Free Republic

This should be very concerning for tech companies that operate in the Chinese market. 'It is not clear how much pressure was put on SoftBank to form the merger, but this looks like one of the most blatant examples of IP theft that we've seen. The Chinese arm of a company has gone rogue and refused to obey the ruling of its own board. The head of that company is essentially treating it as a personal fiefdom, and Chinese authorities do not appear to have taken meaningful action to reign in Mr. Wu.'

TOKYO: CIECC, Softbank, Masayoshi Son is closing in on a 3 step deal. Step 1, US regulators approved, CIECC, Softbank, grab of the American fiber joule, US Sprint. Step 2, regulators approved, CIECC, Softbank, dump of US Sprint to German Deutsche Telekom AG (T-Mobile) sucks up U S Sprint shell (about $20 bil). Now, (as money laundries usually do), Step 3, clean cash, back to> CIECC, Softbank. The deal could be announced this month.

We Co. had $2.5 billion of cash as of June 30. At its current rate of cash burn—about $700 million a quarter—it would run out of money some time after the first quarter of 2020, according to Chris Lane, an analyst at Sanford C. Bernstein & Co. He and his colleagues projected in a recent note to clients that We would burn through nearly $10 billion in cash between 2019 and 2022, assuming it keeps growing.

Weeks after meeting with Sprint Corp. Chairman Masayoshi Son, President-elect Trump announced Wednesday that the wireless phone company will soon move thousands of outsourced manufacturing jobs back to the United States. "We have some very good news," the incoming Republican president told reporters outside his beachside resort in West Palm Beach, Fla., Wednesday afternoon. "Because of what's happening and the spirit and the hope, I was just called by the head people at Sprint and they're going to be bringing 5,000 jobs back to the U.S. They're taking them back from other countries."

The Japanese telecommunications giant SoftBank Group, Corp. announced on December 19 that it had agreed to invest $1 billion in the satellite manufacturing operation built in Exploration Park, Florida, by OneWeb LLC. OneWeb plans to build and deploy a constellation of hundreds of satellites in low-Earth orbit over the next decade, which will provide Internet access to many unconnected areas of the world.The new investment deal will give SoftBank and its partners nearly half ownership of OneWeb Satellites, a company based in Arlington, Virginia, that is a 50-50 joint venture between its parent, OneWeb LLC, and Airbus.The investment is expected...

President-elect Donald Trump announced on Monday that Japan's SoftBank has agreed to invest $50 billion in the United States and create 50,000 more jobs for Americans. He announced the deal after meeting with SoftBank CEO Masayoshi Son, a Japanese billionaire and technology investor. WATCH: Donald Trump Meets With SoftBank Chairman Masayoshi Son

SoftBank Group Corp founder and chief executive officer Masayoshi Son is planning to meet with President-elect Donald Trump in New York on Tuesday, a person with direct knowledge of the matter said. Mr Son, 59, has no specific agenda but wants to meet Mr Trump as an investor in the US, including in wireless operator Sprint Corp, said the person, who asked not to be identified because the matter is private. Shares in SoftBank rose on the news, climbing 2.5 per cent to 6,975 yen in Tokyo, their highest since Aug. 31. The Japanese billionaire is in the process of...

SoftBank Group Corp. Chairman and Chief Executive Masayoshi Son said Tuesday he would invest $50 billion in the U.S. and create 50,000 new jobs, following a 45-minute private meeting with President elect Donald Trump. The Japanese billionaire, whose conglomerate controls Sprint Corp., announced his investment plans in the lobby of Trump Tower, though he didn’t provide details. Mr. Trump took credit for the investment, saying his November victory spurred SoftBank’s decision. In an interview, Mr. Son said the money will be coming from a $100 billion investment fund that he is setting up with Saudi Arabia’s sovereign-wealth fund and other...

ABC News Verified account ABC 49 seconds ago Trump announces that Masayoshi Son, CEO of SoftBank, has agreed to invest $50 billion in U.S., create 50K new jobs.

Sprint also now free to move forward on Clearwire share snap-up The $21.6bn acquisition of Sprint by Japan's SoftBank is now a go: as expected from rumors earlier this week, the FCC has ruled unanimously to approve it. "Today is a good day for all Americans who use mobile broadband services," acting FCC chairwoman Mignon Clyburn said in a statement accompanying the lengthy ruling. "After thorough review, the Commission has found that the proposed Softbank-Sprint-Clearwire transactions would serve the public interest." Clyburn expressed her opinion that the merger would be "likely" to speed mobile broadband roll-out, enhance competition and innovation,...

Softbank reaches $20B deal to buy Sprint Nextel Japanese mobile carrier would get 70 percent of Sprint if agreement goes through; Sprint would be tougher rival of Verizon, AT&T Updated 5:10 a.m. ET TOKYO Tokyo-based mobile phone company Softbank Corp. has reached a deal to acquire 70 percent of U.S. wireless carrier Sprint Nextel for $20.1 billion in the largest-ever foreign acquisition by a Japanese company. The deal, announced Monday at a joint news conference in Tokyo by Softbank President Masayoshi Son and Sprint Chief Executive Dan Hesse, was given a green light by the boards of both companies. It...

August 7, 2006 -- A group led by venture capital firm Softbank is investing $5 million in the Huffington Post, an online news site and political blog owned by the pundit Arianna Huffington, The Post has learned. The investment comes a little over a year after the launch of the Huffington Post - which then was billed as a celebrity-filled blog but has since evolved in to its own news brand. An announcement of the investment could come as soon as today. In addition to Softbank, venture capitalist Alan Patricof is also investing in the site, as well as some...

China's player looks to the big game Entertainment chief's raid could make him leading online contender China's second-richest man, Chen Tianquiao, looks poised to become the country's leading new media player after staging the sector's first aggressive raid on a rival's shares. In a stealthy swoop over the spring festival holiday, Mr Chen's online game company Shanda Interactive Entertainment bought a 19.5% stake in Sina Corp, China's leading internet news portal, for $196m (£102m). The move finally turned the tables on Sina, which had tried to buy Shanda in 2003. The possibility of a takeover that would create China's...