SoftBank heir apparent Arora to resign over succession timeline

Jun 21, 2016

SoftBank heir apparent Arora to resign over succession timeline

A former Google executive who was seen as the heir apparent to the founder of mobile communications giant SoftBank has resigned because of a conflict over the timeline for his succession, the company announced Tuesday. SoftBank had just hours earlier cleared Nikesh Arora after ...

SoftBank gets serious about tackling debt with asset sales

Jun 6, 2016

SoftBank gets serious about tackling debt with asset sales

After years of acquisitions saddled SoftBank Group Corp. with record debt and weighed down its stock, founder Masayoshi Son is getting serious about improving the company’s balance sheet. SoftBank has announced a series of asset sales as part of a broader effort to re-examine ...

SoftBank to raise $8.9 billion from Alibaba sale

Jun 2, 2016

SoftBank to raise $8.9 billion from Alibaba sale

SoftBank Group Corp. said Thursday its sale of Alibaba Group Holding Ltd. stock will raise $8.9 billion, an infusion of cash that can be used to strengthen the company’s balance sheet and allow it to act fast when making strategic investments. Alibaba is paying ...

SoftBank's Pepper robot becomes Android friendly

May 19, 2016

SoftBank's Pepper robot becomes Android friendly

by

SoftBank Robotics Corp. said Thursday it has expanded opportunities for app developers to use Google’s Android platform for its humanoid robot Pepper. It hopes to encourage more programmers to develop apps for the device. An Android-ready Pepper model will go on sale in July, ...