Tuesday, April 24, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
First-Quarter Lobbying Expenditures: Google, AT&T, Comcast and Comcast Remain Top Spenders
Samsung Launches Six Original Series on Samsung VR Video Service on Gear VR
Facebook Says Users Are Not Products, the Social Network Is
European Regulators Investigate Apple's Proposed Acquisition of Shazam
Amazon is Working on Home Robots: report
7nm Volume Production to Fuel TSMC's Profits This Year
Toshiba Weighs Memory Chip Unit Options
Google Chat Launches to compete with Apple's iMessage
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Sharp T...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, May 18, 2017
Sharp To Invest $1 billion in SoftBank's Tech Fund


Sharp said on Thursday it would invest up to $1 billion in SoftBank Group's planned $100 billion Vision private fund, as the company moves forward to transform itself into one of the world's top "IoT companies."



In the consolidated results of fiscal year ended March 31, 2017, Sharp's operating income was positive for the first time in 3 years due to it returning to profitability in all of its business units.

The investment period is 5 years and Sharp's commitment (maximum contribution) is USD 1 billion.

Taiwan's Foxconn, the parent of Sharp, has also said it intends to invest in the fund, as well as Apple Inc and chipmaker Qualcomm.

Softbak Group has been heavily investing in the tech sector.

On February 16, 2016, SoftBank announced they would rebuy a record 14.2% of shares, valued at $4.4bn, in order to boost investor confidence. On March 31, 2016, they announced they would sell shares worth $7.9 billion of their stake in Alibaba Group. On June 21, 2016, SoftBank sold its 84% stake in Supercell for reported US$7.3 billion to Tencent.

In July 2016, the Japanese group announced the company's largest deal ever to buy British chip designer ARM Holdings for more than US$32 billion. This acquisition was completed on September 5, 2016.

On December 6, 2016, after meeting with U.S. President-elect Donald Trump, chief executive Masayoshi Son announced SoftBank will be investing US$50bn in the United States toward businesses creating 50,000 new U.S. jobs.

On February 14, 2017, SoftBank Group agreed to buy Fortress Investment Group LLC for $3.3 billion. In February 2017, it was announced that Social Finance Inc. was close to raising $500 million from an investor group led by Silver Lake, and also including Softbank. Finally on March 28, 2017, the Wall Street Journal reported that SoftBank Group Corporation had approached Didi Chuxing Technology Co. about investing $6 billion to help the ride-hailing firm expand in self-driving car technologies," with the bulk of the money to come from SoftBank's $100 billion Vision Fund.



Previous
Next
Qualcomm Demos Wireless Electric Vehicle Charging        All News        European Commission Fines Facebook €110 Million for Providing Misleading Information About WhatsApp Takeover
Qualcomm Demos Wireless Electric Vehicle Charging     General Computing News      European Commission Fines Facebook €110 Million for Providing Misleading Information About WhatsApp Takeover

Get RSS feed Easy Print E-Mail this Message

Related News
Sharp's 6-Inch Mono-Crystalline Silicon Solar Cell has a Full Size Conversion Efficiency of 25.09 Percent
Sharp TV Sales Lift Company's Profit
SoftBank Becomes Uber's Largest Shareholder
iPhone Assembler Hon Hai to Get OLEDs from Sharp
SoftBank Consortium Buys Stake in Uber
Uber Board Approves SoftBank's $10 billion Investment
SoftBank's Sprint Partners With Cable TV Company Altice
Sprint, T-Mobile Merger Talks Stopped: report
Sharp Releases the AQUOS 8K in Japan, China, Taiwan, and Europe
Sharp Sees Collaboration With Japan Display
Sharp Sues Hisense over 'Shoddily' Made TVs
SoftBank to Buy Alphabet's Robot Maker Boston Dynamicsaft

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .