Feeds

Softbank strikes distribution deal with Ingram

Japanese giant stiffens home operations as ZD takes a hit

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

Softbank Corp, the Japanese company controlled by Masayoshi Son ("the Bill Gates of Japan") and which owns 71 per cent of Ziff-Davis Inc, 35 per cent of Geocities, and 31 per cent of Yahoo, signed an agreement with Ingram Micro this morning to cooperate on distribution. As part of the arrangement, there will be an exchange of $50 million shares in each company. Softbank shares on the Tokyo exchange rose 4 per cent to yen 5,150. Softbank is the largest software distributor in Japan.

Last month Softbank's acquired an unquoted Japanese brokerage as part of its move to process online financial transactions in conjunction with E*Trade KK, a joint venture with the US E*Trade parent. Meanwhile, Ziff is experiencing difficulties, and decided last week to close three trade mags, and terminate 350 staff (10 per cent). This follows a Q4 profit warning and a 28 per cent fall in the share price last week. Lower ad revenues were blamed. Ziff floated this year at $15.50, but reached a low of $3.625 last week. In an act that was too little too late, Ziff reduced the option price for employees to $6/share to reflect the fall in its share price.

Ziff is considering an Internet spin-off, but is rather late in coming to the idea and there is no good record for such things to have been successful in the past. The role model for Ziff is CNET, which is younger and considerably richer than Ziff: CNET's market capitalisation is around $630 million, whereas the venerable Ziff is worth less than $400 million. ® Click for more stories

Choosing a cloud hosting partner with confidence

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.