SoftBank eschews $100 million investment in Andy Rubin's 'Crucial' smartphone company

Cash from tech-focused ‘Imaginative and prescient Fund’ is flowing, however to not Andy Rubin this time.

After first listening to about Andy Rubin’s upcoming telephone company known as “Crucial” again in January ^(, data is being published as of late that SoftBank has pulled again on an anticipated $100 million investment ^( in the company. SoftBank CEO Masayoshi Son has determined to place the brakes at the investment that may have valued Crucial at $1 billion.

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That will were placing a large amount of religion in a company that has but to announce and even tease a product, despite the fact that consistent with assets of The Wall Side road Magazine, Crucial might be launching a telephone as early as this Spring. WSJ claims Crucial’s telephone could be “high-end” and naturally operating Android, with tie-ins to house automation and synthetic intelligence. It will be priced in a similar fashion to Samsung’s Galaxy S line ^(

Crucial nonetheless plans to release a high-end telephone this 12 months.

As everyone knows, the high-end smartphone marketplace is a tricky one to crack as of late, and an entire lot has to head proper in order to make a touch. The reported investment would have concerned extra than simply cash, despite the fact that, as SoftBank would have extensively utilized its massive advertising and marketing and service energy in Japan to assist release the telephone there.

Assets point out that the deal between Crucial and SoftBank was once just about finalized after months of talks, simplest to be known as off in the overdue levels by means of Son. Hypothesis is that Son had a last-minute exchange of center at the deal following Apple’s $1 billion dedication to his “Imaginative and prescient Fund” mission capital fund. Although Apple itself didn’t explicitly block the investment in Crucial, Son will have observed some warfare of pastime in making an investment with a rival smartphone maker.

It’s unknown as to how a lot the lack of this investment will play into the release plans of Crucial’s telephone.

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