Softbank

Softbank to Sell iPhone From $214 in Japan

Authored by Mark Hefflinger on June 23, 2008 - 9:53am.

Tokyo - Japanese wireless carrier Softbank will sell Apple's 8GB iPhone starting at 23,040 yen (about $214.60) next month, with monthly service fees estimated at 7,280 yen (about $67.50). "We expect the first lot to evaporate instantly. We in the company will probably fight to get one as well," Softbank CEO Masayoshi Son told Reuters. "Supplies will likely be scarce for a while."

tags: Mobile | Apple | Softbank | iPhone |

Softbank-led Group Invests $430M in China's Oak Pacific

Authored by Mark Hefflinger on May 1, 2008 - 7:00am.

Beijing - Japan's Softbank has led a $430 million investment that will give the group a 35% stake in Oak Pacific Interactive (OPI), which manages Xiaonei.com, China's largest social networking site.

Disney, Softbank Team on Branded Phone Service in Japan

Authored by Mark Hefflinger on March 3, 2008 - 2:16pm.

Tokyo - Disney (NYSE: DIS) has partnered with Softbank to launch a mobile virtual network operator (MVNO) service in Japan, featuring handsets manufactured by Sharp that feature Mickey Mouse and buttons that lead directly to Disney content, AFP reports. The launch of a Disney-branded MVNO service in Japan follows several unsuccessful similar efforts in the U.S., with the failed Disney Mobile and ESPN Mobile services.

Apple in Talks with DoCoMo, Softbank for iPhone in Japan

Authored by Mark Hefflinger on December 18, 2007 - 7:15am.

Tokyo - Apple (NASD: AAPL) is in talks with rival Japanese mobile operators DoCoMo and Softbank on launching its iPhone in Japan, but both companies are unhappy with the cut of subscriber revenue that Apple is demanding, sources from the companies told Reuters.

News Corp., Softbank to Launch MySpace Japan Joint Venture

Authored by Mark Hefflinger on November 6, 2006 - 7:28pm.
Tokyo - A report in Japan's Nihon Keizai newspaper states that News Corporation and Softbank are set to launch a 50-50 joint venture that will bring the MySpace online social network to Japan, Reuters reported.

Online News Distributor Voxant Raises $10.5 Million

Authored by Mark Hefflinger on September 21, 2006 - 8:38am.
Reston, Va. - Voxant, a company that distributes news across the Internet for media companies, said on Wednesday that it has raised $10.5 million in its second round of funding. SoftBank Capital and Court Square Ventures co-led the round, which also included participation from previous investor Longworth Venture Partners.

Japan's Softbank to Acquire 23% of U.K. Gambling Site Betfair

Authored by Mark Hefflinger on February 28, 2006 - 9:37am.
London - According to a report in the Financial Times, SoftbankCorp., a Japan-based Internet investment company, has agreed to acquire as much as 23% of Sporting Exchange Ltd., the U.K.-based online gambling group that controls Betfair. Although financial terms were not disclosed, the Financial Times said Softbank would pay about $22.80 a share. Sporting Exchange said it would likely release details for the deal, which should be completed by April 3, within the next few days.

Yahoo Pays $500 Million to Acquire Stakes in Overseas Units from Softbank

Authored by Mark Hefflinger on November 7, 2005 - 2:52am.
Sunnyvale, Calif. - Yahoo announced on Monday that it will purchase the remaining stakes in its Yahoo Europe and Yahoo Korea units from Japan's Softbank. Yahoo will pay a total of $500 million to Softbank for the 30% stake in Yahoo UK, Yahoo Germany and Yahoo France, and 33% in Yahoo Korea that Softbank holds, giving Yahoo complete control over the foreign subsidiaries. "This agreement to purchase the remaining shares not already owned by Yahoo! in Europe and Korea demonstrates the confidence we have in our international businesses and our commitment to deliver long-term shareholder value," said Yahoo chairman and CEO Terry Semel. "By buying out Softbank's JV interests, our strategic flexibility to take advantage of international growth opportunities in Korea and Europe will be enhanced, and this new structure should lead to a more efficient, longer-term operating and tax model."