Advertisement
YOU ARE HERE: LAT HomeCollectionsSoftbank
IN THE NEWS

Softbank

FEATURED ARTICLES
BUSINESS
January 29, 2013 | By Jessica Guynn
SAN FRANCISCO -- Tongues are wagging that SoftBank's billionaire founder, Masayoshi Son, may be the buyer of a $117.5-million estate in Woodside. No one is willing to go on the record -- everyone involved signed non-disclosure agreements. But one real estate source who requested anonymity because he didn't want to jeopardize future business relations said Son bought the exclusive property in the woodsy and very wealthy heart of Silicon Valley. Son is one of the richest men in Japan.
ARTICLES BY DATE
BUSINESS
August 29, 2013 | By Chris O'Brien
Verizon Communications Inc. may be close to striking one of the largest deals in history to take full control of the country's leading wireless carrier. On Thursday, Vodafone Group confirmed that it was in advanced discussions with Verizon to sell its 45% stake in Verizon Wireless. Although such talks have been held repeatedly in recent years, it appears that the two sides may be days away from finalizing a transaction that could cost as much as $130 billion. Such a sale is not likely to affect consumers in the short term.
Advertisement
BUSINESS
October 16, 2012 | By Laura J. Nelson, Los Angeles Times
One of Japan's largest wireless carriers is spending $20.1 billion to gain a foothold in one of the world's biggest and most lucrative mobile markets. SoftBank Corp., Japan's third-largest carrier, is taking a 70% stake in struggling U.S. carrier Sprint Nextel Corp. It would mark the largest-ever overseas acquisition by a Japanese company. The deal, pending regulatory approval, would give Sprint a much-needed financial boost. Under the agreement, Sprint would get $8 billion to pay down debt and build out its high-speed LTE network so it could better compete with its bigger rivals, Verizon Wireless and AT&T Inc. Beyond an expected expansion of the high-speed network coverage, Sprint customers may not see an immediate difference, analysts said.
BUSINESS
June 26, 2013 | By Andrea Chang, Los Angeles Times
Japanese telecom giant SoftBank Corp. got shareholder approval for its mammoth takeover of Sprint Nextel Corp., giving America's No. 3 wireless carrier ammunition to take on industry leaders Verizon Wireless and AT&T. The $21.6-billion deal for a majority stake in Sprint is expected to enable the company to speed up the rollout of its high-speed 4G LTE service in new markets around the country. That should help it attract new customers, analysts said. "This is exactly what Sprint needs," said Jeff Kagan, a technology industry analyst.
BUSINESS
September 24, 1997 | JAMES S. GRANELLI, TIMES STAFF WRITER
Kingston Technology Corp. said Tuesday that it has agreed to sell its networking business and storage products units to a major Taiwanese manufacturer for an undisclosed sum. The two units, which generate a total of $70 million in revenue a year, will operate as a subsidiary of Delta Group and will remain based in Orange County, said Frank Hsiung, executive vice president at Delta's U.S. headquarters in Fremont. No jobs will be lost, Hsiung said, and current managers will remain in place.
BUSINESS
December 17, 2012 | By Jim Puzzanghera
WASHINGTON -- Sprint Nextel Corp. said Monday it had reached a deal to acquire the rest of fellow wireless carrier Clearwire Corp. for $2.2 billion. The acquisition, which must be approved by federal regulators, would expand Sprint's holdings of wireless spectrum to help it compete with larger rivals AT&T Inc. and Verizon Wireless. Sprint is the nation's third-largest carrier. "Today's transaction marks yet another significant step in Sprint's improved competitive position and ability to offer customers better products, more choices and better services," said Chief Executive Dan Hesse.
NEWS
June 21, 2009 | Jay Alabaster, Alabaster writes for the Associated Press.
A few months from now, a highly contagious disease will spread through a Japanese elementary school. The epidemic will start with several unwitting children, who will infect others as they attend classes and wander the halls. If nothing is done, it will quickly gain momentum and race through the student body and jump to parents and others in the community. But officials will attempt to stymie the disease -- using cellphones. The sickness will be a virtual one, a government-funded experiment.
BUSINESS
February 14, 2012 | Bloomberg News
Yahoo Inc.'s discussions to sell its stake in Alibaba Group Holding Ltd. and its Japanese operations have reached an impasse, according to a person briefed on the matter. Representatives of Alibaba and Softbank Corp., co-owner of Yahoo Japan Corp., are prepared to approach Yahoo Chief Executive Scott Thompson to explore another arrangement that would let companies buy back their stakes, said the person, who asked not to be identified because the talks are private. The value of the Asian assets is about $11.5 billion, said Sameet Sinha, an analyst at B. Riley & Co. in San Francisco.
ENTERTAINMENT
April 16, 2013 | By Joe Flint
Before the coffee. After saying a prayer for Boston. The Skinny: Not much to joke about today as another innocent pleasure is shattered forever. Tuesday's headlines include how the media handled and mishandled coverage of Monday's bombing in Boston. Also, the Jackie Robinson biopic "42" didn't flinch when it came to language, and the Rolling Stones get ready to roll again. Daily Dose: Netflix made headlines last week when it said that over the last three months, more than 4 billion hours of its content had been streamed by its customers.
BUSINESS
April 16, 2013 | By Salvador Rodriguez
Google, inching ever closer to releasing Glass to the general public, said it will begin shipping early editions of the smartglasses to app developers this week. The Silicon Valley search engine giant sold the $1,500 glasses last year to those in attendance at its developer conference, and this week the company notified some buyers that the first units were finished and ready to be shipped. "Instead of waiting for all of the devices to be ready, we want to start delivering them to you now," Google said in its letter.
