View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 16, 1995


By CBR Staff Writer

A monster bid in the computer peripherals sector is on the way from Softbank Corp of Tokyo – but no-one knows where to look. The company announced on Friday that it was seeking some $630m after expenses in an issue of new shares (see page five) – and says all the money is wanted to cover part of the cost of the planned acquisition. It says it is in talks with the unidentified company – and that it will be raising more than twice as much as the $630m from other sources for the acquisition, so we are talking some $2,000m. It is not even known whether Softbank, which bought the Comdex exhibitions last year, is buying someone like Alps Electric Ltd or Wearnes Group Pvt Ltd, or a US company, although there has been talk that Quantum Corp is seeking a cash injection. But most of Quantum’s disks are made by a Matsushita Electric Industrial Co affiliate, and so that would be the obvious first port of call for cash.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.