Nuro is one of the very few companies being allowed to operating fully driverless vehicles on public roads today and they have just gotten and they have just hiit the big time. Nuro has is getting a big boost from SoftBank. The Japanese firm’s Vision Fund just put $940 million into driverless delivery vehicle startup. […]
SoftBank’s Vision Fund announced this week that it sold the entirety of its $3.63 billion investment in the chip-maker. SoftBank was one of Nvidia’s largest investors, but it dumped its share on January 10 the investment group said in its Q3 earnings for its fiscal year 2019. It was a little over 39.8 billion yen […]
SoftBank, a major hold of Sprint, has majorly cut back plans for an plan investment in WeWork, the shared-office firm. The street now had SoftBank only putting up $2 billion into WeWork this year. At one time the buzz has the Japanese firm putting over around $16 billion. Plus the new deal deal will now […]
Sprint today announced some leadership changes. CEO Marcelo Claure is moving to Sprint’s parent company, SoftBank, where he will oversee Sprint’s merger with T-Mobile. Claure’s new role will be selling the merger to U.S. regulators. He will remain on the board of directors at Sprint. Claure has been Sprint’s CEO since 2014. Moving forward, President and […]
T-Mobile is in a new round of talks to acquire Sprint Corp per a Reuters report. If rrue, this is the third major effort to combine the third- and fourth-largest U.S. wireless carriers in the last four years.
SoftBank Group, the parent company of Sprint, is weighing whether or not to offer shares in its own Japan-based wireless company. Under the direction of CEO Masayoshi Sun, SoftBank has transformed itself in recent years into an investor in technology companies. The goal of the IPO would be to raise about $18 billion in funds […]
SoftBank Group Corp., a major owner of Sprint in the U.S., has taken a major stake in Uber Technologies Inc. at a steep discount to the company’s previous valuation. Uber investors and employees tendered shares equal to about 20% of the company in an offer by a SoftBank-led consortium that values Uber at $48 billion—a […]
Sprint today voiced its support of the recently ratified NSA 5G NR specification and revealed its own plans for deploying 5G. The specification for NSA 5G NR includes support for up to 100 MHz on a single carrier (in the 2.5 GHz band) versus today’s limit of 20 MHz per carrier. Sprint holds a massive 160 […]
Sprint and T-Mobile may not be merging after all. SoftBank, the majority owner of Sprint, plans to break off merger talks, according to Reuters. SoftBank and T-Mobile owner Deutsche Telekom haven’t been able to agree on who will own the combined company. T-Mobile and Sprint are the country’s third- and fourth-largest carriers, when measured by customers. […]
T-Mobile and Sprint have made significant progress in ironing out merger terms, according to Reuters. T-Mobile and Sprint have made a “major breakthrough” on a merger between them. SoftBank, Sprint’s parent, would own between 40% and 50% of the combined company, with Deutsche Telekom, T-Mobile’s parent, owning the majority stake. These terms are near final and […]
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