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Apple confirms $1 billion investment in SoftBank tech fund

Softbank has said that it will invest at least $ 25 billion in the fund and is in talks with Saudi Arabia's Public Investment Fund for investment ...

 

Apple confirms  billion investment in SoftBank tech fund

Softbank has said that it will invest at least $ 25 billion in the fund and is in talks with Saudi Arabia’s Public Investment Fund for investment and can be as much as $ 45 billion.

“We believe their new fund and will the speed of the development of technology that can be strategically important to Apple,” company spokesman Josh Rosenstock told Reuters.

Softbank has also said that he planned to do in the future on large scale investments through the technology fund, rather than on its own.

Reuters reported in December, citing sources familiar with the matter, that Apple has held talks with Softbank oor’n investment.

Soft confirmed that Apple investment, says Benjamin Spicehandler, the outside public relations representative for Softbank. He added that Foxconn, Oracle founder Larry Ellison family office and chipmaker Qualcomm has also said that they plan to invest in the fund.

(Reporting by Aishwarya Venugopal in Bengaluru and Stephen Nellis in San Francisco; Editing by Saumyadeb Chakrabarty and Dan Grebler)

Hedge fund manager Einhorn takes Apple campaign to shareholders

 

Hedge fund manager Einhorn takes Apple campaign to shareholders

hedge fund manager David Einhorn, who fights against Apple Inc. before the court in the context of a broader effort to the iPhone maker to get more of his bankroll to share, will now directly call the company’s shareholders.

It will be a conference call to be held on Thursday to the basis of the distribution of perpetual preferred stock claim -. Her favorite way of rewarding shareholders

Einhorn Greenlight Capital

8000000000 dollars to get a court order for a vote of the shareholders on 27 February block “Proposal 2” Circular Apple, which aims to eliminate for issuing preference shares at its discretion.

Apple declined to comment on the Einhorn appeal directly to shareholders. CEO Tim Cook last week rejected the trial as a “ridiculous circus.”

But

Cook said that the idea of ​​issuing preference shares was creative and the Board of Apple, which has been carefully examined, and it focuses on other ways to share $ 137 billion in cash and marketable effects – something Wall Street investors sought for years.

But even as the star of hedge funds try to shareholders of Apple rally in his case, the Nathan Cummings Foundation, which says it is a sponsor of Greenlight funds through its staff, said he was “stunned “Apple Einhorn always vote on Proposition 2 to avoid.

“We have a lot against your decision to the 2013 annual meeting and the vote on Resolution No. 2 to prohibit,” Simon Greer, president and CEO of the foundation, said in a. letter to Einhorn that was obtained by Reuters

In response, Greenlight said in a statement: “This is an old investor who bought We wish them every success.”

. Greer

but later said in an emailed statement that the foundation has remained an investor with GreenLight through a “mutual fund”, without elaborating.