How do you create a $15 billion company in an industry that gives its primary product away? Line Corp. did it by getting smartphone users to pay for teddy bear icons and games with cute cookies and wicked witches.
A four-week decline in SoftBank Corp.’s bond risk is ending on concern billionaire founder Masayoshi Son will take on more debt to follow Facebook Inc. and Rakuten Inc.’s investments in mobile-messaging services.
Rakuten Inc., the Japanese online retailer controlled by billionaire Hiroshi Mikitani, plummeted in Tokyo trading after announcing it will buy the Viber Internet messaging and calling service for $900 million.
Yahoo! Inc. Chief Executive Officer Marissa Mayer has failed to spur growth at the Web portal 18 months after taking the job -- and the outlook isn’t improving as advertisers continue spending their money elsewhere.
Masahiro Tanaka, the Japanese pitcher who went 24-0 last year, is headed for a major payday in the U.S. Hiroshi Mikitani, the Internet billionaire whose company has rights to Tanaka, won’t fare nearly as well.