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. …
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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-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 …
Whether it’s an iPhone or an Android device, your mobile phone is powered by ARM-based chips, and the company keeps improving their architecture. ARM is to mobile what Intel is to desktop when it comes to chips, and it’s the reason why you don’t see Intel dominating the mobile business. With all that in mind, …
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 …
Nearly one-third of households in the United States have either no choice for home broadband Internet service, or no options at all. The frightening statistic comes from a presentation given to the U.S. Chamber of Commerce this week by SoftBank CEO Mayoshi Son, and it cited data provided by the Federal Communications Commission this past December.
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’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. …
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 …
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. …