softbank

<div></div><div>c<a rel="nofollow" target="blank" href="https://medium.com/@stroudjournalism/ceo-of-surveillance-firm-banjo-once-helped-kkk-leader-shoot-up-synagogue-fdba4ad32829?source=email-614f991bbfe0-1589456083278-digest.reader------1-49------------------5abbf06c_7f26_4400_9bf8_ec8608ac84f6-11-----&sectionName=topic" style="font-family: Arial, sans-serif; font-size: 18px; font-weight: 700; text-decoration-line: none; color: rgb(51, 51, 50); outline: none;">EO of Surveillance Firm Banjo Once Helped KKK Leader Shoot Up a Synagogue</a></div><div class="yiv6483358871email-digestPostSubtitle" style="color: rgba(0, 0, 0, 0.9); font-family: Arial, sans-serif; background-color: rgb(255, 255, 255); margin: 4px 0px 0px; padding: 0px; line-height: 1.33; font-size: 15px;">Documents reveal Damien Patton, CEO of SoftBank-backed Banjo, admitted to being a Neo-Nazi skinhead in his…</div><div class="yiv6483358871email-marginTop8 yiv6483358871email-xs-marginTop10 yiv6483358871email-fontSize15 yiv6483358871email-textDarkerGray" style="font-family: Arial, sans-serif; background-color: rgb(255, 255, 255); margin: 8px 0px 0px; padding: 0px; font-size: 15px; color: rgb(117, 117, 117);"><a rel="nofollow" class="yiv6483358871email-link yiv6483358871email-textDarkerGray" target="blank" href="https://medium.com/@stroudjournalism?source=email-614f991bbfe0-1589456083278-digest.reader-------------------------5abbf06c_7f26_4400_9bf8_ec8608ac84f6" style="text-decoration-line: none; font-weight: bold; color: rgb(117, 117, 117); outline: none;">Matt Stroud</a> in <a rel="nofollow" class="yiv6483358871email-link yiv6483358871email-textDarkerGray" target="blank" href="https://medium.com/one-zero?source=email-614f991bbfe0-1589456083278-digest.reader-------------------------5abbf06c_7f26_4400_9bf8_ec8608ac84f6" style="text-decoration-line: none; font-weight: bold; color: rgb(117, 117, 117); outline: none;">OneZero</a></div><div class="yiv6483358871email-marginTop8 yiv6483358871email-xs-marginTop10 yiv6483358871email-fontSize15 yiv6483358871email-textDarkerGray" style="font-family: Arial, sans-serif; background-color: rgb(255, 255, 255); margin: 8px 0px 0px; padding: 0px; font-size: 15px; color: rgb(117, 117, 117);">
</div><div class="yiv6483358871email-marginTop8 yiv6483358871email-xs-marginTop10 yiv6483358871email-fontSize15 yiv6483358871email-textDarkerGray" style="font-size: small; background-color: rgb(255, 255, 255); margin: 8px 0px 0px; padding: 0px;"><a href="https://medium.com/@stroudjournalism/ceo-of-surveillance-firm-banjo-once-helped-kkk-leader-shoot-up-synagogue-fdba4ad32829" style="text-decoration-line: none; font-weight: bold; color: rgb(0, 51, 153); outline: none;">https://medium.com/@stroudjournalism/ceo-of-surveillance-firm-banjo-once-helped-kkk-leader-shoot-up-synagogue-fdba4ad32829</a></div><div></div><div>http://money.cnn.com/2016/12/07/technology/masayoshi-son-trump-softbank-japan/</div><div>
</div><div><h2 style="box-sizing: border-box; margin: 0px; padding: 0px 0px 30px; font-weight: 300; line-height: 38px;">Masayoshi Son is not a household name in America. Yet.</h2>But the billionaire founder and CEO of Japan's SoftBank (<a href="http://money.cnn.com/quote/quote.html?symb=SFTBF&source=story_quote_link" class="inlink" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">SFTBF</a>) loves to make a splash and is rapidly gaining a global profile thanks to a series of big deals.<div id="ie_column" style="box-sizing: border-box; margin: 0px; padding: 0px; float: left; position: relative; overflow: hidden;">He met with Donald Trump in New York on Tuesday, after which the president-elect tweeted that "Masa" had <a href="http://money.cnn.com/2016/12/06/technology/trump-japan-softbank/index.html?iid=EL" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">agreed to invest $50 billion</a> in the U.S. Son said he would pump the money into startups.<a href="http://money.cnn.com/2016/12/06/technology/trump-japan-softbank/index.html?iid=EL" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">Related: Trump claims credit for $50 billion investment by Japanese firm</a>Son is obsessed with the future. During an earnings call last month, he said he wanted to be tech's Warren Buffett, and he has a <a href="http://www.softbank.jp/en/corp/about/philosophy/vision/" target="blank" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">300-year plan</a> for SoftBank (<a href="http://money.cnn.com/quote/quote.html?symb=SFTBF&source=story_quote_link" class="inlink" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">SFTBF</a>). Yes, 300 years.He wants his company to help break down language barriers and allow people to communicate telepathically.It may seem odd that a billionaire who wants to make silent communication a reality, just met with a billionaire known for loudly expressing his views at massive rallies. But not for Son.<a href="http://money.cnn.com/2016/12/05/news/donald-trump-japan-ivanka-clothing-deal/index.html?iid=EL" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">Related: Is Ivanka Trump mixing Japanese business with pleasure?