Apple invests $1 billion in world’s biggest tech fund

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Apple invested $1 billion in Didi Chuxing last year.
Photo: Tim Cook/Twitter

Apple confirmed today that is getting into the venture capital game by investing in one of the world’s largest tech funds.

SoftBank’s new Vision Fund received $1 billion from Apple, according to a company spokesperson that revealed the company is investing in the $100 billion fund to gain access to future technology.

iPhone chip designer ARM to be snapped up for $32 billion

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ARM just sold for an arm and a leg.
Photo: Ste Smith/Cult of Mac

ARM Holdings, a.k.a. the company responsible for the mobile processor architecture which powers the iPhone and iPad, looks set to be bought by Japan’s SoftBank for an eye-watering (iWatering?) $32 billion, it has confirmed.

ARM’s board will recommend that shareholders accept the deal, which represents 43 percent over the company’s closing market value as per Friday. The news caused shares in ARM to leap up by 45 percent to 1,742.85p per share when the London Stock Exchange opened this morning.

iPhone 5S & iPhone 5C Coming To Japan September 20th [Report]

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Just to put the following report in the proper perspective, let’s start out by saying that two months ago — just two days after Apple debuted iOS 7 at WWDC 2013 — we predicted that the iPhone 5S would be released on September 20th later this year, after debuting ten days earlier.

How did we come up with that date? It was easy. We looked at what Apple had done in previous iPhone launches, and then took a look at the calendar for 2013. No soothsaying, no mysterious sources. It was as simple as that.

So when Japan’s largest industry newspaper, Nikkei, starts reporting that Apple will release the iPhone 5S and 5C on (yup) September 20th, you have to ask yourselves. Do they actually know? Or are they just fudging it?

Dish Network Looks To Acquire Sprint For $25.5 Billion

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Satellite TV provider Dish Network is looking to derail Sprint’s deal with SoftBank and acquire the carrier with a $25.5 billion bid. Dish has offered $17.3bn in cash and $8.2bn in stock for 100% of Sprint shares, and the company argues that the deal represents a 13% premium over SoftBanks “complicated” bid to acquire 70% for $20.1 billion.

Sprint Reports $1.3 Billion Loss For Q4 2012, Despite Best Ever Quarter For iPhone

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Sprint has today announced its fourth quarter and full year financial results for 2012, and they don’t make for pleasant reading. Despite healthy smartphone sales driven by the iPhone, the carrier reported a loss of $1.3 billion for during the three-month period, which is the same figure it lost during Q4 2011. It also saw more than 1 million Nextel subscribers jumping ship.

SoftBank Confirms It Will Acquire 70% Of Sprint For $20.1 Billion

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SoftBank will combine with Sprint to become one of the world's largest carriers.

SoftBank, Japan’s third-largest carrier, has this morning announced that it will acquire Sprint in a deal worth $20.1 billion. The company will purchase $8 billion in newly-issues shares from Sprint, in addition to $12.1 billion in existing shares — giving it a 70% stake overall.

Japanese Carrier SoftBank Planning To Buy Control Of Sprint [Rumor]

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SoftBank sees Sprint deal as the fastest route into the U.S.

Japan’s third-largest carrier is reportedly in talks to buy control of Sprint, according to two people familiar with the matter. SoftBank wants to snap up two-thirds of the company with a stake worth “more than” 1.5 trillion yen ($19 billion), and it’s also eyeing Sprint’s partner, Clearwire, too.

Thieves Steal $100,000 Worth Of iPhone 5s From Japanese Carriers

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Unfortunately, Find My iPhone won't help in this case.
Unfortunately, Find My iPhone won't help in this case.

Waiting in line for the latest iPhone is by no means a pleasant experience. Sure, Apple often hands out free coffee and cakes, but I’d sooner stroll into the store and straight back out again and pay for my own coffee on the way home. But for millions of us this morning, standing in line is the only way to secure an iPhone 5 on launch day.

That is, if you’re a law-abiding citizen. If you’re not, you might consider breaking into a local carrier store and stealing more than $100,000 worth of iPhone 5 units — just like thieves in Japan did today.