Ken Kutaragi, 70, wants to make affordable robots that can safely move around and do physical work alongside humans in factories and logistics centers.
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No one has pulled off a buyout anywhere close to SoftBank’s ¥14 trillion valuation.
The firm’s position has injected a jolt of uncertainty into the market, with questions about exposure and plans for future trading.
TikTok is considering selling its operations in several countries after governments shut out the app, citing fears that user data was passing into the hands of China.
Some 927 million shares of SoftBank Corp. will be sold via a global secondary offering, with the unit buying back up to 1.68 percent of its shares for about ¥100 billion.
Cuts in Japan by the online hotel operator come as it adapts to a much smaller tourism industry in the wake of the coronavirus pandemic.