Latest SoftBank Stories

Alibaba Making Bid To Buy Yahoo
2011-12-29 12:12:57

Reports say Chinese e-commerce giant Alibaba Group may be trying to make a bid to buy all of Yahoo Inc. According to congressional fillings, the company enlisted the Duberstein Group lobbying firm last fall for the first time. The company's chief executive and chairman, Jack Ma, said last September that he was open to acquire Yahoo if it was possible. Preliminary talks back then were planning for Alibaba, which already holds 40 percent of Yahoo, to take Yahoo's Asian assets and...

Alibaba Seeks $4B Debt-Financing As Rumors Of Yahoo Buy-Out Resurface
2011-12-09 05:33:42

Global markets are abuzz as reports emerged Thursday that the Chinese e-commerce titan the Alibaba Group will try to finance as much as $4 billion of debt in an attempt to buy back Yahoo´s 40 percent stake in their company.  According to estimates, that stake will likely be between $9 and $13.5 billion. Alibaba CEO and former English teacher Jack Ma has frequently expressed his intention to buy out Yahoo´s shares in his company–an ambition that insiders say served as a...

2011-06-01 11:35:00

According to reports, Yahoo Inc. has reached an agreement with Chinese partner Alibaba Group over Yahoo's compensation for the transfer in ownership of Alibaba payments service Alipay. Reuters first reported on Tuesday that the companies reached an agreement regarding Alipay. The sources told Reuters that the deal requires the consent of Softbank Corp. founder Masayoshi Son, an Alibaba board member. Yahoo claimed it was blindsided by Alibaba's restructuring of Alipay, an online e-commerce...

2011-05-16 07:50:00

Dispute over a major Internet asset transfer has escalated the already strained relationship between Yahoo Inc. and Alibaba Group, a Chinese Internet company, as they struggle to iron out differences. In a joint statement, the two companies announced that they were in "productive negotiations" to resolve "outstanding issues related to Alipay," which is the online payment service of Alibaba. As Yahoo struggles to keep up with Google, Alibaba's position as one of China's most powerful Internet...

2011-05-09 06:30:00

NEW YORK, May 9, 2011 /PRNewswire/ -- Gilt Groupe, Inc., an innovative online shopping destination, today announced it has raised $138 million from new and current investors. The new financing will be used for various growth initiatives, including acquisitions, new business categories Gilt plans to launch, as well as the acceleration of growth in existing categories and geographies. (Logo: http://photos.prnewswire.com/prnh/20080625/NYW098LOGO) Participants in the financing round...

2011-04-21 00:00:28

Rivet Games now raised total of $15 million; Rebrands from FooMojo to Reflect Evolution Rowards Next-generation, Multi-Platform Game Company. San Francisco, CA (PRWEB) April 20, 2011 Rivet Games, developer and publisher of the next generation of web, social and mobile games, announced it closed a Series B funding from existing investors Softbank Capital, Baseline Ventures, and Floodgate, also joined by new investor Outpoint Capital. Rivet Games has now raised a total of $15 million. Rivet...

Word of the Day
  • A bat.
The word 'reremouse' comes from Middle English reremous, from Old English hrēremūs, hrērmūs ("bat"), equivalent to rear (“to move, shake, stir”) +‎ mouse.