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BUSINESS
November 7, 1998 | (Bloomberg News)
Softbank Corp., Japan's largest distributor of computer software, increased its stake to about 20% in BuyComp.com, the world's largest Internet computer retail outlet, with a $40-million investment. Softbank purchased its latest 9.9% stake on Sept. 30, Aliso Viejo-based BuyComp.com said Friday. Softbank had acquired a 10.25% stake in August for $20 million.
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BUSINESS
June 21, 2013 | By Mark Davis
Dish Network Corp. said Friday that it has abandoned its pursuit of Sprint Nextel Corp., clearing the path for Sprint's $21.6-billion deal with SoftBank Corp. Dish's announcement did not end the company's quest to acquire shares of Clearwire Corp., Sprint's wireless network partner that has agreed to merge with Sprint. In a filing Friday with the Securities and Exchange Commission, Dish did not give an explanation for its decision to drop its bid for Sprint. On Tuesday, the company said that a new agreement between Sprint and Tokyo-based SoftBank made a Dish offer "impractical" for the satellite television company.
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BUSINESS
July 11, 1998 | Bloomberg News
Softbank Corp., Japan's largest software distributor and investor in online companies, agreed to pay $400 million for 27.2% of E-Trade Group Inc., the biggest Internet-based brokerage. Softbank paid $25.56 a share for 15.6 million new shares of Palo Alto-based E-Trade, close to the price the shares traded at shortly before trading was halted, before the announcement. E-Trade was last traded at $24.50 on Nasdaq, down $1.06, after hitting as high as $25.75.
BUSINESS
June 17, 2013 | By Andrea Chang
The complicated battle for Clearwire is growing more contentious.  Four days after Clearwire's board backed a takeover by Dish Network Corp., original bidder Sprint Nextel announced that it had filed a complaint in a Delaware court against Dish and Clearwire seeking to stop a deal from happening. PHOTOS: Top smartphones of 2013 "Sprint believes the transaction violates Delaware law and the rights of both Sprint and Clearwire's other strategic investors under Clearwire's charter and under the Equity Holders Agreement," Sprint said in a statement . "In addition to seeking to enjoin the tender offer, Sprint's lawsuit seeks to rescind certain parts of the tender offer agreement and seeks declaratory, injunctive, compensatory and other relief.
BUSINESS
December 16, 1998
* Softbank Corp., Japan's largest software distributor, will make a $30-million investment in closely held InsWeb, which provides insurance quotes via the Internet. Redwood City-based InsWeb is majority-owned by its 135 employees. Softbank has made a series of investments in Internet companies in recent months. Controlled by billionaire Masayoshi Son, Softbank owns about 30% of Internet directory Yahoo Inc.
BUSINESS
September 6, 1996
Softbank Corp. completed its $1.5-billion purchase of an 80% stake in memory-chip maker Kingston Technology Corp., extending the Japanese company's reach in the high-tech arena. Tokyo-based Softbank will issue $425 million of common stock and pay more than $1 billion in cash for closely held Kingston, the world's largest maker of computer-memory products. The acquisition, announced Aug. 15, allows for additional payments based on Fountain Valley-based Kingston's earnings in 1996 and 1997.
BUSINESS
August 16, 1996 | GREG MILLER, TIMES STAFF WRITER
Extending a two-year shopping binge that has already made it one of the most influential companies in the computer industry, Softbank Corp. of Japan said Thursday that it has agreed to acquire an 80% stake in Fountain Valley-based computer memory giant Kingston Technology Corp. for $1.5 billion.
BUSINESS
July 15, 1999 | P.J. HUFFSTUTTER and JONATHAN GAW, TIMES STAFF WRITERS
The founders of Kingston Technology Corp., who became multimillionaires when they sold a large chunk of their Fountain Valley memory chip maker, and then shared the windfall with workers, said Wednesday they are using cash proceeds from the 1996 sale to buy back their company--for a third of the original price. John Tu and David Sun said they will repurchase the 80% of Kingston from Japanese conglomerate Softbank Corp. for $450 million.
