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Softbank to Buy 35% Stake in TrendMicro

December 10, 1996|Times Staff and Wire Reports

Japan's Softbank Corp., the world's largest computer magazine and book publisher, said it will buy a 35% stake in TrendMicro, a Cupertino-based anti-virus software firm, for $31 million. Softbank said payment will be made by Dec. 27. "In order to expand business, our group will strive to back up TrendMicro's Internet-related business," Softbank President Masayoshi Son said. Softbank will try to persuade about 50 computer hardware makers worldwide to use TrendMicro's software in their systems and ask other makers to integrate the software in their memory boards, he said.

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