Articles about softbank

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SoftBank sells off more than half of Arm China for a bargain $775.2m

SoftBank has announced it is offloading 51 per cent of chip designer Arm's Chinese subsidiary to a China-led group of investors in a deal worth $775.2m. Japan-based SoftBank expects the deal to be done in June 2018 and while it will retain the remainder of Arm and continue to enjoy licensing and royalty revenues, Arm China …
Richard Speed, 6 Jun 2018
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Cash-sprinkler Softbank and Alphabet hand over $1.9bn to Manbang

Japan's investment cash firehose Softbank and America's definitely-not-Google holding company Alphabet want you to use Manbang, and are paying $1.9bn for the pleasure. They want workers at shipping companies to hail passing trucks in the same way that drunk revellers use popular app-based taxi hailing services. China's …
Gareth Corfield, 24 Apr 2018
a HUSKY DOG DIGS A HOLE ON THE BEACH. pHOTO BY shUTTERSTOCK

Not a shaggy dog story: Software-defined storage inside $300m Softbank pet project

The era of software-defined storage market is truly upon us. Forget city-sized enterprises looking to squeeze costs out of their data centre estate, Nexenta has scored big with Wag!, a US-based dog walking 'sharing economy' app for those that can't be arsed to exercise their pooch. Almost incredibly, Japanese multinational …
Chris Mellor, 18 Apr 2018
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Storage uber alles: SoftBank chucks $20 mill into Nexenta's hat

Software-defined storage biz Nexenta has picked up another $20m in funding. It is effectively an H-round, following last year's $7.7m G-round and takes total funding, we think, to $141.5m. The main funder in the latest round is SoftBank and there is a strategic distribution and go-to-market agreement between it and Nexenta. …
Chris Mellor, 28 Nov 2017
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Softbank gets Uber A-OK for $9bn investment cash splurge

Cash-flinging Japanese tech firm Softbank will sink up to ten billion dollars into Uber, following a vote of approval by the taxi app's board. In addition to the direct purchase of $1bn Uber shares, Softbank also wants to buy out other investors' shares up to a total of $9bn, according to financial newswire Bloomberg. …
Gareth Corfield, 13 Nov 2017
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Corporate IMer Slack pockets $250m from SoftBank and pals – report

Corporate messaging biz Slack is reportedly raising $250m in its latest funding round. According to Bloomberg, Japanese investor SoftBank is co-leading the latest round, which would value Slack at more than $5bn. The other lead investor is said to be Accel Partners, which has invested in the software startup at all but two of …
Rebecca Hill, 27 Jul 2017
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FCC: LEO ISPs A-OK

America's broadband watchdog, the FCC, has approved OneWeb's proposal to launch an ISP on the backs of 720 orbiting satellites. The regulator said it would allow the ISP to offer its service in the US once it makes good on the plan to send 720 satellites into low earth orbit (LEO) and bounce data transmissions around the world …
Shaun Nichols, 23 Jun 2017

Cybereason snags $100m from Softbank to mount distribution, tech offensive

Cybersecurity startup Cybereason is looking to go to the next level after securing $100m in funding from SoftBank. Cybereason, with headquarters in Boston, Massachusetts and Tel Aviv, Israel, offers a range of endpoint detection and response, next-generation antivirus, and managed monitoring services. These are crowded …
John Leyden, 21 Jun 2017
Still from Boston Dynamics video (Robotic mule runs through the forest)

Alphabet offloads bot businesses Boston Dynamics and SCHAFT

Google parent Alphabet has offloaded its robotics businesses SCHAFT and Boston Dynamics to SoftBank. The latter sale was not unexpected, as Alphabet is thought to have wanted to rid itself of the business since March 2016, as it had missed key military contracts, was beset by management turbulence and had little prospect of …
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SoftBank-Saudi fund raises world's biggest tech pot at $93bn

The world's biggest tech fund backed by Japan's SoftBank Group has raised $93bn (£71bn) which it intends to plough into AI and robotics. The SoftBank Vision Fund was first announced last year and its backers now include the Mubadala Investment Company of the United Arab Emirates, Apple, Foxconn, Qualcomm and Sharp. …
Kat Hall, 22 May 2017

Softbank tears off chunk of ARM, feeds it to hungry Saudis

Softbank is selling a stake in ARM to a Saudi investment group less than a year after buying the Brit chipmaker, according to reports. The £6.5bn ($8bn) stake – 25 cent of ARM's total value, according to the BBC – will go to Saudi Arabia's new Vision Fund. The $100bn fund is already due to receive a $25m investment from …
oneweb

Look who's bailed out internet-satellite provider Intelsat? It's... Softbank?

Comment Softbank has arrived as the unlikely white knight to save Luxembourg-based internet-satellite provider Intelsat from running out of cash. It has injected debt funding and proposed a merger through its LEO satellite firm OneWeb. Now bondholders for Intelsat must give the deal the go-ahead. The deal came just as Intelsat …
Faultline, 7 Mar 2017
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Softbank gros fromage: ARM will knock out a trillion IoT chips by 2040

MWC Japanese mega-corp Softbank expects its processor-designer subsidiary ARM to fire out a trillion chips for the Internet of Things over the next two decades, its CEO told Mobile World Congress. Masayoshi Son also laid emphasis on the growth of smart devices and thus the need for chips in those devices, telling the Barcelona …
Gareth Corfield, 27 Feb 2017
Man wrapped in turqouise cable-knit blanket sips from hot drink - is clearly ill. Photo by Shutterstock

Demo may have frozen, but narrowband IoT stew is still piping hot

MBBF2016 Narrowband-Internet of Things (NB-IoT) is the IoT networking technology most favoured by big telcos. Softbank tried demonstrating it today at Huawei's Global Mobile Broadband Forum – and it didn't go to plan. Today has seen the first November snow in Tokyo for 54 years. Although the BBC was able to predict this last week with …
Gareth Corfield, 24 Nov 2016
Cash in brown paper envelope CC 2.0 attribution StockMonkeys.com

Japan's SoftBank teams up with... Saudi Arabia to launch $100bn London tech fund

SoftBank and Saudi Arabia's sovereign wealth fund are preparing to launch a technology investment fund, to be based in London, which will invest as much as $100bn into the global tech sector. Tentatively dubbed the SoftBank Vision Fund, the investment vehicle will operate over the next five years and will be seeded with $25bn …
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ARM's top brass land £54m Softbank windfall

Top execs at ARM are facing a £54m stock payout after Japan giant Softbank swooped to scoop up the Brit-tech success. Chief executive Simon Segars will land £11.36m, chief technology officer Mike Muller £21m and chief executive since September 2011 Chris Kennedy will net £344,352. The figures, revealed in new ARM SEC filings …
Gavin Clarke, 4 Aug 2016
Close up of etched silicon

Brit chip bods ARM quietly piling up cash. Softbank will be happy

Cambridge-based processor design business ARM has posted substantial revenue and profit increases for the months in the runup to the Brexit vote. The company being bought by Japanese megacorp Softbank for £24.3bn, though Softbank has promised that this will be a Brexit in ownership only. ARM will retain its "senior management …
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Brit chip biz ARM legs it to Softbank for $32bn

Updated British semiconductor designer ARM is about to be acquired by Japan's SoftBank. The New York Times reports the deal is imminent. The FT has put a value on the deal: US$32.4bn. That's a premium of about $10bn over ARM's market capitalisation. SoftBank is a sprawling company that operates a telco in its Japanese home but is …
Simon Sharwood, 18 Jul 2016

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