Android Co-Creator Loses Financing for Premium Smartphone
Earlier this year, we revealed that Android’s co-founder Andy Rubin started working on a premium bezel-less smartphone that would run the mobile operating system that he helped create. However, Andy Rubin’s startup company Essential Products has hit a road bump.
Japan-based Softbank has reportedly decided against investing $100 million in Essential, after the deal was in the works for months and even final investment contracts were drafted. Softbank was thought to help Rubin sell its smartphone in Japan, but the company apparently decided that this wasn’t a good idea.
The Wall Street Journal cited unnamed sources that claimed Softbank was worried about a possible conflict of interest. Apparently, Softbank’s CEO Masayoshi Son intends to launch Vision Fund investment group later this year and Apple wishes to contribute to the fund with $1 billion. The report s… (read more)
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