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Jul 19, 2019

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Marketplace

SoftBank is taking its mobile division public. But what is SoftBank?

by Marielle Segarra Nov 12, 2018
SoftBank Group Corp., the massive Japanese holding company, is planning to take its mobile division public. The company is trying to raise $21 billion in its IPO, and it’ll list on the Tokyo Stock Exchange in December. You may not have…
Softbank group CEO Masayoshi Son delivers a speech during his company's financial results press conference at a hotel in Tokyo on Nov. 5, 2018.
TOSHIFUMI KITAMURA/AFP/Getty Images

SoftBank’s profit jumps as it eyes more investments in U.S. tech

by Amy Scott Aug 7, 2017
One of the big names in corporate earnings news today was SoftBank, which reported that its quarterly profit rose 50 percent from a year ago. If you’ve never heard of the Japanese conglomerate, you probably have heard of Sprint. SoftBank…

SoftBank to buy ARM for $32 billion

by Lewis Wallace Jul 18, 2016
The Japanese conglomerate SoftBank has been looking for a splashy acquisition.
An ARM processor in a Hewlett-Packard printer.
Socram8888/Wikimedia Commons

Will a Softbank-Sprint deal lower mobile phone prices?

by David Brancaccio Jun 26, 2013
Shareholders of Sprint Nextel approved an offer from Softbank to acquire a bulk of the U.S. phone company. Now it's up to Washington regulators to approve the foreign purchase.

SoftBank sweetens its Sprint pitch, offers U.S. veto power over board member: Report

by David Gura May 23, 2013
The Wall Street Journal is reporting that Japan-based SoftBank will allow the U.S. government to pick a member of Sprint's board if the deal goes through.

Sprint's Clearwire acquisition could signal move towards data

by Queena Kim Dec 17, 2012
To compete with AT&T and Verizon, which have about 70 percent of the market, Sprint needs more spectrum and Clearwire has it.

Sprint Nextel to get a $20 billion lifeline

by Jeff Tyler Oct 15, 2012
Softbank, Japan’s No. 3 mobile phone network, agrees to buy a majority stake in Sprint, in a bold bid to take on giants AT&T and Verizon.

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