•   
  •   

Tech & Science SoftBank to create $30 billion tech giant via Yahoo Japan, Line Corp deal

15:40  18 november  2019
15:40  18 november  2019 Source:   reuters.com

Inside the influencer economy, a sports betting boom, and SoftBank's struggles

  Inside the influencer economy, a sports betting boom, and SoftBank's struggles Hello! You might have noticed this week that Instagram is testing a feature that hides "likes" on posts in the US. As Amanda Perelli reported, some popular influencers and their teams have already begun expressing concern over the change. "For creators, it's a big change because likes are the number one tool for tracking post engagement," Adam Wescott, a partner at the digital talent-management firm Select Management Group, told Amanda. "They know within minutes how their content will do based on number of likes."And, given how easy it is to buy followers, some are worried the change could lead to more fake influencers.

Japan 's SoftBank Corp plans to merge internet unit Yahoo Japan with messaging app operator Line Corp to create a $ 30 billion tech giant , as it bags struggling internet companies to bulk up against rivals like Rakuten Inc . The telco in a statement said Yahoo Japan , which last month changed its.

TOKYO (Reuters) - Japan 's SoftBank Corp plans to merge internet unit Yahoo Japan with messaging app operator Line Corp to create a $ 30 billion tech giant The merger deal is the latest example of consolidation in Japan 's technology industry. SoftBank this month completed its acquisition of online

a group of people watching a band on stage in front of a crowd: FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo© Reuters/Issei Kato FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo

By Sam Nussey

TOKYO (Reuters) - SoftBank Corp plans to merge internet subsidiary Yahoo Japan with messaging app operator Line Corp to create a $30 billion tech group, as it strives to compete more effectively with local rival Rakuten and U.S. tech powerhouses.

The deal, which would combine the providers of two of Japan's top QR code payment services, offers Yahoo Japan access to 164 million Line users and their data in Japan and Southeast Asia as SoftBank expands into services outside its core wireless business.

SoftBank created its own robot vacuum that uses self-driving car technology and costs $500 a month

  SoftBank created its own robot vacuum that uses self-driving car technology and costs $500 a month A new robot vacuum is on the market for $US499 per month from Japanese tech giant SoftBank, aimed mostly at office spaces. SoftBank is the company that has taken over WeWork, and has also heavily invested in Uber and Slack. The vacuum, called Whiz, uses LIDAR sensors, the same technology used in self-driving cars. Visit Business Insider's homepage for more stories. These days, SoftBank might be best known for its role in the WeWork debacle, taking over the coworking company following a failed IPO and the ousting of its CEO, Adam Neumann. But the Japanese giant has other projects in the works, too.

TOKYO (Reuters) - Japan 's SoftBank Corp (T:9434) plans to merge internet unit Yahoo (NASDAQ:AABA) Japan with messaging app operator Line Corp (T:3938) to create a $ 30 billion tech giant , as it bags struggling internet companies to bulk up against rivals like Rakuten Inc (T:4755).

Japan 's SoftBank Corp plans to merge internet unit Yahoo Japan with messaging app operator Line Corp to create a $ 30 billion tech giant , as it The merger deal is the latest example of consolidation in Japan 's technology industry. SoftBank this month completed its acquisition of online fashion

FILE PHOTO: Logo of Line Corp is seen at the company's headquarters in Tokyo© Reuters/Toru Hanai FILE PHOTO: Logo of Line Corp is seen at the company's headquarters in Tokyo

It also gives loss-making Line a deep-pocketed patron who can offer its tech expertise, including potentially via the Vision Fund.

The deal comes as SoftBank Group founder Masayoshi Son battles to restore his reputation after an ill-fated investment in office-sharing firm WeWork.

Telecoms firm SoftBank Corp said Yahoo Japan, which last month changed its name to Z Holdings Corp, would aim to complete its merger with Line, owned by South Korea's Naver Corp, in October 2020.

The companies plan to reach a definitive agreement by next month under which SoftBank Corp and Naver will form a 50:50 venture that would control Z Holdings, which in turn would operate Yahoo Japan and Line.

Apple, Intel file antitrust case against SoftBank-backed firm over patent practices

  Apple, Intel file antitrust case against SoftBank-backed firm over patent practices Apple, Intel file antitrust case against SoftBank-backed firm over patent practicesThe suit follows an earlier case filed by Intel against Fortress in October. Intel withdrew that suit and on Wednesday filed a new version in the U.S. District Court for the Northern District of California with Apple also joining as a plaintiff.

TOKYO, Nov 18- SoftBank Corp plans to merge internet subsidiary Yahoo Japan with messaging app operator Line Corp to create a $ 30 billion tech group The deal comes as SoftBank Group founder Masayoshi Son battles to restore his reputation after an ill-fated investment in office-sharing firm

Japan 's SoftBank Corp plans to merge internet unit Yahoo Japan with messaging app operator Line Corp to create a $ 30 billion tech giant , as it The merger deal is the latest example of consolidation in Japan 's technology industry. SoftBank this month completed its acquisition of online fashion

SoftBank Corp and Naver, which owns 73% of Line, plan to launch a tender offer for Line's remaining shares at 5,200 yen each - a 13.4% premium to the price before news of the merger broke. That values Line at about $12 billion.

