I would expect softbank to be up after the Yhoo/BCST merger since they are both Softbank Companies.
An old press release:
SOFTBANK Form Joint Venture To Launch Broadcast.com Japan
Tokyo, Japan, January 25, 1999 - SOFTBANK CORP. (TSE: 9984) and Broadcast.com (Nasdaq: BCST) announced that they have formed a joint venture to launch Broadcast.com Japan. Utilizing streaming media, the new joint venture will aggregate and broadcast Japanese language-based audio and video programming to Internet users in Japan.
The new venture will be capitalized with Y550,000,000 of paid-in capital. Ownership will be split as follows: SOFTBANK (50%), Broadcast.com (40%), and Yahoo! Japan (10%).
Streaming technology enables media to provide users with the information they want, when they want it. In the United States, Broadcast.com provides on-demand audio and video programming to Internet users at no cost. The users then can freely use this content on their own computers.
For Internet advertisers this is the beginning of a completely new marketplace. Through the development of this new, precise advertising media, advertisers will be able reach customers, utilizing this advanced advertising, in a direct and cost effective manner.
Through the development of today's current Internet technology, web sites will be able to support smooth dynamic audio and video content. In this environment we foresee a shift from still, silent Internet ad banners to banners that include audio and video. Broadcast.com actively promotes the development and implementation of low cost Internet-based technology that supports interactivity between advertisers and users in a convenient environment.
Reference Information
1.Joint Venture Broadcast.com Japan
2. Headquarters: Tokyo, Chuo-ku, Nihonbashi-Hakozakicho 24-1
3. Founded: January 1999
4. Business: The provision of Internet-based audio and video programming
5. Chief Executive Officer: Masayoshi Son
6. Paid-in Capital: Y550,000,000
7. Ownership Percentages: SOFTBANK CORP (50%), Broadcast.com (40%) Yahoo! Japan Corporation (10%)
1.Broadcast.com inc.
2. Founded: September 1995
3. Headquarters: Dallas, Texas
4. Officer: Business: The provision of Internet-based audio and video programming
5. Chief Executive: Mark Cuban (President and Co-Founder) Todd Wagner (CEO and Co-Founder)
6. Employees: 275 |
