TOKYO (AP) — Japanese technology company SoftBank has reported a 36% year-on-year increase in profit for the fiscal year through March, partly on gains from its Vision Fund. After the killing of Saudi journalist Jamal Khashoggi, SoftBank said it would diversify sources of its funding for investments. Much of the Vision Fund money had come…
SoftBank Mobile Unit to Go for IPO Raising Some $20 billion
Japanese technology company SoftBank Group Corp. will carry out an initial public offering of its Japanese mobile subsidiary, set for Dec. 19, in what will likely be one of the world’s biggest IPOs. The Tokyo Stock Exchange approved the listing of 1.6 billion shares of SoftBank Corp. Monday, at 1,500 yen ($13) a share, raising…
Sony Takes 3Q Hit on Poor Phone Sales
TOKYO (AP) — Sony’s losses ballooned to 136 billion yen ($1.2 billion) last quarter as the Japanese electronics and entertainment company’s troubled mobile phone division reported huge red ink. The Tokyo-based maker of the PlayStation 4 video game machines, Spider-Man movies and Xperia smartphones had reported a 19.6 billion yen loss for the same July-September…
Softbank Readies $10B Investment in India
TOKYO (AP) — Japanese telecommunications company Softbank Corp. said Tuesday it bought stakes in two Indian technology companies and could splash $10 billion on investments in the country over the next decade. Softbank, which sells the iPhone in Japan, is investing $627 million and becoming the biggest shareholder in Snapdeal, the largest digital marketplace in…