Want CNET to notify you of price drops and the latest stories?
No, thank you Accept
X
Apple WWDC: What We ExpectBest Mattress DealsAssessing Viral Sleep HacksNetflix Password SharingMeal Subscription vs. TakeoutBest Solar CompaniesVerizon 5G Home InternetBest Credit Cards

Short Take: Softbank buys 27% share in E*Trade

Online investing service E*Trade Group announced it has completed the sale of $400 million of common stock to Softbank, one of Japan's largest software distributors. Softbank purchased 15.6 million newly issued E*Trade shares at $25.56 per share, acquiring a 27.2 percent stake in the online investing service. Softbank also owns 31 percent of Web portal Yahoo and 35 percent of online community GeoCities.

true
Online investing service announced it has completed the sale of $400 million of common stock to Softbank, one of Japan's largest software distributors. Softbank purchased 15.6 million newly issued E*Trade shares at $25.56 per share, acquiring a 27.2 percent stake in the online investing service. Softbank also owns 31 percent of Web portal Yahoo and 35 percent of online community GeoCities.