Softbank Cm Dog Kai-kun Passes Away

Softbank CM dog Kai-kun passes away

Hokkaido dog Kai-kun, known for his role as 'Otousan' in the Softbank CMs, passed away on June 28 due to old age. He was 16 years old. 

In an announcement titled, "To the first Otousan, Kaikun, with thanks," Softbank's official website stated, "On the dawn of June 28, 2018, Hokkaido dog Kai-kun, who had starred in our TV CMs as the first Otousan of the Shirato Family since 2007, has gone to heaven due to old age. He was 16 years old."

Softbank Buys Big Chunk Of Uber, A Deal That Changes How The Company Is Run

SoftBank buys big chunk of Uber, a deal that changes how the company is run

A consortium led by SoftBank Group will buy a large number of shares of Uber in a deal that values the ride-services firm at $48 billion, Uber said on Thursday, in a victory for new Chief Executive Dara Khosrowshahi. The price is a roughly 30 percent discount to Uber's most recent valuation of $68 billion. The deal will trigger a number of changes in the way the board oversees the company, which is dealing with federal criminal probes, a high-stakes lawsuit and an overhaul of its workplace culture. SoftBank and the rest of consortium, which includes Dragoneer Investment Group, will own approximately 17.5 percent of Uber, a person familiar with the matter said. That stake includes a share purchase from earlier investors and employees at the $48 billion valuation, as well as a $1.25 billion investment of fresh funding at the $68 billion level. Uber said the deal will close early next year. On Thursday it said that existing investors had agreed to sell enough shares for SoftBank to go through with the transaction. SoftBank itself will keep a 15 percent stake, while the rest of the consortium will own approximately 3 percent, according to a second person familiar with the matter. Khosrowshahi, who took the top job in August after Travis Kalanick was forced to step down in June, helped negotiate the deal. Uber is losing more than $1 billion each quarter, and a new cash infusion is critical. The company is also planning an initial public offering in 2019. Uber will use the investment "to support our technology investments, fuel our growth, and strengthen our corporate governance," a spokesperson, who declined to be named, said. When the deal is completed, the company will make governance changes, expanding Uber's board from 11 to 17 members including four independent directors, limiting some early shareholders' voting power and cutting the control wielded by Kalanick, who remains on the board and is still one of the largest stakeholders.

"Smart thing"

"The stockholders did the smart thing. The price is less important than locking in the governance changes and securing the support of the world's most powerful technology investor," said Erik Gordon an entrepreneurship expert at the University of Michigan's Ross School of Business. Rajeev Misra, chief executive of SoftBank's Vision Fund, a $98 billion tech investment vehicle, will join the Uber board, The Wall Street Journal reported. SoftBank will get two seats on the expanded board, a source told Reuters. Misra said in a statement that SoftBank has "tremendous confidence in Uber's leadership and employees." Uber board members agreed in early November to governance changes to pave the way for the SoftBank deal. Some initial investors in the consortium, including General Atlantic, dropped out over disagreement about the price offered to shareholders, Reuters previously reported. SoftBank founder Masayoshi Son has taken a keen interest in ride-hailing companies around the world, and already has sizeable stakes in China's Didi, Brazil-based 99, India's Ola and Singapore Grab, all of which have competed with Uber. Didi last week raised $4 billion, including some investment from SoftBank. The Uber investment comes after a year of troubles for the company, including a lawsuit by Alphabet Inc's self-driving car unit Waymo that alleges trade-secrets theft and federal investigations that span possible bribery of foreign officials in Asian countries and the use of software to evade regulators. Over the past year, a former employee's charges of endemic sexual harassment led to an internal review, London said it is stripping Uber of its license and Uber revealed it had covered up a major hack.

Reporting by Heather Somerville and Liana B. Baker

 

Softbank Offers To Invest In Uber At 30 Percent Discount

SoftBank Offers To Invest In Uber At 30 Percent Discount


Japan’s SoftBank has reportedly been thinking about investing a big chunk of money in Uber. According to a new report, the company is planning to make an offer to purchase Uber shares at a 30 percent discount. Its offer will be based on a valuation of $48 billion which is a 30 percent discount to Uber’s most recent valuation of $68.5 billion.

