SoftBank sues Rakuten, ex-worker over using leaked 5G technology info
Japanese wireless carrier SoftBank Corp. said Thursday it has filed a damages suit against a former employee and rival Rakuten Mobile Inc. for illegally using the plaintiff s 5G network technology information leaked by the ex-SoftBank worker.
In the lawsuit with the Tokyo District Court, SoftBank Group Corp. s mobile phone service subsidiary is seeking 1 billion yen ($9.1 million) as part of its alleged damages totaling about 100 billion yen, it said.
SoftBank is also demanding suspension of the use of Rakuten s base stations which have allegedly been built based on the leaked information and that they be scrapped.
Japan
Tokyo
Japanese
Kuniaki-aiba
Rakuten-mobile-inc
Tokyo-district-court
Softbank-corp
Softbank-group-corp
Softbank
Rakuten-group-inc
Rakuten-mobile
Softbank-group
What Is the Line App? Everything Brands Need to Know in 2021
Learn how you can reach large audiences in Japan and Southeast Asia with the Line app, a one stop shop social experience for users and brands. Katie Sehl April 29, 2021
The Line app is big in Japan. In the 10 years since its launch, Line has become the leading social platform in the country, with roughly 68% of the population on the app. Apart from YouTube, no other social network has been able to rival Line’s hold on the Japanese market.
Line started as a mobile messaging app, but has since evolved into a “super app” of sorts, with a mission to become the “life infrastructure” for its users.
China
Japan
Thailand
South-korea
Switzerland
Singapore
Thai
Japanese
South-korean
Marc-steinberg
Instagram
Starbucks
SoftBank Nears End of $23 Billion Buyback, Imperiling Bull Run
Bloomberg 3 hrs ago Pavel Alpeyev
(Bloomberg) Masayoshi Son has run almost all the way through $23 billion allocated to buy back SoftBank Group Corp. shares, raising concerns that his stock’s bull run will end without rapid intervention.
The Tokyo-based company purchased more than $20 billion worth of its own shares over the past year through March, according to SoftBank filings, an unprecedented effort that more than doubled the value of the stock. Now, with only about 10% of the committed capital left, the program may run out as soon as next month, Bloomberg’s calculations show.
China
Japan
Tokyo
Singapore
Japanese
Chinese
Masayoshi-son
Justin-tang
Jefferie-goyal
Kirk-boodry
Kiyoshi-ota-bloomberg
Boodry-at-redex-research