SoftBank on Friday announced the establishment of a new Vision Fund focused on the advancement of artificial intelligence technologies, with the Japanese firm kicking in $38 billion alongside promised investments from Apple, Foxconn, Microsoft and a variety of financial institutions.
A group of investors led by Japan's SoftBank has reportedly made an offer to buy shares of ride-hailing service Uber, but the tender offer values the firm at a 30 percent discount, with the proposed price per share effectively knocking $20 billion off the value of the company.
Sprint and its controlling investor — Japan's SoftBank — are reportedly in "preliminary conversations" about a merger with T-Mobile U.S., a move that could narrow carrier choices for Apple's U.S. iPhone buyers.
Apple has confirmed its $1 billion investment in SoftBank's $100 billion SoftBank Vision Fund, of which, the upcoming Trump administration has claimed that $50 billion will be spent on U.S.-based businesses.
Apple is reportedly considering a $1 billion investment in SoftBank's $100 billion tech company investment fund, of which, the upcoming Trump administration is claiming $50 billion will be spent on U.S.-based businesses.
Following a Tuesday meeting with SoftBank's chief executive, President-Elect Donald Trump tweeted that the Japanese company has agreed to invest $50 billion in U.S. business, and create 50,000 new jobs as a result.
In a massive deal valued at $32 billion, Japanese company Softbank announced on Monday that it will acquire ARM Holdings, the company that designs specifications for low-power mobile processors, including the A-series chips found in Apple's iPhone and iPad.
In an interview earlier this week, SoftBank CEO Masayoshi Son said he scored exclusive Japanese rights to sell the first iPhone after pitching a crude drawing of an imagined iPod-cellphone hybrid to Steve Jobs. At the time, Son did not own a mobile carrier and the already-in-development iPhone was still two years out.
Japanese telecommunications company SoftBank on Thursday reported a robust 29 percent year-over-year jump in net income for its mobile division, which the carrier attributes primarily to sales of Apple's iPhone.
Sprint on Wednesday announced that it has successfully completed a deal with Japanese telecommunications and Internet services giant SoftBank, which now owns a controlling 78 percent stake of the U.S. wireless carrier.
The U.S. Federal Communications Commission on Friday announced the removal of the last barrier to a three-company merger that will see Japan's SoftBank take control of Sprint Wireless, which itself is set to take over Clearwire.
The nation's no. 2 U.S. satellite television provider made waves in the worldwide wireless industry today, as Dish Network launched a $25.5 billion bid that could see it snagging Sprint from Japanese communications firm Softbank.
Providing more evidence that Steve Jobs stayed involved at Apple until the very end, the CEO of Japanese carrier Softbank revealed that Jobs was making phone calls about Apple's unnamed "next product" the day before he passed away.