NEWSWORTHY
Twitter's former CFO joins SoftBank-backed farming startup Plenty
Twitter Inc.'s former chief financial officer has joined SoftBank Group Corp.-backed Plenty Inc. in the same role as the indoor farming startup prepares for international expansion and improvements to its vertical growing technology. Mike Gupta helped take Twitter public in 2013 and left for Docker ...
SoftBank and Toyota in talks to invest $1 billion in Uber's self-driving unit: sources
A group of investors led by SoftBank Group Corp. and Toyota Motor Corp. is in talks to invest $1 billion or more into Uber Technologies Inc.'s self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar ...
T-Mobile's proposed $25.5 billion Sprint deal draws flak from U.S. Democrats concerned about prices
T-Mobile US Inc.'s proposed $26.5 billion purchase of Sprint Corp. came under congressional scrutiny for the second time in as many months, with Democrats warning that the merger between two of the nation's top four carriers could lead to higher prices for consumers. "I'm deeply ...
Leading Southeast Asian ride-hailing provider Grab raised about $1.5 billion from SoftBank Group Corp.'s Vision Fund, bankrolling its effort to expand into new services across the region. The funding brings the amount of money the company has collected from investors in the past year to ...
With first launch in space-based internet project, Airbus and OneWeb aim for new satellite era
A rocket carrying six satellites built by Airbus SE and partner OneWeb blasted off from French Guiana on Wednesday, the first step in a plan to give millions of people in remote and rural areas high-speed internet beamed down from space. A successful launch could ...
Japan's top three mobile carriers and Rakuten apply for 5G band allocation
The country's three major mobile carriers and e-commerce operator Rakuten Inc. have applied for the allocation of a mobile phone frequency band to introduce next-generation 5G wireless services, the communications ministry said Tuesday. The Ministry of Internal Affairs and Communications will review plans by NTT ...
Keep the pets happy, clean the apartment in style and walk for your money. On Tech looks at home tech with a little extra something.
SoftBank fund invests $940 million in Silicon Valley startup's self-driving delivery vehicles
A Silicon Valley startup working on self-driving delivery vehicles has announced nearly a billion dollars in fresh funding from the SoftBank Vision Fund. The $940 million in financing from SoftBank brought the total amount of funding raised by Nuro to more than $1 billion, with ...
Masayoshi Son: Betting big and winning
There's a well-known anecdote about Masayoshi Son, the maverick billionaire founder and chief executive of SoftBank Group Corp. and the man behind the world's largest technology investment fund.
SoftBank Group reports 62% jump in operating profit, rising to record high
SoftBank Group Corp. on Wednesday reported robust earnings for the April-December period, crediting positive returns on investments in other businesses and ventures. The group’s operating profit rose to a record ¥1.85 trillion, a rise of 62 percent compared to the same period the previous year. ...
PayPay to launch second rebate campaign valued at ¥10 billion
Japan-based smartphone payment service provider PayPay Corp. says it will launch another campaign Feb. 12 to give its users reward points worth a total of ¥10 billion. The campaign by the joint venture between SoftBank Group Corp. and Yahoo Japan Corp. will provide shoppers with ...
SoftBank's giant debt burden looks worse than it actually is, analysts say
As SoftBank Group Corp. continues its transformation into a giant investment fund, some analysts are increasingly watching a metric more familiar to lenders as they judge its creditworthiness. And by that gauge, they say, its massive debt pile looks manageable. SoftBank's loan-to-value ratio, its net ...
