SoftBank profits rise, partly on gains from Saudi-tied fund
TOKYO (AP) — Japanese technology company SoftBank has reported a 36% year-on-year increase in profit for the fiscal year through March, partly on gains from its Vision Fund.
Japan’s SoftBank invests in US office space-sharing WeWork
TOKYO (AP) — American office space-sharing company WeWork has obtained $3 billion in funding from Japanese technology conglomerate SoftBank Group Corp.
The new funding comes in addition to the $1 billion raised from SoftBank last quarter, WeWork spokesperson Kumiko Hidaka said Thursday.
SoftBank mobile unit to go for IPO raising some $20 billion
TOKYO (AP) — Japanese technology company SoftBank Group Corp. will carry out an initial public offering of its Japanese mobile subsidiary, set for Dec. 19, in what will likely be one of the world's biggest IPOs.
The Tokyo Stock Exchange approved the listing of 1.6 billion shares of SoftBank Corp. Monday, at 1,500 yen ($13) a share, raising potentially more than 2 trillion yen ($20 billion).
SoftBank CEO decries journalist’s death, defends Saudi fund
TOKYO (AP) — SoftBank Group Corp. Chief Executive Masayoshi Son denounced Monday the killing of Saudi journalist Jamal Khashoggi, but defended the Japanese technology giant's investment fund, which includes Saudi money, as work that needs to be finished.
Speaking at an earnings news conference, Son called the death an attack on "a precious life but also on journalism and the freedom of speech."
SoftBank confirms deal to sell Flipkart stake to Walmart
TOKYO (AP) — The head of Japanese technology company SoftBank Group Corp. said Wednesday it has reached an agreement to sell its stake in Indian e-commerce company Flipkart to Walmart.
Softbank founder and CEO Masayoshi Son did not give details in confirming the deal, which has been widely anticipated. He mentioned the agreement while discussing the company's quarterly results.
TOKYO (AP) — The Latest on Softbank's plan to sell its stake in India's Flipkart to U.S. retail giant Walmart (all times local):
The head of Japanese technology company SoftBank Group Corp. says it has reached an agreement to sell its stake in Indian e-commerce company Flipkart to Walmart.
Softbank founder and CEO Masayoshi Son did not give details in confirming the agreement while discussing the company's quarterly results on Wednesday.
SoftBank, Saudi Arabia announce massive solar power project
TOKYO (AP) — SoftBank Group Corp. Chief Executive Masayoshi Son announced Wednesday a $200 billion solar power project in Saudi Arabia, which he described as "the world's biggest solar power generation."
The project is in cooperation with the kingdom's young and powerful Crown Prince Mohammed bin Salman, a partner in the SoftBank Vision Fund, set up in 2016. The fund has already invested in companies in the U.S., India and Europe.
TOKYO (AP) — SoftBank said Wednesday that it is investigating a shareholder campaign that sought the ouster of former Google executive Nikesh Arora, who had been groomed to lead the Japanese technology company.
Arora, who joined SoftBank as president from Google in 2014, had been expected to succeed Son as head of the company. But in 2016, SoftBank founder and Chief Executive Masayoshi Son said Arora was leaving. Son remained at the helm.
SoftBank adding technology ambitions, with ARM, robotics
TOKYO (AP) — Photo ops of SoftBank Chief Executive Masayoshi Son sometimes show him chatting happily with his company's humanoid robot, the childlike Pepper, or grinning as President Donald Trump heaps praise on him for creating American jobs.
It's clear Son, Japan's richest person, stands out in Japan Inc.
SoftBank CEO sees massive data, AI as key to future advances
TOKYO (AP) — Masayoshi Son, chief executive of SoftBank Group Corp., says artificial intelligence combined with data gathered by billions of sensors will bring on an "information revolution," that will benefit people more than the 19th Century Industrial Revolution.
Son, Japan's richest person, told Softbank customers and partners gathered at a Tokyo hotel on Thursday that he believes massive data will help treat cancer, deliver accident-free driving and grow safer food.
