NEWSWORTHY
SoftBank and Thai telecom firm to launch cheap, fast internet exchange service
SoftBank Group Corp. and True Corporation Public Co. Ltd., Thailand's telecommunications conglomerate, have teamed up to launch an internet exchange service with the aim of capitalizing on growing digital data traffic in the country. BBIX Inc., a wholly owned SoftBank subsidiary, says it has established ...
SoftBank to skip Tesla deal as it focuses on other auto bets: sources
Speculation about who may or may not finance Tesla Inc. CEO Elon Musk's audacious plan to take the carmaker private is distracting deal-makers from a normally quiet August spent in the Hamptons or southern France. As the intrigue enters a second week, with pressure increasing ...
SoftBank mulls major investment in robot pizza startup Zume
SoftBank Group Corp. is in talks to invest from $500 million to $750 million in Zume Inc., a startup that makes and delivers fresh pizzas with the help of robots, according to people familiar with the conversations. Zume owns a patent for delivery trucks capable ...
SoftBank Group Corp. is considering seeking a valuation of about $90 billion for its domestic wireless business in a planned initial public offering, according to sources. SoftBank is speaking to advisers about selling a third — or about $30 billion — of the business in ...
SoftBank's Masayoshi Son in his own words — all 303,513 of them
Masayoshi Son has a lot going on these days. The SoftBank Group Corp. founder oversees the largest technology fund in history and is putting money into ride-hailing, e-commerce, digital payments, satellites, semiconductors, agriculture and cancer detection — just for starters. How to make sense of it ...
Nokia to help with T-Mobile superfast 5G telecom network in $3.5 billion deal
Nokia will help T-Mobile deploy a superfast "5G" mobile internet network across the United States in a $3.5 billion deal, the companies announced Monday. Finland-based Nokia will provide T-Mobile its suite of 5G technology, and help build the telecommunications firm's new-generation nationwide wireless network, the ...
SoftBank to test Japan ride-hailing service with China's DiDi Chuxing in autumn
The Chinese firm’s app will be usable in Japan, allowing tourists to pay using Alipay or WeChat Pay; Visitors from China dominated Japan’s tourism ranks last year, the firms said.
U.S. hedge fund Tiger Global, calling SoftBank undervalued, takes $1 billion stake
U.S. hedge fund Tiger Global has built a stake worth over $1 billion in SoftBank Group Corp. as it considers the Japanese firm to be undervalued, a source with direct knowledge of the matter said, driving SoftBank shares up as much as 6.8 percent. Tiger, ...
SoftBank phone unit makes preliminary application to list shares on Tokyo Stock Exchange
SoftBank Group Corp. said its mobile phone unit has submitted a preliminary application to list its shares on the Tokyo Stock Exchange in what is likely to be the largest initial public offering this year in Japan. The debut of SoftBank Corp. is expected to ...
SoftBank to buy ¥221 billion of Yahoo Japan shares from Altaba
Yahoo Japan Corp. is blunting the impact of a large stock sale by a big shareholder, buying back about ¥221 billion ($2 billion) worth of its shares in a complicated deal with SoftBank Group Corp. The deal was triggered by Altaba Inc., which warned in ...
SoftBank and Baidu units tie up to bring autonomous buses to Japan
A subsidiary of SoftBank Group Corp. and a Japan unit of China's internet search giant Baidu Inc. said Wednesday they have tied up to tap into the Japanese self-driving bus market. Under the agreement, 10 electric minibuses, called Apolong, developed by Baidu and China's Xiamen ...
Handy Japan ties up with SoftBank to provide free smartphones in hotel rooms
Handy Japan Co., a startup providing free-to-use smartphones docked in hotel rooms, announced on Monday a capital tie-up with SoftBank Corp. to boost its service for tourists with "internet of things" technologies. It was just about a year ago when the free handset service, which ...
