Softbank invests $215m in Kahoot!, more spending to come
Softbank has a acquired a 9.69% stake in Norway’s Kahoot! at a cost of US$215 million, and is reportedly looking for external funding for a new acquisition vehicle.
Softbank has a acquired a 9.69% stake in Norway’s Kahoot! at a cost of US$215 million, and is reportedly looking for external funding for a new acquisition vehicle.
Even flogging Arm and much of its eponymous Japanese operator isn’t enough to cover SoftBank’s speculative positions, it seems.
Despite raising $41 billion already this year, Softbank reckons it needs a bunch more cash to protect itself from the effects of a COVID-19 resurgence.
Shareholders in Japanese tech conglomerate SoftBank are having to come to terms with the fact that it’s now effectively an investment fund.
There are further signs that Softbank wants to flog UK mobile chip designer Arm to compensate for its reckless investment strategy.
Swedish kit vendor Ericsson has cemented its place as SoftBank’s best buddy by adding 5G core work to its recent 5G RAN deal win.
The apparent SoftBank fire sale looks set to continue with the rumour that even crown jewel ARM is on the table.
The official line is the move will allow Arm to give more attention to its core semiconductor business, but it will also allow financially strained parent-company Softbank to sell a slice.
Japanese telecoms operator Softbank has confirmed it is exploring options to offload its stake in T-Mobile US as COVID-19 weighs very heavily on other investments.
Japanese conglomerate SoftBank had a nightmare quarter thanks to massive losses at its Vision Fund investment arm and it might need to raise a few yen quickly.
COVID-19 is causing waves across the world, and now Japanese telco Softbank has warned the pandemic might well be the cause of ¥1.8 trillion ($17 billion) loss in the investment unit.
Japanese telcos KDDI and Softbank have inked a network sharing partnership to ease the commercial pressures of connectivity in the rural regions.
For millions of individuals and businesses, the threat of COVID-19 is financial ruin, but there are parts of the technology industry that are benefiting from the considerable changes forced on society.
In what could be interpreted as an attempt to protect the Japanese conglomerate from the impact of COVID-19, Softbank has announced it will sell assets to the value of JPY4.5 trillion ($41 billion).
Japanese operator group NTT Docomo will not offer Huawei smartphones when it launches its 5G network next year, according to a report.
Softbank CEO Masayoshi Son has continued his quest to prove he has been a man in the wrong career for the majority of his life with the launch of another investment fund.
The public battle for 5G ascendancy between Nokia and Ericsson has moved to Japan, with simultaneous Softbank deal win announcements.
NTT DoCoMo, KDDI, Softbank, and Rakuten have all received the 5G licences they applied for, but they come with coverage obligations and security commitment.
Softbank has announced the launch of yet another investment fund, this time turning its eyes towards the unfulfilled promise of Latin America.
With O2 and Softbank customers being thrown back to the 90s after a network outage, reports have emerged suggesting Ericsson is the root cause.
Nokia chosen to make NetCologne's FTTB network go G.fast-er https://t.co/cKZmIoUE9B #Broadband #Gfast
23 October 2020 @ 11:35:32 UTC
Huawei becomes less transparent as growth slows https://t.co/00YkxP3Env #Corporate #Financialresults
23 October 2020 @ 11:29:32 UTC
TIM's talkin' Italian with new fibre supply deal https://t.co/bN4ijbMRri #Broadband #Fibre
23 October 2020 @ 10:57:02 UTC
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