Line's shares closed up 2.2% at 5,150 yen after the announcement. Shares in Z Holdings rose 1.2%, with Naver's shares up 2.9% and SoftBank Corp's down 0.3%.

Line has been looking for growth through expansion into areas such as QR code payments with Line Pay, but has been squeezed because of its limited funds and heavy-spending peers including SoftBank, which has a rival service called PayPay.

CLOSER TIES

The merger of Japan's most popular messaging app and one of the country's top online retailers is the latest consolidation in its tech industry, and comes as Rakuten is expanding into SoftBank's core business with the launch of mobile services.

Yahoo Japan this month completed its acquisition of online fashion retailer Zozo Inc, whose founder and ex-Chief Executive Yusaku Maezawa sold down his stake following a series of missteps.

Apple, Intel file antitrust case against SoftBank-backed firm over patent practices

  Apple, Intel file antitrust case against SoftBank-backed firm over patent practices Parody created by Hitler Rants Parodies using clips from Downfall (Der Untergang) HRP Discord: https://hitlerrantsparodies.com/discord Patreon: https://www.patreon.com/hitlerrantsparodies Website https://www.hitlerrantsparodies.com BitChute Channel https://www.bitchute.com/channel/hitlerrantsparodies/ Twitter Accounts https://twitter.com/HitlerHRP https://twitter.com/HRP_Parodies https://twitter.com/ReichNews Facebook Group & Page https://www.facebook.com/HRPDownfallParodies https://www.facebook.com/groups/HRP.Downfall.Parodies/ Instagram https://www.instagram.com/hitlerrantsparodies Subreddit https://www.reddit.com/r/HitlerRantsParodies Fegelbook https://www.fegelbook.com/ Steam Group http://steamcommunity.com/groups/hitlerrantsparodies Hitler Rants Parodies Wiki http://hitlerrantsparodies.wikia.

TOKYO: Japan 's SoftBank Corp plans to merge internet unit Yahoo Japan with messaging app operator Line Corp to create a $ 30 billion tech giant , as it It also offers Line a deep-pocket patron who can offer its tech expertise, including potentially via the giant Vision Fund. The deal comes as

Japan 's SoftBank Corp plans to merge internet unit Yahoo Japan with messaging app operator Line Corp to create a $ 30 billion tech giant , as it The merger deal is the latest example of consolidation in Japan ’s technology industry. SoftBank this month completed its acquisition of online fashion

The merger is driven by the two companies' "sense of crisis" over the rise of tech giants from the U.S. and China, Line CEO Takeshi Idezawa told a news conference, wearing a tie in Yahoo Japan's red corporate color.

SoftBank Group's Son frequently laments Japan's tardiness in emerging fields like artificial intelligence, with Monday's presentation showing even after combining the company's research and development budget would be dwarfed by overseas rivals.

Yahoo Japan CEO Kentaro Kawabe, who was wearing a tie in Line's corporate green, declined to comment on which services would be combined or abolished post-merger. Kawabe and Idezawa will serve as joint CEOs after the merger.

Line was launched to overcome downed networks in the aftermath of a 2011 earthquake and tsunami before building a strong following with its use of colorful emojis, eventually listing in 2016.

But the messaging service struggled to make inroads in countries dominated by apps like Facebook's WhatsApp and eventually retrenched in its core markets of Japan, Taiwan, Thailand and Indonesia.

Coming at a time of heightened political tension between Japan and South Korea, the merger might be the two countries' most significant economic cooperation of the last decade, Jaewoong Lee, a South Korean serial entrepreneur and founder of Naver rival Daum wrote on his Facebook page late on Sunday.

Z Holdings will continue to be a consolidated subsidiary of SoftBank Corp, which is a unit of investment conglomerate SoftBank Group Corp.

SoftBank was advised by Mizuho Securities, a unit of Mizuho Financial Group while Naver was advised by Deutsche Bank.

(Reporting by Sam Nussey; Additional reporting by Ju-min Park in Seoul; Editing by Christopher Cushing/Mark Potter/Jane Merriman)

PayPal to Acquire Online Coupon Site Honey for $4 Billion .
PayPal Holdings Inc. will acquire Honey Science Corp. for about $4 billion, its largest-ever acquisition, adding a startup that amasses valuable data on consumer buying habits and doles out coupons for online bargains. About 17 million people use Honey apps or web browser extensions to find discounts at online shopping sites. The startup was profitable in 2018, PayPal said in a statement. Shares of the payments giant were little changed in extended trading.

—   Share news in the SOC. Networks

Topical videos:

usr: 0
This is interesting!