Altaba Inc, formerly known as Yahoo! Inc, said it expects to incur a total of $47 million in litigation expenses to settle the three cases for failing to disclose the 2014 cybersecurity breach.
News
SoftBank to inject $2.25B in General Motors’ self-driving unit
Japan's Softbank is pouring $2.25 billion in investments to General Motors' autonomous vehicle unit Cruise.0 2337
Aspiring Tesla rival might land investment from Saudi PIF
Saudi Arabia sovereign wealth fund is in talks to invest in Lucid Motors, an aspiring Tesla rival, according to a …
Fintech innovators to take centre stage in Abu Dhabi
Abu Dhabi Global Market (ADGM) has opened the second edition of the FinTech Abu Dhabi Summit.
Coming soon to UAE: SoftBank-backed vertical farm
Plenty Inc. plans to start selling locally grown produce, including kale and other leafy greens, to communities in Abu Dhabi and Dubai early next year, Bloomberg reported.
SoftBank monetises tech investments, reports profit increase
Japan’s SoftBank Group Corp reported a 49 percent jump in quarterly profit on Monday, Reuters reported.
SoftBank Vision Fund to invest $1 billion in Chinese AI giant
SoftBank Group Corp’s Vision Fund is seeking to invest almost $1 billion in SenseTime Group Ltd, a Chinese facial recognition technology developer, Bloomberg reported.
Softbank raises stake in Yahoo Japan
SoftBank Group is increasing its stake in Yahoo Japan through a $2 billion, three-way deal with US firm Altaba.
China-backed fund brings new opportunities to Middle East tech firms
London-based investment firm Centricus has partnered with Chinese firms China Merchants Group and SPF Group to launch a $15 billion fund aimed at technology companies globally.
“SoftBank Son’s US investment $72 billion”: President Trump
U.S. president Donald Trump said on Thursday that SoftBank CEO Masayoshi Son is increasing his investment in the United States …
SoftBank’s Masayoshi Son on the hunt for global tech unicorns
SoftBank Group Corp’s CEO Masayoshi Son said on Wednesday he plans to devote the bulk of his time on the double down on the firm’s ambitious tech investment strategy.