BUSINESS
June 12, 2000 | MARK MAGNIER, TIMES STAFF WRITER
Can Softbank Corp. turn debentures into ventures? That's the question analysts are pondering as they struggle to evaluate the Internet investment company's latest move--last week's agreement to acquire Japan's failed Nippon Credit Bank. While many details are sketchy, Softbank and its partners will pay $939 million for approximately 80% of NCB. Softbank will take close to 50%, with leasing company Orix and Tokio Marine and Fire Insurance Co. each receiving a little less than 15%.
BUSINESS
June 21, 1996 | Associated Press
Founded: 1981 by Masayoshi Son. * Capital: 55 billion yen, or $520 million, as of April. * Headquarters: Tokyo. * Business: Largest distributor of personal computer software in Japan. * Growth strategy: Investments in and acquisitions of both established companies and start-ups. * Acquisitions: Ziff-Davis Publishing Co., the world's largest computer trade publisher, which puts out PC Magazine, Computer Shopper and other publications. Two major U.S.
BUSINESS
April 16, 2013 | By Joe Flint and Andrea Chang, Los Angeles Times
Dish Network Corp. is taking a run at Sprint. The satellite television company made an unsolicited $25.5-billion bid for Sprint Nextel Corp. on Monday in an attempt to marry one of the nation's biggest pay-TV providers with the third-largest U.S. wireless carrier. A merger would give Dish the ability to package Internet and phone service with its satellite offerings. "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," Dish Chairman Charles W. Ergen 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.
ENTERTAINMENT
April 15, 2013 | By Joe Flint
After the coffee. Before remembering how to drive in the rain. The Skinny: I guess I'm getting old, as I had no desire to watch the MTV Movie Awards -- and the tweets told me I wasn't missing too much. Monday's headlines include the weekend box office recap, Dish Network's surprise bid for Sprint and concerns about whether the American Humane Assn. is doing a good enough job policing animal safety on movie and TV sets. PHOTOS: 2013 MTV Music Awards Daily Dose: Edward Pound, a former New York Times and Wall Street Journal reporter has been tapped by Al Jazeera America to oversee its investigative reporting unit.
BUSINESS
November 8, 2006 | From Bloomberg News
Rupert Murdoch's News Corp. will invest 590 million yen ($5 million) with Japanese billionaire Masayoshi Son's Softbank Corp. in a Japanese version of the social networking website MySpace. News Corp., which last year paid $580 million for MySpace, will put up the money in a 50-50 partnership with Tokyo-based Softbank, Japan's largest provider of high-speed Internet access.
BUSINESS
January 1, 2002
* Ariba Inc., a money-losing maker of Internet-commerce software which cut 900 jobs in 2001, said Softbank Corp. founder and CEO Masayoshi Son resigned from Ariba's board. Son, 44, will focus on Softbank and Nihon Ariba, the Japanese company controlled by Softbank and 40% owned by Ariba. Shares in Sunnyvale, Calif.-based Ariba, which reached $168.75 in September 2000, rose 4cents to $6.16 on Nasdaq.
BUSINESS
December 28, 2001 | Reuters
SBC Communications Inc. said it agreed to buy about a 3% stake in Yahoo Inc. from Softbank America Inc., expanding an alliance the No. 2 local phone company formed with the Internet media giant in November. Softbank America, a unit of Japan's Softbank Corp., said it will remain Yahoo's single largest shareholder after the deal with a stake of more than 16%. Terms of the SBC deal were not disclosed. The equity sale will close in the first quarter of 2002.
BUSINESS
June 12, 2000 | MARK MAGNIER, TIMES STAFF WRITER
Can Softbank Corp. turn debentures into ventures? That's the question analysts are pondering as they struggle to evaluate the Internet investment company's latest move--last week's agreement to acquire Japan's failed Nippon Credit Bank. While many details are sketchy, Softbank and its partners will pay $939 million for approximately 80% of NCB. Softbank will take close to 50%, with leasing company Orix and Tokio Marine and Fire Insurance Co. each receiving a little less than 15%.
BUSINESS
March 16, 2000 | Karen Kaplan
Launch Media, the Santa Monica Internet music company, is expanding to Japan through a partnership to be announced today with two Internet heavyweights. Softbank Publishing, a subsidiary of Japanese Internet investor Softbank Corp., and Yahoo Japan will join Launch in creating a joint venture called Launch Japan, a music Web site with songs and editorial content in Japanese. Softbank Publishing will own 50% of the new company, while Launch will have a 30% stake and Yahoo Japan will own 10%.
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