SoftBank CEO Reiterates U.S.-Jobs Pledge

WSJ.com: WSJD - Technology

TOKYO--SoftBank Group Corp. Chief Executive Masayoshi Son reiterated his commitment to invest and create jobs in the U.S. through a $100 billion technology investment fund, saying a number of deals are already in the pipeline. Mr. Son, who met then-President-elect Donald Trump in December, described him Wednesday as an "upfront, frank" person whose deregulation agenda would benefit SoftBank, owner of U.S. mobile carrier Sprint...


After record Japan IPO, SoftBank Corp shares fall 10pc on debut

Al Jazeera

SoftBank Corp shares plunged more than 10 percent in their debut on Wednesday, as investor appetite for Japan's biggest ever IPO was hurt by a recent major service outage and worries over its exposure to Chinese telecom giant Huawei. Following its $23.5bn initial public offering, shares of the telecoms unit of SoftBank Group Corp fell as far as 1,344 yen ($11.95) five minutes into trade, or 10.4 percent lower than its IPO price of 1,500 yen ($13.34). The broader Tokyo market was down 1.0 percent. At 9:27am (00:27 GMT), the shares were at 1,367 yen ($12.16), after opening at 1,463 yen ($13.01). SoftBank Group was down 2.7 percent.


Former SoftBank Executive to Run Palo Alto Networks

WSJ.com: WSJD - Technology

Palo Alto Networks Inc. PANW 0.53% is naming former SoftBank Group Corp. 9984 -0.04% president and operating chief Nikesh Arora as its next chairman and chief executive, a surprising decision that follows years of rapid growth for the cybersecurity company. Mr. Arora will replace Mark McLaughlin, who joined Palo Alto Networks as CEO in 2011 and took the company public in 2012. He oversaw brisk growth at a time when high-profile cyberattacks pushed corporations to beef up their investments in security software. In an interview, Mr. McLaughlin said that after nearly a decade of running publicly traded companies, he wants to spend more time with his family. He said he discussed the transition with the board for eight months.


The Latest: Softbank Chief Confirms Deal to Sell Flipkart

U.S. News

SoftBank founder and Chief Executive SoftBank said Wednesday an agreement was reached overnight to sell its stake in Indian e-commerce company Flipkart to U.S. retailer giant Walmart. He did not give details, but said he was doubling his initial investment with the sale. An official announcement is coming soon, he said.


Huffington: Uber 'very likely' to close Softbank deal in the next week

Engadget

An Uber-Softbank deal is "very likely" to occur within the next week, according to Arianna Huffington, who spoke at Wall Street Journal's D.Live event in Laguna Beach, CA. She wouldn't disclose the price -- it seems they're still working out the details -- but she did say that the Softbank investment would involve primary investing at the last valuation of the company, as well as secondary investing in additional shares. This means that the Japanese company could end up with at least 14 percent of Uber's shares. "The Softbank investment is so important," said Huffington, adding that Uber has lost quite a lot of money because of the competition (aka Lyft). "Having them on your cap table is very important when they're also investing in so many of our competitors around the world," she added, referring to rivals like Singapore's Grab and China's Didi Chuxing.