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SoftBank profit up 19 pct as Japan sales offset Sprint loss

Edit Topix 29 Jul 2016
In this June 18, 2015 file photo, Softbank Corp. Chief Executive and founder Masayoshi Son attends a press conference on the sales launch of its humanoid robot Pepper in Maihama, near Tokyo. SoftBank, the Japanese technology company that owns U.S. wireless carrier Sprint Corp., reported Thursday, July 28, 2016, a fiscal first quarter profit of 254.2 billion yen , up 19 percent from the same period last year ... ....

SoftBank CEO confident about Sprint's recovery, ARM takeover

Edit Kyodo 28 Jul 2016
TOKYO, Japan - SoftBank Group Corp. Chief Executive Officer Masayoshi Son briefs reporters on the company's group f... ....

SoftBank Profit Climbs on Proceeds From Alibaba Stake Sale

Edit Bloomberg 28 Jul 2016
SoftBank Group Corp.’s first-quarter profit rose 19 percent as proceeds from selling part of its stake in Alibaba Group Holding Ltd. helped offset losses at Sprint Corp ... The gradual turnaround at Sprint has been overshadowed by SoftBank founder Masayoshi Son’s $32 billion deal for chip designer ARM Holdings Plc ... LEARN MORE. ....

SoftBank Posts 19% Net Profit Growth After Alibaba, Supercell Sales

Edit The Street 28 Jul 2016
SoftBank (SFTBY) said net profit  jumped 19% in the first quarter after the Japanese telecom giant sold its investments in Alibaba Group, (BABA) GungHo, and Supercell ... chip designer ARM Holdings for about £24.3 billion ($31.9 billion) ... During the three months, the company, led by founder and CEO Masayoshi Son, sold off a string of assets to cut debt ... ....

SoftBank Group Q1 profit rises 19% year-on-year

Edit The Times of India 28 Jul 2016
TOKYO. SoftBank Group, the Japanese technology company that owns US wireless carrier Sprint, reported today a fiscal first quarter profit of 254.2 billion yen ($2.4 billion), up 19% from the same period last year ... SoftBank chief executive and founder Masayoshi Son has continued to be aggressive in purchases and sales for his sprawling empire that also includes a solar power business and humanoid robots for home use ... RELATED....

SoftBank profit up as sales offset Sprint loss

Edit The Japan News 28 Jul 2016
The Associated Press TOKYO (AP) — SoftBank Group Corp., the technology company that owns U.S ... Healthy telecommunications operations in Japan offset losses at Sprint, helping lift quarterly sales 3 percent to ¥2.13 trillion ... SoftBank Chief Executive and founder Masayoshi Son has continued to be aggressive in purchases and sales for his sprawling empire that also includes a solar power business and humanoid robots for home use ... + - ... ....

SoftBank’s Tab for Arora’s Two-Year Tenure Totals $300 Million

Edit Bloomberg 28 Jul 2016
The tally for Nikesh Arora’s two-year tenure at SoftBank Group Corp. is becoming clearer. 31.5 billion yen ($300 million) in compensation and related expenses ... That’s on top of 24.6 billion yen he received in compensation over the previous two fiscal years ... Arora left SoftBank after CEO Masayoshi Son, who had called him a likely successor earlier this year, decided to remain at the helm of the company he founded ... LEARN MORE. ....

SoftBank’s tab for Arora’s two-year tenure totals $300 million; Masayoshi Son defends outgo in terms of returns

Edit The Times of India 28 Jul 2016
The tally for Nikesh Arora's two-year tenure at SoftBank Group Corp. is becoming clearer. 31.5 billion yen ($300 million) in compensation and related expenses ... That's on top of 24.6 billion yen he received in compensation over the previous two fiscal years ... Arora left SoftBank after CEO Masayoshi Son, who had called him a likely successor earlier this year, decided to remain at the helm of the company he founded ... Download it Now! ....

Yahoo Japan to keep name, services despite U.S. sale

Edit The Japan News 28 Jul 2016
The Yomiuri Shimbun In selling off its internet business, U.S.-based Yahoo Inc. will also be changing its name, but Yahoo Japan Corp. plans to keep the “Yahoo” brand and continue its slate of services ... Yahoo Japan has paid more than ¥10 billion in licensing fees per year to the U.S ... Masayoshi Son, the president of then SoftBank Corp., noticed the start-up’s services, and in 1995 invested in Yahoo to create capital ties with the company ... ....

SoftBank sees sharp recovery for Sprint, flags much investment for ARM

Edit Yahoo Daily News 28 Jul 2016
By Makiko Yamazaki. TOKYO (Reuters) - Japan's SoftBank Group Corp on Thursday flagged a sharp recovery for struggling U.S ... The telecoms and internet conglomerate unveiled plans this month to purchase ARM for $32 billion in cash, one of CEO Masayoshi Son's boldest bets yet, as he seeks to be at the forefront of the next wave of digital innovation ... He added that ARM and Sprint would dominate his time ... ($1 = 104.6800 yen)....

Avnet agrees to buy Premier Farnell for $911 million

Edit The Times of India 28 Jul 2016
US electric component distributor Avnet has agreed to buy Premier Farnell Plc for 691 million pounds ($911 million), trumping an earlier offer from Daetwyler Holding AG for the British maker of the Raspberry Pi mini- computer ... Softbank to buy chip designer ARM for $32 billion ... On the heels of its $32 billion takeover of chip designer ARM Holdings, SoftBank founder Masayoshi Son is embarking on another "crazy idea" ... RELATED....

Banks Aside, U.K. Still Creating Jobs After Vote to Leave EU

Edit Bloomberg 28 Jul 2016
For U.K. employers, it’s a tale of two Brexits. While industries from fast food to pharmaceuticals have moved to add thousands of jobs since the country’s vote to leave the European Union, the outlook for the financial sector is more subdued. Lloyd’s Banking Group Plc said Thursday that it would cut 3,000 positions. U.K ... U.K ... is an attractive place to invest, officials say ... jobs ... of Japan. . SoftBank CEO Masayoshi Son met with U.K ... U.K ... ....

#ICYMI: Popular Stories in Tech This Week (Week Ending July 25) (Flipboard Inc)

Edit Public Technologies 28 Jul 2016
(Source. Flipboard Inc). Jessica Elsey / July 26, 2016 ... In 2016. REUTERS/File Photos ... 1. Verizon to buy Yahoo for $4.83 billion, merge it with AOL-CNET, Richard Nieva. Top line ... 2 ... Top line ... 'SoftBank Chief Executive Masayoshi Son said the acquisition marks a 'paradigm shift' at the company to invest in the Internet of Things, as he bets on demand for internet connectivity across everyday devices as diverse as automobiles and refrigerators.'....
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