Latest SoftBank Stories

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...

2011-03-09 07:00:00

MOUNTAIN VIEW, Calif., March 9, 2011 /PRNewswire/ -- MobileIron (www.mobileiron.com), the innovator in mobile device management and security, today announced version 4.1 of the MobileIron Virtual Smartphone Platform (VSP),which features local language support for global companies. MobileIron also announced its reseller agreement with SoftBank BB, the biggest IT distributer in Japan and one of the Group companies of SoftBankCorp, to provide SoftBank's enterprise customers with mobile device...

2011-03-02 11:12:16

Yahoo announced in December that it was cutting about 600 jobs in its third wave of layoffs since late 2008 as chief executive Carol Bartz oversees a reorganization for the internet pioneer. Following the layoffs, Yahoo Inc. has been in talks to potentially unload its $7 billion stake in Yahoo Japan, an AFP report said on Wednesday, citing a source close to the matter. Negotiations, however, are still in early stages and nothing is near to completion, according to the Wall Street Journal....

2011-02-04 08:20:00

SHANGHAI, Feb. 4, 2011 /PRNewswire-Asia/ -- On Feb 4th, 2011, PPLive (Shanghai, China) CEO, Dr. Vincent Tao confirmed that the company has received an investment of 250 million USD from SOFTBANK CORP. (Tokyo, Japan, Representative: Masayoshi Son). This is the Series D Round financing for PPLive. This deal is the single largest investment in a video company since Google's acquisition of YouTube. The size of funding raised is more than what other Chinese video companies have raised either...

2011-02-03 06:30:00

SHANGHAI, Feb. 3, 2011 /PRNewswire-Asia/ -- SOFTBANK CORP. (Tokyo, Japan, Representative: Masayoshi Son, hereafter "SOFTBANK") announces that it has acquired 35% stake (voting right base after dilution) into Synacast Corporation, also known as PPLive (Shanghai, China, Representative: Vincent Tao), the operator of "PPTV", a leading online TV service in China (URL: http://www.pptv.com/). (Photo: http://photos.prnewswire.com/prnh/20110203/CN40955LOGO ) "PPTV" is the premier online TV service...

Word of the Day
  • Licking.
  • Hence Running along or over a surface, as if in the act of licking; flowing over or along; lapping or bathing; softly bright; gleaming.
This word comes the Latin 'lambere,' to lick.