billionaire telecommunications entrepreneur.

''Ladies and gentlemen, this is Masa of SoftBank of Japan and he has just agreed to invest $50 billion in the U.S. and 50,000 jobs,'' Mr. Trump said, wrapping an arm around the beaming Mr. Son last month.

That pledge suggested a wave of money pouring into technology start-ups in Silicon Valley. And it is part of a hugely ambitious $100 billion investment fund -- the SoftBank Vision Fund -- that Mr. Son announced in October.

Yet bankers who are advising the SoftBank fund say that more than three-quarters of the fund's resources will be directed toward larger investments in private and public markets, rather than into start-ups.

That could mean swooping in to grab a piece of an undervalued technology company trading on the stock exchange or doing a large-scale private equity deal.