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.
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.
August 16, 1996 |
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.
July 15, 1999 |
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.
June 21, 1996 |
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.
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.