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Softbank

Uber SoftBank deal: valuation, price analysis

Uber has lost $22 billion in value in the last year

December 28th, 2017

SoftBank, a Japanese tech and telecoms consortium, has acquired a 13-15 percent stake in Uber, according to the Wall Street Journal. The deal is good news for SoftBank, which has been trying to get a stake in Uber for years, and good news for the ride-sharing company, which should see an immediate influx of much-needed cash. …

boston dynamics softbank

Google finally sold Boston Dynamics, and all its insane robots

June 9th, 2017

Inventor of all manner of awe-inspiring and uber-creepy robots, Boston Dynamics has finally found a buyer. SoftBank, the Japanese Google-alike which has been on a buying spree of late, just announced that it has acquired Boston Dynamics from Google for a undisclosed sum, but you can bet it wasn’t cheap.

President Trump vs. Apple iPhone

Trump might move iPhone manufacturing to America after all

December 7th, 2016

President-elect Donald Trump has said time and again that he wants to convince Apple to make iPhones in America. At least some of them. Talking to Apple CEO Tim Cook about the matter after his big win, Trump reiterated his desire to see Apple manufacture products in America. While it’s too early to actually see …

SoftBank Pepper robot

The affordable robot assistant of the future is already here

June 5th, 2014

SoftBank CEO and Sprint chairman Masayoshi Son has become something of a maverick. He said he bought Sprint because “I am a man, and every man wants to be number one, not number two or number three.” He also convinced Steve Jobs to give him exclusivity for the iPhone in Japan before Apple had even announced the …

SoftBank Supercell Investment

Why is a Japanese carrier paying $1.5 billion for half of a Finnish app vendor?

October 15th, 2013

Japanese carrier SoftBank and GungHo just paid $1.5 billion for a 51% stake of Supercell. What the heck is going on? Valuing Supercell at $3 billion is actually a lowball. Supercell has consistently generated more revenue than “Candy Crush Saga” creator King in recent months. Supercell has cracked a very difficult market in Japan, with “Clash of …

SoftBank Credit Downgraded

Sprint merger expected to close this week as SoftBank is downgraded to junk

July 8th, 2013

SoftBank’s credit has been downgraded following the FCC’s approval of its acquisitions of Sprint and Clearwire, which SoftBank said it expects to close on July 10th. Standard & Poor’s cut the company’s credit rating from a BBB grade to a BB+ junk rating, Bloomberg reported. The agency citied SoftBank’s “exposure to intense competition in the U.S. …

Sprint SoftBank Clearwire Deals

FCC approves SoftBank merger with Sprint and Clearwire

July 5th, 2013

The U.S. Federal Communications Commission on Friday approved SoftBank’s acquisition of Sprint. The agency also gave Sprint the green light to purchase the remaining 49% of Clearwire it did not already own. Sprint shareholders previously approved SoftBank’s offer of $21.6 billion in cash and stock for an 80% stake in the company. The carrier’s deal to acquire the rest of Clearwire …

Sprint SoftBank Merger FCC Approval

Sprint-SoftBank merger reportedly on track for quick FCC approval

July 3rd, 2013

Long-struggling wireless carrier Sprint is about to get a much-needed dose of good news. Unnamed sources tell Bloomberg that a majority of commissioners at the Federal Communications Commission support SoftBank’s $21.6 billion acquisition of Sprint, thus paving the way for Sprint to have the investment resources it needs to compete with rivals Verizon and AT&T. …