NEWSWORTHY
SoftBank CEO Masayoshi Son, the Saudi crown prince and a $22 billion test of values
Masayoshi Son has already paid a price for his close ties to Saudi Arabia. It could soon go much higher. Shares in Son's SoftBank Group Corp. plummeted the most in more than two years Monday after Saudi Arabia came under fire for the disappearance of ...
Turkish crime scene investigators dressed in coveralls and gloves entered the Saudi Consulate in Istanbul on Monday, nearly two weeks after the disappearance and alleged slaying of Saudi writer Jamal Khashoggi there. Police officers carrying files and equipment walked through the heavy metal doors of ...
SoftBank considering purchase of majority stake in WeWork: source
The co-working startup is raising additional capital to accelerate its expansion, according to a source, in a deal that could total $15 billion to $20 billion.
Toyota and SoftBank to integrate mobility and AI in new venture
The two industry titans said they are setting up a new joint venture to develop autonomous driving technologies and other on-demand services.
SoftBank bets $400 million on housing market startup Opendoor
Opendoor, which has already raised billions to buy homes over the internet, just landed another large investor: the SoftBank Vision Fund. The fund, part of SoftBank Group Corp., is investing $400 million in Opendoor, whose flagship service uses home-pricing algorithms to make rapid, all-cash offers ...
Parent-subsidiary listings under closer scrutiny of Japanese investors
Companies listed on stock exchanges along with their subsidiaries have come under closer scrutiny by investors due to continuing concerns over corporate governance. Such listings serve a dual purpose for parent companies, as they can maintain their influence over subsidiaries and at the same time ...
A joint venture between SoftBank Corp. and China's DiDi Chuxing launched a taxi-hailing service in Osaka Prefecture on Thursday. The service, operated by DiDi Mobility Japan Corp. and accessible using a free smartphone app, is aimed at visitors to Japan and others. Under the service, potential ...
Going against a global trend, Japan lags on boardroom diversity: study
The "old boys club" in the boardroom is alive and well — and most prevalent among the biggest Japanese and Chinese companies. French businesses meanwhile offer the most gender diversity on their boards of directors, according to a Bloomberg analysis of the boards of the ...
Altaba looks to raise $4.3 billion by selling remainder of its Yahoo Japan stake
Altaba Inc., the holding company formed from the overseas investments not purchased by Verizon Communications Inc. in its acquisition of Yahoo Inc., will raise about $4.34 billion by selling its entire stake in Yahoo Japan Corp. The company increased the size of the deal to ...
What would a 40% cut to phone bills mean for Japan's mobile carriers?
Japan's mobile carriers have come under government scrutiny for high phone bills that have helped bring years of enviable profit margins and given them a combined market value of more than $250 billion. One of the most senior figures in government raised the possibility of ...
Mobile phone operators take ¥1 trillion blow after Suga says bills could be cut 40%
Wireless carriers tumbled in Tokyo after the government's spokesman said they have room to cut phone bills by about 40 percent, sparking concern that lawmakers will renew a push for greater competition in a sector dominated by three big players. The declines wiped about ¥1 ...
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 ...
