![]() ![]() In 2013, the company bought a controlling stake in French company Aldebaran Robotics, which was rebranded SoftBank Robotics. Later on 25 October 2014, they invested $210 million in OlaCabs, $627 million in Snapdeal with a 30% stake in the company on 28 October 2014, and a $100 million investment in for a 30% stake in November 2014. In October 2013, SoftBank acquired a 51% stake in Supercell for a reported $2.1 billion. SoftBank store in Sendai, with decorations for the Tanabata ![]() In February 2000, SoftBank Ventures Asia was founded under the leadership of Masayoshi Son to focus on investment in Korean-based Internet companies. This investment turned into $60 billion when Alibaba went public in September 2014. In 2000, SoftBank made its most successful investment – $20 million to a then-fledgling Chinese Internet venture called Alibaba. In October 1999, SoftBank became a holding company. A few years later, in 1999, after the market for memory softened substantially, SoftBank sold the company back at a loss to the original owners for about a third of the original price. When the owners-founders (John Tu and David Sun) announced plans to distribute $100,000,000 of the $1.5B windfall to Kingston employees, it created a very high profile media stir that lasted well thru the 1996 Christmas season it was on all US networks, as well as international media. In another highly publicized investment, SoftBank bought 80% of memory manufacturers Kingston Technology in 1996. In 1996, SoftBank formed a joint venture with American internet company Yahoo!, creating Yahoo! Japan, which would become a dominant site in the country. SoftBank sold COMDEX to Ke圓Media, a spin-off of Ziff Davis, in 2001. SoftBank bought COMDEX from The Interface Group on 1 April 1995 for $800 million and ZDI on 29 February 1996. In the 1990s, Son made large investments in internet services and the so-called new economy in general. In September 1995, SoftBank agreed to purchase US-based Ziff Davis publishing for $2.1 billion. In 1994, the company went public, valued at $3 billion. It would go on to become Japan's largest publisher of computer and technology magazines and trade shows. Oh!PC had a circulation of 140,000 copies by 1989. The company entered the publishing business in May 1982 with the launches of the Oh! PC and Oh! MZ magazines, about NEC and Sharp computers respectively. SoftBank was founded in September 1981 as a SOFTBANK Corp by then-24-year-old Masayoshi Son, initially as a software distributor. Īlthough SoftBank does not affiliate itself to any traditional keiretsu, it has close ties with Mizuho Financial Group, its primary lender. ![]() The logo of SoftBank is based on the flag of the Kaientai, a naval trading company founded in 1865, near the end of the Tokugawa shogunate, by Sakamoto Ryōma. SoftBank was ranked in the 2017 Forbes Global 2000 list as the 36th largest public company in the world and the second-largest publicly traded company in Japan after Toyota. SoftBank Corporation, its spun-out affiliate and former flagship business, is the third-largest wireless carrier in Japan, with 45.621 million subscribers as of March 2021. Among its biggest and most internationally renowned current stockholdings are sizeable stakes in Arm (semiconductors), Alibaba (e-commerce) and Deutsche Telekom (telecommunications). It operates in broadband, fixed-line telecommunications, e-commerce, information technology, finance, media and marketing, and other areas. The company is known for the leadership of its controversial founder and largest shareholder Masayoshi Son. Fund investors include sovereign wealth funds from countries in the Middle East. It also runs the Vision Fund, the world's largest technology-focused venture capital fund, with over $100 billion in capital. The Group primarily invests in companies operating in technology, energy, and financial sectors. ( ソフトバンクグループ株式会社, SofutoBanku Gurūpu Kabushiki-gaisha) is a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo which focuses on investment management. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |