NEWSWORTHY
SoftBank sticks to IPO price despite market drop and network outage
SoftBank Group Corp. set the final price for the ¥2.65 trillion initial public offering of its Japanese telecom business at its original target, underscoring its confidence in judging demand as it deals with fallout from a major network outage and a global stocks rout. The ...
Ericsson boss apologizes for 'faulty software' behind huge SoftBank service disruption
Swedish communications giant Telefonaktiebolaget LM Ericsson said a problem with its software caused Thursday's massive telecommunication disruption that affected SoftBank users across Japan. People were unable to make emergency calls to report a fire or request an ambulance as the phone and data connection trouble ...
SoftBank mobile services disrupted ahead of bumper IPO, sending shares downward
SoftBank Group Corp. apologized Thursday for disruption of its mobile phone services, saying they were fully recovered by 6:04 p.m. the same day, the cell phone operator said Thursday in a statement. The problem came less than two weeks before the telecommunication giant's mobile unit, ...
SoftBank Group Corp.'s ¥2.4 trillion ($21 billion) initial public offering for its Japanese telecommunications unit has successfully secured sales for the bulk of its shares to individual investors, sources have said. The lead underwriters, which had set a target of about ¥2 trillion worth of ...
SoftBank to invest $2 billion in Coupang, S. Korea's largest online retailer
SoftBank Group Corp.'s Vision Fund will invest $2 billion in South Korea's Coupang, giving the e-commerce giant funds to accelerate development of new shopping and delivery services. Founded in 2010, Coupang is South Korea's largest online retailer and sells more than 120 million items from ...
SoftBank's new robot Whiz skips the chit chat, gets to work mopping office floors
SoftBank Group Corp. is introducing a new robot that, unlike the talkative Pepper, skips the chit chat and just mops the floor. Whiz, an autonomous floor-cleaning machine for businesses, will go on sale in Japan in February, the company announced Monday. The 32-kg machine is powered ...
SoftBank Group Corp. is continuing to push money into one of its biggest investments: WeWork Cos. The New York-based co-working company signed a $3 billion warrant with SoftBank, WeWork said Tuesday in a discussion of its third-quarter earnings. SoftBank agreed to pay $3 billion to ...
SoftBank unveils ¥2.4 trillion IPO for Japan mobile telecom business
SoftBank Group Corp. is seeking to raise ¥2.4 trillion in the initial public offering of its domestic telecommunications operations scheduled for Dec. 19. The technology conglomerate plans to sell 1.6 billion shares at ¥1,500 apiece, it said in a statement Monday. The IPO price range ...
The carriers need to continue their efforts to improve their services while reducing the charges for consumers through more efficient operation and use of their resources.
Japan's pro sports clubs see investment boost ahead of 2020 Games
Japan's professional sports clubs are attracting a wave of investment, as a fitness club, clothing chain operators and entrepreneurs look to cash in on the sports world's potential ahead of the 2020 Games. At the training camp of J. League first division soccer side Shonan ...
SoftBank Group Corp. is seeking to raise a record ¥2 trillion ($18 billion) from Japanese individuals in the initial public offering of its mobile phone unit, targeting investors who often get no interest on their savings, sources have said. Nomura Holdings Inc., a joint global ...
SoftBank profit soars as Masayoshi Son begins to benefit from tech deals
But the Vision Fund’s connections with Saudi Arabia are raising concerns.
