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Japan's SoftBank back in the black as investments improveTOKYO (AP) — Japanese technology company SoftBank Group Corp. said Monday it restored its profitability in the last quarter as its investments improved in value. The Tokyo-based company reported a..
Yahoo Japan reports Q1 results
Cinemark to reopen movie theaters, pizza continues to sellThe outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the national and global response, the work place and the..
Corona pandemic delays Yahoo Japan, Line merger past OctoberTOKYO (AP) — Online services Yahoo Japan and Line Corp. said Tuesday the fallout from the coronavirus pandemic is causing delays that will push back their merger to later than the scheduled October..
Also reported by •Seattle Times
Meet Masayoshi Son, the Japanese billionaire with a $16 billion personal fortune whose SoftBank mega-fund just pledged to invest $100 million in entrepreneurs of color· SoftBank is launching a $100 million "Opportunity Growth Fund" to invest in entrepreneurs of color as protests over racial injustice sweep the globe, the company announced Wednesday. · The..
We'll never see another $100 billion technology Vision Fund — from SoftBank or anyone else (UBER)· SoftBank's Vision Fund may be the first — and last — $100 billion investment vehicle. · SoftBank CEO Masayoshi Son planned for it to be the first of a succession of gigantic funds, but it..
'Be a good salesman, talk a big future, mention AI, and he will probably give you money': How the Vision Fund lost its way.· SoftBank's Masayoshi Son has enjoyed a 40-year career in which he built SoftBank into one of the world's largest tech investors and became a billionaire in the process. · But Son is facing one..
Facebook's Comments tool promised to make 'higher quality discussions' on the internet. It's riddled with spam instead. (FB)· *Facebook's feature that lets people leave comments with their Facebook accounts on other websites is overrun with spam.* · *Facebook Comments Plugin promises to use Facebook's tech to support..
SoftBank to combine Yahoo Japan, Line to create Google rival-More-
Also reported by •SeekingAlpha
Yahoo Japan, Line to merge business to form online giantTOKYO (AP) — Online services Yahoo Japan and Line Corp. have announced they are merging. Z Holdings Corp., which owns SoftBank Corp. that operates Yahoo Japan, and Naver Corp. of South Korea,..
Also reported by •Seattle Times
10 things in tech you need to know todayGood morning! This is the tech news you need to know this Monday. 1. *Apple banned all vaping apps from the App Store.* The firm banned all 181 vaping-related apps from the App Store amidst growing..
Yahoo Japan and Line Corp confirm merger agreementSoftBank Corp announced today that it has reached an agreement to merge with Z Holdings (the SoftBank subsidiary formerly known as Yahoo Japan) and Line Corp, in a move they hope will better position..
SoftBank signs $30bn deal between Yahoo Japan and LineTie-up aimed at creating a south-east Asia powerhouse in data and AI
Why Line Stock Popped 26% on WednesdayThe messaging app is in talks to potentially merge with Yahoo! Japan.
Yahoo Japan and Line are reportedly going to mergeAccording to Nikkei, messaging app Line and Yahoo Japan are about to merge and form a single tech company. Despite the name, Yahoo Japan is currently 100% owned by Z Holdings, a company that is..
Watch live: Elon Musk is about to reveal SpaceX's newest plan for Starship, a rocket system designed to populate Mars· Starship is the new rocket system that SpaceX is developing to ferry dozens of people to Mars. · Elon Musk, the company's founder and CEO, plans to unveil the latest design of the fully reusable..
Here's everything we know about how startups raise money from SoftBank's $100 billion Vision Fund** · *Some of the biggest and most promising tech companies in the world including Uber, WeWork, Indian ecommerce giant Flipkart and TikTok owner ByteDance have raised billions from a single,..
An aide to Elon Musk hired a private investigator to look into the diver Musk called a 'pedo guy'· An aide to Elon Musk hired a private investigator to research Vernon Unsworth, a British diver who sued Musk after the Tesla CEO called him a "pedo guy" in a July 2018 tweet. · Musk alleged that..
Elon Musk said that when he called a British diver a 'pedo guy,' he didn't mean 'pedophile' (TSLA)· Over the past year, Elon Musk has been engaged in a legal battle with Vernon Unsworth, a British diver who was involved in last year's rescue of a youth soccer team and its coach from a cave in..
Ahead of SpaceX moon mission, billionaire Yusaku Maezawa sells a $2.3 billion stake in his fashion company to Yahoo Japan· Yusaku Maezawa plans to sell a 30% stake in his online fashion retail company, Zozo, to Yahoo Japan. As part of the $3.7 billion tender offer, Maezawa will resign take home $2.3 billion. · During..
Yahoo Japan plans tender offer for retailer Zozo at $3.7BTOKYO (AP) — Yahoo Japan Corp. announced on Thursday a tender offer worth an estimated 400 billion yen ($3.7 billion) for Zozo Inc., a Japanese online retailer started by a celebrity tycoon. Zozo..
Also reported by •Seattle Times
Japan’s mobile payments app PayPay reaches 10 million usersPaytm, India’s biggest mobile payments firm, now has 10 million customers in Japan, the company said as it pushes to expand its reach in international markets. Paytm entered Japan last October after..
SoftBank's profit nearly quadruples on fund investmentsTOKYO (AP) — Japanese technology company SoftBank Group Corp. has seen its fiscal first quarter profit nearly quadruple to 1.122 trillion yen ($10.6 billion) as its fund investments boosted..
SoftBank sets up $108B investment fund, with no Saudi moneyTOKYO (AP) — Japanese internet company SoftBank Group Corp. has set up a new fund for investing in technologies such as artificial intelligence. Tokyo-based SoftBank said Friday its $108 billion..
7-Eleven Japan shut down a mobile payments app after only two days because hackers exploited a simple security flaw and customers lost over $500,000· *On July 1, 7-Eleven Japan launched a mobile payment app, called 7pay, that had the security flaw of allowing anyone to reset any other user's password, ZDNet reported. * · *Bad actors accessed..