SoftBank's robotics arm said on Monday it will bring a food service robot developed by California-based Bear Robotics to Japan as restaurants grapple with labour shortages and a new socially distanced norm as a result of the novel coronavirus. Ciara Lee reports
Japan's SoftBank Group Corp. bought $4 billion of shares in tech companies and another $4 billion of call options. Business Insider says the purchase is tied to roughly $50 billion in tech stocks, Regulatory filings showed Softbank's tech-stock buying activity. The filings did not show the options purchase. According to the Wall Street Journal Softbank sold the call options at a higher price.
The Wall Street Journal is reporting that streaming service Quibi is considering shutting down. Quibi has struggled to gain a foothold in the streaming industry since its launch in April. Business Insider reports that Quibi has failed to attract viewers and none of its shows have become major hits. Last month WSJ reported that Quibi was exploring multiple options, including a possible sale. The company boasted Hewlett Packard Enterprises CEO Meg Whitman as its CEO.