Feb 10, 2016

SoftBank profit down 88% amid Sprint struggle

SoftBank Group Corp., which is struggling to turn around its U.S. wireless carrier Sprint Corp., posted an 88 percent drop in third quarter profit. Net income fell to ¥2.3 billion ($20 million) in the three months ended Dec. 31, from ¥18.7 billion a year ...

Aug 19, 2015

SoftBank beefs up Sprint stake with second purchase this month

SoftBank Group increased its stake in Sprint Corp. a second time this month, acquiring ¥7.51 billion($73 million) of stock in the unprofitable U.S. wireless operator. The Japanese carrier paid for 16.8 million shares, according to Bloomberg calculations based on a SoftBank filing with the ...

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 unveils new smartphone developed with Sprint

Aug 19, 2014

Softbank unveils new smartphone developed with Sprint

SoftBank Corp. unveiled on Monday a new smartphone developed with U.S. subsidiary Sprint Corp. to cut procurement costs and strengthen its product lineup. Manufactured by Sharp Corp., the first handset developed with the third-largest U.S. mobile phone carrier goes on sale in Japan on ...

Sprint names new CEO after dropping bid for rival T-Mobile

Aug 7, 2014

Sprint names new CEO after dropping bid for rival T-Mobile

Sprint’s new owner is replacing its longtime CEO with a Hispanic billionaire and entrepreneuer after dropping its bid for rival wireless carrier T-Mobile US. Marcelo Claure, the CEO of Miami-based cellphone distributor Brightstar, will replace Dan Hesse on Monday, Sprint Corp. said Wednesday. Claure, ...

Jul 18, 2014

Softbank picks Google's Arora to head Internet business unit

SoftBank Corp., the wireless carrier led by billionaire Masayoshi Son, has hired Google Inc.’s Nikesh Arora to help steer its global expansion. Arora will join as vice chairman in October after nearly a decade at Google, including time as the search company’s chief business ...

Son's bid for T-Mobile faces huge antitrust hurdle

Jun 6, 2014

Son's bid for T-Mobile faces huge antitrust hurdle

Masayoshi Son, head of SoftBank Corp. and Sprint Corp., won’t be able to ride the regulatory coattails of pending U.S. telecommunications deals if he decides to buy T-Mobile US Inc. Regulators are preparing to vet proposed acquisitions worth more than $45 billion each from ...

Jun 5, 2014

Sprint and T-Mobile zero in on $31 billion buyout deal

Sprint Corp. is nearing an agreement on the price, capital structure and termination fee for an acquisition for T-Mobile US Inc. that could value the wireless carrier at almost $40 a share, sources said. Sprint, 80 percent owned by SoftBank, will offer about 50 ...

Son seeks U.S. price war, T-Mobile

Mar 11, 2014

Son seeks U.S. price war, T-Mobile

Masayoshi Son, the Japanese owner of U.S. mobile carrier Sprint, said Monday he wants to launch a “price war” with the two major carriers as he seeks to acquire T-Mobile’s U.S. unit. Son, the tycoon whose SoftBank company holds a controlling stake in Sprint, ...