BUSINESS
June 25, 2013 | By Salvador Rodriguez
Sprint shareholders approved a $21.6-billion acquisition by SoftBank on Tuesday, bringing an end to the takeover drama involving Dish Network Corp., which had also made a play for the No. 3 U.S. carrier. About 98% of shareholders voted to approve the deal, which will pay them either $7.65 per share for the stock they now hold, or give the same number of shares of new Sprint common stock. The deal will give SoftBank 78% ownership of Sprint. “The transaction with SoftBank should enhance Sprint's long-term value and competitive position by creating a company with greater financial flexibility," Sprint Chief Executive Dan Hesse said in a statement . PHOTOS: The 10 biggest tech gadget fails Sprint said it expects the Federal Communications Commission to approve the deal early next month.
BUSINESS
April 29, 2013 | By Salvador Rodriguez, This post has been corrected. See the note below for details.
Sprint Chief Executive Daniel Hesse was in Irvine last week to pick up two J.D. Power awards given to the Kansas-based carrier and Boost Mobile, one of its prepaid brands. The awards, given for rating the highest for customer purchase experience, come at a time of enormous change for the wireless carrier. Sprint is currently in the process of purchasing spectrum from U.S. Cellular, buying Clearwire and being in the middle of a takeover bid by both Japan's SoftBank and Dish Network.
BUSINESS
April 16, 2013 | By Salvador Rodriguez
Google, inching ever closer to releasing Glass to the general public, said it will begin shipping early editions of the smartglasses to app developers this week. The Silicon Valley search engine giant sold the $1,500 glasses last year to those in attendance at its developer conference, and this week the company notified some buyers that the first units were finished and ready to be shipped. "Instead of waiting for all of the devices to be ready, we want to start delivering them to you now," Google said in its letter.
ENTERTAINMENT
April 16, 2013 | By Joe Flint
Before the coffee. After saying a prayer for Boston. The Skinny: Not much to joke about today as another innocent pleasure is shattered forever. Tuesday's headlines include how the media handled and mishandled coverage of Monday's bombing in Boston. Also, the Jackie Robinson biopic "42" didn't flinch when it came to language, and the Rolling Stones get ready to roll again. Daily Dose: Netflix made headlines last week when it said that over the last three months, more than 4 billion hours of its content had been streamed by its customers.
BUSINESS
April 16, 2013 | DAVID LAZARUS
Satellite TV provider Dish Network says it's thinking only of customers as it offers $25.5 billion to buy Sprint Nextel, the third-biggest U.S. wireless company. "A transformative Dish/Sprint merger will create the only company that can offer customers a convenient, fully integrated, nationwide bundle of in- and out-of-home video, broadband and voice services," said Charles W. Ergen, Dish's chairman. "This unique, combined company will have a leadership position in video, data and voice, and the necessary broadband spectrum to provide customers with rich content everywhere, all the time," he said.
BUSINESS
April 15, 2013 | By Andrea Chang
SoftBank Corp., whose bid for 70% of Sprint Nextel Corp. now faces an unexpected challenge from Dish Network Corp., isn't backing down. In a statement released late Monday, the Japanese telecommunications giant said its deal to invest $20.1 billion in the United States' third-largest wireless carrier was better than the unsolicited offer made by Dish. "SoftBank believes that the agreed terms of our transaction with Sprint offer Sprint shareholders superior short- and long-term benefits to Dish's highly conditional preliminary proposal," SoftBank said.
BUSINESS
December 3, 2010 | By Jessica Guynn, Los Angeles Times
Showing it is focused on conquering mobile the way it has the personal computer, Zynga Game Network Inc., the biggest maker of games on Facebook Inc. including FarmVille, said Thursday it had bought Texas mobile-game company Newtoy Inc. Newtoy makes such popular games as Words With Friends on the iPhone, a Scrabble-like game. Zynga, a San Francisco social-gaming juggernaut, launched FarmVille on the iPhone five months ago. Since then, the game has been downloaded more than 7 million times.
BUSINESS
May 15, 2000 | CHING-CHING NI, TIMES STAFF WRITER
When Yahoo executive John Wu was tapped to join the fledging Chinese Internet company Alibaba.com last year, it sounded like a joke to him. "Yahoo was doing well, my parents were immigrating to the U.S., I wasn't seriously considering this possibility," said Wu, the Shanghai-born, U.S.-educated former director of engineering credited with designing Yahoo's pioneering search engine.
BUSINESS
January 29, 2013 | By Jessica Guynn
SAN FRANCISCO -- Tongues are wagging that SoftBank's billionaire founder, Masayoshi Son, may be the buyer of a $117.5-million estate in Woodside. No one is willing to go on the record -- everyone involved signed non-disclosure agreements. But one real estate source who requested anonymity because he didn't want to jeopardize future business relations said Son bought the exclusive property in the woodsy and very wealthy heart of Silicon Valley. Son is one of the richest men in Japan.
BUSINESS
December 17, 2012 | By Jim Puzzanghera
WASHINGTON -- Sprint Nextel Corp. said Monday it had reached a deal to acquire the rest of fellow wireless carrier Clearwire Corp. for $2.2 billion. The acquisition, which must be approved by federal regulators, would expand Sprint's holdings of wireless spectrum to help it compete with larger rivals AT&T Inc. and Verizon Wireless. Sprint is the nation's third-largest carrier. "Today's transaction marks yet another significant step in Sprint's improved competitive position and ability to offer customers better products, more choices and better services," said Chief Executive Dan Hesse.
Los Angeles Times Articles
|