Key Developments: Softbank Corp (9984.T)

9984.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SoftBank Corp and Bharti acquires 36.5 pct stake in ScoopWhoop-Business Standard
Monday, 3 Nov 2014 01:24am EST 

SoftBank Corp:Bharti Softbank, a joint venture company of Bharti Enterprises and Softbank Corp, said it has acquired 36.5 pct equity stake in entertainment media startup ScoopWhoop-Business Standard.The company did not disclose value of the deal.  Full Article

SoftBank Group to invest $627 million in Snapdeal
Monday, 27 Oct 2014 11:00pm EDT 

SoftBank Corp:Says that SoftBank Internet and Media Inc (SIMI) and Snapdeal announced definitive agreements under which the SoftBank Group will become largest investor in Snapdeal, through total investment of $627 million.Through this strategic investment and partnership with Snapdeal, the SoftBank Group aims to further strengthen its presence in India.  Full Article

SoftBank Corp to issue mid-year dividend for FY 2015
Thursday, 23 Oct 2014 03:00am EDT 

SoftBank Corp:To issue a mid-year dividend of 20 yen per share to all the shareholders of record as of Sep. 30, for FY ending March 2015.Payment date Dec. 15.Says latest dividend forecast was 20 yen per share.  Full Article

Softbank subsidiary Yahoo Japan Corp offers takeover bid for fully acquisition of Carview Corp
Wednesday, 22 Oct 2014 02:00am EDT 

Yahoo Japan Corp:Softbank's subsidiary Yahoo Japan Corp to fully acquire Carview Corp by offered a takeover bid for 6,149,360 ordinary shares (or no less than 2,067,400 shares) and stock options of Carview Corp.Offered purchase price at 863 yen per share, and 57,600 yen per unit of stock options.Takeover bid total amount at 5,022 mln yen.Offering period from Oct. 23 to Dec. 8.Settlement starts on Dec. 15.  Full Article

SoftBank Corp and Legendary to form strategic partnership
Thursday, 2 Oct 2014 11:15am EDT 

SoftBank Corp:Announced a definitive agreement under which SoftBank will invest $250 million in Legendary.Says the two companies will also form a joint venture to exploit Legendary's intellectual property rights, including in television, digital, licensing and merchandising and other ancillary lines.  Full Article

SoftBank Corp's subsidiary completes acquisition of Synergy Marketing
Thursday, 25 Sep 2014 03:21am EDT 

SoftBank Corp:Says its subsidiary Yahoo Japan Corporation, board commences to make Synergy Marketing, Inc. a wholly-owned subsidiary of Yahoo Japan by acquiring all of its common stock.Excluding treasury stock held by Synergy Marketing but including common stock to be issued upon exercise of stock acquisition rights, and all of stock acquisition rights, and implemented the Tender Offer from Aug. 08.Says the Tender Offer was completed on Sept. 24.  Full Article

SoftBank Corp to issue 46th series mezzanine bonds
Wednesday, 27 Aug 2014 10:30pm EDT 

SoftBank Corp:To offer 400 billion yen 46th series unsecured corporate bonds through public offering.Says each bonds worth 1 million yen.Bonds interest rate at 1.26 pct.Bonds maturity on Sep. 12, 2019.Subscription date during Aug. 29 to Sep. 11 and payment date on Sep. 12.Mizuho Securities, Nomura Securities, Daiwa Securities, Mitsubishi UFJ Securities Holdings, SMBC Nikko Securities, SBI SECURITIES, Okasan Securities, Iwai Cosmo Securities and Tokai Tokyo Securities are co-leading underwriters of the issue.  Full Article

Gungho Online Entertainment Inc announces revisal of subsidiary transaction to SoftBank Corp
Wednesday, 27 Aug 2014 02:00am EDT 

Gungho Online Entertainment Inc:Says effective date of transaction of subsidiary GGF B.V to SoftBank Corp, was Aug. 26, not Aug. 25.  Full Article

Gungho Online Entertainment Inc to sell subsidiary to SoftBank Corp
Thursday, 21 Aug 2014 04:45am EDT 

Gungho Online Entertainment Inc:To sell a 100 pct stake (one share) in subsidiary GGF B.V that based in Netherlands as a holding company, to SoftBank Corp.Transaction amount is about 35,719 mln yen.Effective Aug. 25.  Full Article

SoftBank Corp to acquire stake in U.S-based subsidiary
Wednesday, 6 Aug 2014 08:35am EDT 

SoftBank Corp:To acquire 8,202,137 shares (a 37.7 pct stake) in a 62.3 pct-owned subsidiary Brightstar Global Group Inc, which based in U.S and it is the holding company of Brightstar Corp, from its president and CEO.Says to hold 100 pct stake in Brightstar Global Group Inc after this acquisition.Amount $298 mln or about 30.7 bln yen.Expected complete on Aug. 6.  Full Article

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Indian retailers hobble online as e-commerce firms race ahead

MUMBAI - The head of Future Group, one of India's largest and most established retailers, admits he can't keep up with web sites like Snapdeal and Flipkart when it comes to spending money to entice shoppers to buy online.

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