Softbank adds Fortress Investment to growing empire
TOKYO (AP) — The $3.3 billion acquisition by SoftBank Group Corp., the Japanese telecommunications, internet and solar energy giant, of Fortress Investment Group marks tycoon Masayoshi Son's latest step in building an investment empire.
AP Explains: Did Trump just create 8,000 jobs?
WASHINGTON (AP) — Donald Trump gave himself kudos for the creation of 8,000 new U.S. jobs by a Japanese tech mogul, saying it was proof of "the spirit and the hope" stirred by his presidential win.
Trump holds Q&A, discussing jobs, Russia, Israel
PALM BEACH, Fla. (AP) — President-elect Donald Trump applauded the return of 8,000 jobs to the U.S. and hailed his transition discussions with President Barack Obama in a series of comments that amounted to his most detailed interaction with journalists since before the election.
Trump takes credit for 8,000 jobs, talks with Obama
PALM BEACH, Fla. (AP) — After weeks of giving only brief comments to the media, Donald Trump made a series of public statements Wednesday, applauding the return of 8,000 jobs to the U.S. and hailing his discussions with President Barack Obama.
Trump Touts Plan to Bring 8,000 Jobs to US
Japan’s SoftBank to invest $1 billion in OneWeb sat factory
TOKYO (AP) — Japanese telecoms and energy company SoftBank has agreed to invest $1 billion in the U.S. company OneWeb Ltd., which plans to build a factory in Florida that the companies say could create 3,000 jobs.
Arlington, Virginia-based OneWeb plans to build a network of satellites to provide global broadband access.
The two companies announced late Monday that OneWeb had obtained pledges of $1.2 billion from SoftBank and other investors.
The Latest: Japan’s SoftBank to invest $1B in US company
WASHINGTON (AP) — The Latest on President-elect Donald Trump (all times local):
Japanese telecommunications and energy company SoftBank — whose founder met with President-elect Donald Trump this month — says it has agreed to invest $1 billion in the U.S. company OneWeb Ltd., which is building a network of satellites for global broadband access.
Softbank tycoon who met with Trump is Japan’s deal maker
TOKYO (AP) — Japanese billionaire Masayoshi Son, who met with President-elect Donald Trump and then announced plans to create 50,000 jobs and invest $50 billion in U.S. startups, has been one of Japan's most aggressive overseas investors for over two decades. He's getting an early start on deal-making with the future president.
Trump: Japanese mogul pledges $50 billion US investment
WASHINGTON (AP) — Winning praise from President-elect Donald Trump for being a "great man of industry," Japanese tech billionaire Masayoshi Son promised to invest $50 billion in new startups in the United States, committing to creating 50,000 new jobs.
Trump: Japanese mogul pledges $50 billion US investment
WASHINGTON (AP) — After meeting with Donald Trump on Tuesday, Japanese tech billionaire Masayoshi Son said he will invest $50 billion in new startups in the United States, committing to creating 50,000 new jobs over an unspecified time period.
Sprint owner SoftBank to buy ARM in big post-Brexit deal
TOKYO (AP) — Japanese technology company SoftBank Group Corp. is buying Britain's ARM Holdings for 24.3 billion pounds ($32 billion), in a deal the British government hailed as a vote of confidence in the country following last month's vote to leave the European Union.
The recommended cash deal underlines the desire of SoftBank, which also owns struggling U.S. telecommunications company Sprint, to expand in the so-called "Internet of Things" — how home devices from...
Masayoshi Son, Softbank CEO, changes plans for robot apocalypse: ‘The Singularity is coming’
- BusinessWireMichelle Horn to Join SoftBank Group as Chief People Officer and Senior Vice PresidentJanuary 28, 2019
- BusinessWireGary Ginsberg Joins SoftBank as Senior Vice President and Global Head of CommunicationsOctober 31, 2018
- BusinessWireRobert Townsend to Join SoftBank Group as Chief Legal Officer and Senior Vice PresidentAugust 14, 2018