SoftBank's quarterly profit up despite Sprint woes

Nov 5, 2014

SoftBank's quarterly profit up despite Sprint woes

SoftBank’s quarterly profit nearly tripled as gains from the IPO of Chinese e-commerce company Alibaba offset losses at U.S. mobile carrier Sprint. The telecommunications and Internet-services company reported Tuesday a fiscal second quarter profit of ¥483.1 billion, up from ¥165.8 billion a year earlier. ...

Oct 28, 2014

SoftBank unveils smartphone for seniors

by Shusuke Murai

SoftBank Corp. announced Tuesday that the company will release its new smartphone in late November and that its easy-to-use design will be particularly convenient for the elderly. The Simple Smaho 2, developed in cooperation with Sharp Corp., is the company’s second smartphone designed for ...

Oct 28, 2014

SoftBank invests $627 million in Indian online retailer Snapdeal

SoftBank Corp. will invest $627 million in Indian e-retailer Snapdeal.com to tap the growing online market there. The telecommunications company run by billionaire Masayoshi Son said Tuesday it will also lead an investment of $210 million in ANI Technologies Pvt., which runs the popular ...

Son's $51 billion acquisition run faces speed bump

Oct 17, 2014

Son's $51 billion acquisition run faces speed bump

Billionaire Masayoshi Son’s 300-year business plan for SoftBank Corp. sees no pause in acquisitions that saw him splurge $51 billion in five years. Higher interest rates in the U.S. and Japan may put the brakes on his debt-fueled ambitions. SoftBank is Japan’s biggest corporate ...

Oct 14, 2014

Rajeev Misra said to be leaving Fortess for role at SoftBank

Rajeev Misra, a former debt-trading executive at Deutsche Bank AG and UBS AG who joined Fortress Investment Group LLC earlier this year, is leaving for SoftBank Corp., according to three sources briefed on the move. Misra, 52, has not left New York-based Fortress yet, ...

Softbank refuses to confirm DreamWorks bid

Sep 29, 2014

Softbank refuses to confirm DreamWorks bid

SoftBank Corp. refused to comment Monday on reports it is in talks to buy DreamWorks Animation, Hollywood’s biggest independent animated film studio. “We won’t comment on speculation and rumors,” a spokesman said. SoftBank has proposed a deal valuing DreamWorks at $3.4 billion, The Hollywood ...