SoftBank increases stake in Sprint with ¥10.86 billion investment

Aug 13, 2015

SoftBank increases stake in Sprint with ¥10.86 billion investment

SoftBank Group Corp. said Thursday it has invested another ¥10.86 billion ($87 million) in Sprint Corp., underscoring billionaire founder Masayoshi Son’s commitment to turning around the money-losing U.S. wireless carrier. The Japanese telecommunications and Internet business group bought 22.9 million Sprint shares at an ...

May 22, 2015

Yahoo Japan names SoftBank's Nikesh Arora as chairman

Yahoo Japan Corp. has announced that Nikesh Arora, vice chairman of its biggest shareholder, SoftBank Corp., will replace Masayoshi Son as chairman, subject to shareholder approval at the company’s annual general meeting in June. Son, who has been chairman since July 1996, will remain ...

SoftBank posts record profit, reveals potential successor

May 12, 2015

SoftBank posts record profit, reveals potential successor

SoftBank Corp. said Monday it posted a record group net profit for the fifth consecutive year last fiscal year and its top executive described a former Google Inc. executive as a possible successor to run the Japanese telecom giant in future. SoftBank’s group net ...

Japan's billionaires reap windfall from BOJ's October surprise

Nov 6, 2014

Japan's billionaires reap windfall from BOJ's October surprise

The Bank of Japan’s unexpected stimulus has already made the country’s richest even wealthier, adding more than $3 billion to the four top billionaires’ net worth. Fast Retailing Co. Chairman Tadashi Yanai, Japan’s richest person, saw his fortune grow by about $2 billion in ...

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 ...