</a>He has a track record of meeting directly with world leaders to talk business. Last week, he <a href="https://twitter.com/PMOIndia/status/804679847054163968" target="blank" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">chatted with </a>Prime Minister Narendra Modi about SoftBank's $10 billion investment in India's technology sector.In September, he <a href="http://english.yonhapnews.co.kr/news/2016/09/30/0200000000AEN20160930003552315.html" target="blank" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">called on</a> President Park Geun-hye to talk about investing in South Korea.Despite his ability to open doors, he hasn't always had things easy in the U.S. <a href="http://money.cnn.com/2012/10/15/technology/sprint-softbank-purchase/?iid=EL" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">SoftBank paid more than $20 billion</a> to take control of Sprint (<a href="http://money.cnn.com/quote/quote.html?symb=S&source=story_quote_link" class="inlink" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">S</a>) in 2012, but regulators blocked his attempt to merge the struggling mobile carrier with T-Mobile (<a href="http://money.cnn.com/quote/quote.html?symb=TMUS&source=story_quote_link" class="inlink" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">TMUS</a>) in 2014.After Tuesday's meeting, Son said he decided to back American startups because Trump had made deregulation part of his platform.<figure class="body_img body_img--780" style="box-sizing: border-box; margin: 0px 0px 30px; padding: 0px; float: right; width: 780px; height: auto;">
<figcaption class="caption" style="box-sizing: border-box; margin: 15px 0px 0px; padding: 0px; line-height: 18px;">Son invented a pocket translator when he was 20. He sold it to Sharp Corporation for $1 million.</figcaption></figure><a href="http://money.cnn.com/2016/07/18/investing/softbank-arm-holdings-uk?iid=EL" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">Related: Softbank buys Britain's ARM Holdings in record $32 billion deal</a>Tuesday's announcement wasn't the first deal Son has struck after a huge political shift. SoftBank <a href="http://money.cnn.com/2016/07/18/investing/softbank-arm-holdings-uk/?iid=EL" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">bought Britain's ARM Holdings </a>in a record $32 billion deal less than a month after the U.K. voted to leave the European Union."<a href="http://edition.cnn.com/2016/12/06/europe/eu-brexit-negotiations-michel-barnier/?iid=EL" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">Brexit</a> did not effect my decision," Son told reporters at the time. "I was waiting to have the cash on hand."Early investor in Yahoo and AlibabaBut the timing of the deal meant Softbank bought a prized asset on the cheap, when the pound was down more than 27% against the yen.SoftBank has invested in some highly-valued tech startups across the world. Among them: personal finance firm SoFi and Uber competitors Ola in India, Grab in southeast Asia and Didi Chuxing in China, according to PitchBook.Son was one of the earliest investors in Yahoo (<a href="http://money.cnn.com/quote/quote.html?symb=YHOO&source=story_quote_link" class="inlink" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">YHOO</a>, <a href="http://money.cnn.com/technology/tech30/index.html?iid=EL" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">Tech30</a>), from which he made a fortune. He also got in early on Chinese e-commerce giant Alibaba (<a href="http://money.cnn.com/quote/quote.html?symb=BABA&source=story_quote_link" class="inlink" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">BABA</a>, <a href="http://money.cnn.com/technology/tech30/index.html?iid=EL" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">Tech30</a>), taking a 32% stake in the company.<a href="http://money.cnn.com/2016/06/01/technology/softbank-alibaba-share-sale/?iid=EL" style="box-sizing: border-box; margin: 0px; padding: 0px; text-decoration: none;">Related: Big shareholder Softbank dumping nearly $8 billion in Alibaba stock</a>Dot.com bust nearly wiped him outSoftBank recently took a hit from its Sprint acquisition. But Son has lost big before. As the dot.com bubble burst, he reportedly lost $70 billion in one day. He admits that 99% of his net worth was wiped out in 2000.His latest big venture is a $100 billion fund launched by SoftBank and the government of Saudi Arabia in October. "Life's too short" to do anything small, Son said recently in India....</div><div></div><div>Foxconn, the biggest assembler of Apple devices, is in preliminary discussions to make an investment that would expand the company's U.S. operations. From a report on Bloomberg:The disclosure came hours after an announcement by U.S. President-elect Donald Trump and SoftBank Group's Masayoshi Son to <a href="https://www.bloomberg.com/news/articles/2016-12-07/apple-s-top-assembler-foxconn-confirms-plans-for-u-s-investment" style="box-sizing: border-box; margin: 0px; padding: 0px; cursor: pointer;">invest $50 billion in the U.S. and create 50,000 jobs</a>. The money will come from SoftBank's $100 billion technology fund, which was announced in October, a person familiar with the matter said. A document that Son held up after the meeting in Trump Tower also included the words "Foxconn," "$7 billion" and "50,000 new jobs" in addition to SoftBank's numbers. "While the scope of the potential investment has not been determined, we will announce the details of any plans following the completion of direct discussions between our leadership and the relevant U.S. officials," Foxconn said in a statement. "Those plans would be made based on mutually-agreed terms."</div><div>
