Posts tagged with: Softbank
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    Another week, another major tech acquisition — this time spanning across the globe. Japanese telco Softbank is selling its 84 percent stake in Finnish mobile games maker Supercell. Chinese multimedia company Tencent will acquire the stake for up to $8.57 billion. The deal is expected to close next quarter. Softbank is going through a period of transition after years of losses and its CEO, Nikesh Arora, resigned this week. Softbank founder and replacement CEO Masayoshi Son has a $55 billion stake of Tencent. That company is looking to expand its lucrative gaming portfolio after picking ...

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    It's a story of people who are "familiar with the matter" and a struggling network getting its stuff together in the face of mounting competition, financial burdens, new ownership and the tasks of cutting losses and cuts and making gains. And it started at the top of Sprint back in 2014, when Marcelo Claure took the helm as CEO. Claure himself contracted several advisers — among them, industry veteran and claimed "mentor" of Claure's, Dennis Trujillo — for a year's work at a going price of $50 million. The arrangement, which involved the team retaining a meeting area sequestered from ...

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    After multiple reports of a planned merger between Sprint and T-Mobile USA, more alleged details have reportedly emerged. The merger deal has been allegedly accepted, with the combined company to be named SoftBank USA -- meaning, the T-Mobile and Sprint monikers would be history. The CEO of the new company would be the current T-Mobile USA chief, John Legere. Dan Hesse, Sprint's CEO, would step down from his current position, though he would remain a part of the SoftBank board. Also scrapped would be the MetroPCS, Virgin Mobile, and Boost Mobile prepaid brands, all rolled in to one ...

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    Well this seems to be the season where underdog carriers just can't merge with anybody. We remember how the whole T-Mobile + AT&T merger never went through, and now it's Sprint's turn. Recently it was all over the news that the Japanese company Softbank would be nice enough to take hold of Sprint, but it seems that even that endeavor is going down hill. Bloomberg has just reported that the DOJ has requested that the FCC should delay the merger between the two companies due to some national security concerns. This doesn't necessarily mean that it won't happen, but once you get the DOJ ...

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