Talk:SoftBank Group/Archives/2019

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Odd: No mention of purchase of Kingston Technology (1996)

Softbank bought 80% of memory manufacturers Kingston Technology in 1996. When the owners-founders (John Tu-David Sun) announced plans to distribute $100,000,000 of the $1.5B windfall to Kingston employees, it created a VERY high profile media stir that lasted well thru the 1996 Christmas season; it was on all US networks, as well as international. (A few years later, after the market for memory softened substantially, Softbank sold the company back to the original owners for about 30 cents on the dollar.) The 1996 purchase: https://www.google.com/search?q=softbank+kingston&rlz=1C1SQJL_enUS775US775&oq=softbank+kingston&aqs=chrome..69i57j33.6430j0j8&sourceid=chrome&ie=UTF-8 72.211.218.141 (talk) 20:09, 8 November 2019 (UTC)