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Japan Inc will struggle to follow SoftBank's lead and go big with Trump
Economic Times
ยท
5m ago
Medial
SoftBank CEO Masayoshi Son's bold investment in AI within the US exemplifies a high-stakes approach to navigating the Trump administration's policies. While Son's strategy includes major pledges like a $100 billion investment and the $500 billion Stargate AI venture, many Japanese corporations, adhering to traditional, cautious planning, find it challenging to emulate. Son's swift decisions, driven by personal ideology rather than typical corporate methods, contrast with Japan Incโs strategic planning, making replication difficult.
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Donald Trump family Bitcoin company announces plan to go public
Economic Times
ยท
2m ago
Medial
American Bitcoin, co-founded by Eric Trump, plans to go public through a merger with Gryphon Digital Mining Inc. The company focuses on bitcoin mining, expanding the Trump family's involvement in the crypto industry. This move allows traders to invest in a Trump family entity. The firm's connection to the Trumps, highlighted by Eric Trump's role, raises ethical concerns. The family also launched other crypto ventures, with Eric Trump playing a key branding role.
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SoftBank fund sells more of its FirstCry stake ahead of IPO
Economic Times
ยท
1y ago
Medial
SoftBank's Vision Fund has sold more of its stake in FirstCry, an Indian parenting platform, ahead of its IPO. The move suggests that SoftBank is looking to cash out its investments in the company. FirstCry is expected to go public in the coming months, and this stake sale gives an indication of SoftBank's strategy with regards to its portfolio companies.
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โLetโs cry togetherโฆโ: Jensen Huang jokes with Masayoshi Son about SoftBank ditching Nvidia stake | Company Business News
Livemint
ยท
8m ago
Medial
SoftBank was previously the largest shareholder of Nvidia, according to Nvidia's CEO, Jensen Huang. He unveiled this detail during an event in Tokyo where he shared the stage with SoftBank's CEO, Masayoshi Son. Huang also praised Son for his achievements, including his role in bringing innovators like Bill Gates and Steve Jobs to Japan. The two companies plan to collaborate on building a supercomputer that utilizes Nvidia's new Blackwell design to support various AI applications in Japan.
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Coca-Cola bottler SLMG appoints new CEO
Thehindubusinessline
ยท
1y ago
Medial
Coca-Cola bottler SLMG Group has appointed Costin Mandrea as its CEO. Mandrea, who has more than 25 years of experience in the beverage industry, previously held roles at Coca-Cola Hellenic and Coca-Cola Bottlers Japan Inc. SLMG Group chairman S N Ladhani expressed confidence in Mandrea's leadership abilities, stating that he is well-suited to lead the company's expansion efforts. Mandrea said he is eager to work with the team and use his experience to drive innovation and growth for the company.
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Some CEOs see growing potential for tech acquisitions
Livemint
ยท
1y ago
Medial
Chief executives are increasingly looking to make tech acquisitions as favorable market conditions present good deal-making opportunities. Rising interest rates over the past two years have given companies more leverage in M&A negotiations, making it easier to compete with financial buyers like private-equity firms. Many tech companies are under pressure, making them more open to a sale as they struggle to raise follow-on capital or go public. CEOs see M&A as a way to supplement research and development, acquire talent, and expand their market. However, caution is advised, as many M&A deals fail to meet expectations.
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Bain to Make $4.2 Billion Hostile Bid for Fuji Soft Against KKR
Livemint
ยท
7m ago
Medial
Bain Capital plans to proceed with a bid to buy shares of Fuji Soft Inc., a Japanese software company, without support from the company's board of directors. This marks a rare hostile bid in Japan against KKR & Co. last week. Bain Capital offered a higher price per share than KKR, but Fuji Soft's board rejected it in favor of going private with KKR. Bain Capital has raised concerns about the company's privatization process and will launch its bid if KKR's ongoing tender offer fails. Private equity firms typically prefer a low-key approach in Japan, making this development significant.
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Son's strategic moves propel SoftBank to expected $373 billion net income
Livemint
ยท
1y ago
Medial
SoftBank Group is expected to report a net income of ยฅ373 billion ($2.5 billion) for the quarter ending in December 2021, marking a strong comeback after a challenging period. This is due to a gain on its stake in T-Mobile USA Inc. and the rising valuations of startups in its Vision Fund portfolio. The rally in Arm Holdings Plc shares, one of SoftBank's biggest holdings, has also contributed to the firm's net asset value. However, there are concerns about SoftBank's portfolio of privately-held startups and its dependence on Arm's share price.
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Trump threatens 25% tariffs on iPhones made outside the US | TechCrunch
TechCrunch
ยท
1m ago
Medial
President Trump threatened Apple with a 25% tariff on iPhones unless it moves production to the U.S. He expressed this demand on Truth Social, highlighting Apple's efforts to shift manufacturing to India amidst the U.S.-China trade war. Trump's remarks follow Foxconn's $1.5 billion investment in India. Tim Cook indicated many iPhones sold in the U.S. will originate from India. Trump has also pressured Walmart regarding tariff costs.
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SoftBank to log slim profit ahead of Masayoshi sonโs next AI bet | Mint
Livemint
ยท
11m ago
Medial
SoftBank Group is expected to report a net income of ยฅ1 billion ($6.9 million) for the June quarter, compared to a loss of ยฅ477.6 billion a year ago. However, this small profit highlights the continued negative impact of loss-making startups on the company's books. SoftBank's stock recently suffered a sharp decline, which could affect its ability to secure financing. Despite this, founder Masayoshi Son is preparing for his next big bet on artificial intelligence, with plans to deploy $100 billion into AI-related chips. The recent acquisition of Graphcore reflects SoftBank's interest in the AI supply chain.
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South Korean game company Krafton to acquire Japan's ADK for $516 million
Economic Times
ยท
22d ago
Medial
South Korean game company Krafton Inc, known for "PUBG: Battlegrounds," plans to acquire Japan's advertising and animation group ADK for approximately $516 million. This acquisition will involve purchasing ADK Holdings' parent company from Bain Capital Japan. ADK, a leading Japanese advertising company, has contributed to over 300 animations, including well-known titles like Doraemon and Yu-Gi-Oh! The partnership aims to blend ADK's animation expertise with Krafton's global gaming development capabilities.
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