</div><div>=</div><div>https://www.yahoo.com/news/softbank-shares-soar-trump-boasts-50-bn-deal-045249239--finance.html</div><div>
</div><div>Taipei (AFP) - Taiwan's tech giant Foxconn confirmed Wednesday it is in talks over a new US investment, while SoftBank shares soared after President-elect Donald Trump unveiled a $50 billion deal with the two firms.Trump announced the agreement -- which he said would bring 50,000 jobs -- in the lobby of Trump Tower in New York, alongside SoftBank's flamboyant chief executive Masayoshi Son.Son brandished a document featuring the names of his firm and Foxconn which read: "Commit to invest $50bn + $7bn in US, generate 50k + 50k new jobs in US in next four years."Foxconn, a major supplier to Apple, confirmed in a statement it is "in preliminary discussions regarding a potential investment" that would expand its current US operations, but would give no further details."We will announce the details of any plans following the completion of direct discussions between our leadership and the relevant US officials," the statement said.The firm is the world's largest contract electronics maker and is best-known for assembling products for international brands such as Apple and Sony.But as Apple diversifies its supply chain, Foxconn has branched out into robotics, e-commerce, telecoms and biotech.Analysts said the potential deal reflected pressure on Apple to refocus on the US.Trump campaigned on a platform of bringing jobs back to the US which he said were being taken away, particularly by China."Trump is pressuring Apple to return to the United States and Foxconn as an Apple supplier is going there to be near its client to strengthen its ties with Apple," said Arthur Liao, an analyst at Fubon Securities.Liao said he expected the new investment to focus on automation, design, and research and development, rather than manufacturing due to high labour costs in the country.Foxconn, also known as Hon Hai, employs around a million workers at its factories across China and has operations in more than 10 countries including Vietnam, Brazil and Mexico.In the US, it has a plant in Virginia for packaging and engineering which employes over 400 people. It has also announced a $40 million investment in a facility in Pennsylvania to build precision tools and develop a robotics programme.Foxconn founder Terry Gou and SoftBank's Son are reported to be good friends -- Foxconn recently contract manufactured Softbank's talking humanoid "Pepper" robots, which have been introduced into workplaces around the world including in Taiwan.Shares in Foxconn ended 0.97 percent higher at Tw$83.1 in Taipei on Wednesday.- 'Trump will take action' -Shares in Tokyo-listed SoftBank also closed up 6.19 percent after Trump's announcement, which he made while wrapping an arm around Son."This is Masa of SoftBank from Japan and he's just agreed to invest $50 billion in the United States and 50,000 jobs," Trump told reporters.SoftBank declined to comment on details, but the funds will likely go towards acquisitions and investments in tech companies including start-ups, Japanese media said.Son has led the firm in a string of acquisitions including early investment in Alibaba, China's equivalent to eBay.He pointed to Trump's business experience as a plus."I expect there will be various forms of deregulation," under Trump, Son told Japanese journalists in New York."He has a lot of experience as a businessman. Unlike many politicians who do a lot of talking, but only talking, I feel like he will take action," he said.SoftBank reaped huge profits from a partial sale of its stake in Alibaba, while in June it sold Finnish game-maker Supercell Oy, creator of "Clash of Clans", to Chinese internet giant Tencent for $8.6 billion.But its US mobile unit Sprint, which it bought in 2013 for $22 billion, is still unprofitable.Son initially set his sights on a merger with US-based T-Mobile but the plan was abandoned owing to likely opposition from US regulators.Some analysts have also questioned SoftBank's most recent high-profile deal -- the $32-billion purchase of British iPhone chip designer ARM Holdings.There have been growing concerns about its balance sheet with SoftBank carrying more than $100 billion in debt.</div><div></div><div><a href="http://www.sourcewatch.org/index.php/Foxconn">http://www.sourcewatch.org/index.php/Foxconn</a></div><div></div></div>