Uber’s board approved the investment last month. The cash infusion is also going to bring about some corporate governance changes at the company. It would particularly limit the voting powers of some early shareholders, including that of founder and ex-CEO Travis Kalanick.

Softbank Humanoid Robot Pepper Serves Coffee To Customers' Preference

SoftBank humanoid robot Pepper serves coffee to customers' preference at Ginza - FareastgizmosCoffee lovers can enjoy free coffee served by Softbank's humanoid robot Pepper at three of its stores in Tokyo. The humanoid remembers customers’ faces and their preference of coffee for during their next visits to the stores. SoftBank has begun a trial service that will run through Aug 2 and is considering the full-scale robo café service, aimed at entertaining smartphone buyers while waiting. During a press event held at the SoftBank Ginza store last week, Pepper asked a customer, would you like a cup of coffee while waiting?

The simulated customer selected the amount and thickness of coffee using the touch screen of Pepper. While the coffee is brewed, the customers can also register him as friends with the humanoid. The robot can recognize different human faces with a system developed by Microsoft. The system is capable of detecting 27 spots on a human face.

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Softbank Reveals American English Learning Ai Robot Musio X For Japanese Market

Softbank discloses American English learning AI robot Musio X for Japanese marketSoftbank Japan today uncovered the AI (computerized reasoning) prepared robot Musio X (Music Ex) for Japanese market. Musio X is a social correspondence robot outfitted with different capacities for American English learning. In the discussion mode, clients can chat with the robot for English interpretation of a word, which the robot scans from the web for the most proper response for the word.

Softbank To Launch Pocket Wifi 601hw Mobile Wifi Router

SoftBank To Launch Pocket WiFi 601HW Mobile WiFi RouterSoftBank is gearing up to launch their newest mobile WiFi router namely the Pocket WiFi 601HW. Utilizing the 4 x 4 MIMO technology for delivering outstanding coverage and smooth multi-device performance, this pocket-friendly 802.11ac (2.4GHz – 5GHz) WiFi router supports up to 14 simultaneous connections and provides maximum communication speeds of up to 612Mbps (downlink) and 37.5Mbps (uplink).

Softbank To Launch Pocket Wifi 603hw Mobile Wifi Router

SoftBank To Launch Pocket WiFi 603HW Mobile WiFi RouterSoftBank is about to launch their newest mobile WiFi router namely the Pocket WiFi 603HW. Utilizing the 4 x 4 MIMO technology for delivering outstanding coverage and smooth multi-device performance, this pocket-friendly 802.11ac WiFi router supports up to 14 simultaneous connections and provides maximum communication speeds of up to 612Mbps (downlink) and 37.5Mbps (uplink).

Softbank Launches Iot-based Bicycle Sharing System

Softbank Launches IoT-based Bicycle Sharing SystemSoftbank Corp and Openstreet, which was spun out from Softbank by using a "new business proposal system," will offer the "Hello Cycling" IoT-based bicycle sharing system.
The two companies plan to offer the service across Japan by tying up with service providers in many regions.

Softbank President Discusses 'asia Super Grid'

Softbank President Discusses 'Asia Super Grid'Masayoshi Son, chair of Renewable Energy Institute (president of the Softbank group), delivered a lecture at a symposium to celebrate the fifth anniversary of the institute and disclosed the current status of the "Asia Super Grid Plan" Sept 9, 2016.

Softbank Completes Acquisition Of Arm

SoftBank Completes Acquisition Of ARMBack in July, it was reported that Japanese company SoftBank announced their plans to acquire UK company ARM. For those who are unfamiliar, ARM is the company behind the architecture of mobile chipsets used by the likes of Apple, Samsung, Qualcomm, MediaTek, NVIDIA, Huawei, and more.

Softbank Reportedly Still Hopeful For Sprint/t-mobile Merger

SoftBank Reportedly Still Hopeful For Sprint/T-Mobile MergerA couple of years ago, Sprint and T-Mobile were on the path to a merger, but numerous hurdles along the way, like the FCC being dead set against it, eventually led to the deal falling through, and it’s safe to say that both carriers aren’t exactly on friendly terms. However that might not necessarily be the end of it.