SFTBY - SoftBank shares hit 20-year high on Arm tailwind going private rumors

Last week's report that SoftBank ([[SFTBF]],[[SFTBY]]) had returned to its tech options buying spree didn't hurt the company. Shares of the Japanese tech giant closed trading today at 6,955 yen, the highest level since early 2000.SoftBank had neared these highs in August before the first options buying story broke, causing the share price to slide as investors sought more clarity.The company has been climbing up from a March crater, launching a massive $23B program to buy back its own shares and a $43B asset sale.The latest eight-day rally was driven by renewed rumors that SoftBank will go private, and the pending $40B sale of Arm to Nvidia.SoftBank is currently preparing for its annual SoftBank World event, which was delayed until late October due to the pandemic.The company will feature fewer leaders from SoftBank and its investment companies this year, making space from execs from Microsoft, IBM, Adobe, and Zoom Video.SoftBank's investments

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SoftBank shares hit 20-year high on Arm tailwind, going private rumors