Takeaki Nukii News
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Softbank Corp., which offered $20.1 billion for control of Sprint Nextel Corp., isn’t currently planning to raise its offer after Dish Network Corp. made a competing bid, an executive at the Japanese company said.
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Billionaire Masayoshi Son is targeting Japanese households with bonds offering 50 times the yield on deposit accounts to help fund Softbank Corp.’s $20 billion takeover of Sprint Nextel Corp.
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Softbank Corp. said it doesn’t intend to buy shares of Yahoo Japan Corp., denying an earlier media report.
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A U.S. Justice Department request to defer regulatory action on Softbank Corp.’s $20 billion bid for Sprint Nextel Corp. follows criticism that an acquisition could expose domestic networks to Chinese companies.
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Yahoo! Inc . is in talks to dispose of its 35 percent stake in its Japanese joint venture with Softbank Corp ., according to two people briefed on the matter.
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In 2010, Masayoshi Son, the billionaire founder of Softbank Corp., laid out a plan for the next 300 years. For a start, he would invest in 5,000 companies by 2040, giving his unborn successors a base to build on.
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Zynga Game Network Inc., the biggest provider of Facebook games, received a 13.5 billion yen ($147 million) investment from Softbank Corp. , according to two people familiar with the agreement.
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Softbank Corp . is close to an investment in Gilt Groupe Inc. that would value the members-only online retailer at about $1 billion and help it create a joint venture in Asia, two people familiar with the matter said.
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Alibaba Group Holding Ltd. Chairman Jack Ma said negotiations with Yahoo! Inc. and Softbank Corp. over the spinoff of the Alipay unit will result in the payment of a “very large” compensation for the two shareholders, China Entrepreneur magazine reported, citing an interview with Ma.
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Yahoo! Inc.’s new chief executive officer should keep the strategy of Carol Bartz, fired yesterday, in resisting attempts by Alibaba Group Holding Ltd. to end their venture, analysts said.
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