TOKYO: SoftBank Group Corp has won approval to conduct a 2.4 trillion yen (US$21.04 billion) initial public offering (IPO) of its domestic telecoms business, in a deal that will seal the group's transformation into a top global technology investor.The IPO will be one of the biggest ever worldwide, and will provide the group with funds to pay down debt and continue placing big bets on innovations that Chief Executive Masayoshi Son predicts will drive future tech trends.SoftBank's bets so far have been as varied as small gaming startups, ride-hailing firms such as Uber Technologies Inc, and e-commerce behemoth Alibaba Group Holding Ltd.SoftBank Group aims to raise 2.4 trillion yen through the sale of 1.6 billion SoftBank Corp shares at an tentative price of 1,500 yen each, showed a filing with the Ministry of Finance on Monday.The amount could rise by 240.6 billion yen if demand triggers an overallotment, taking the total closer to the US$25 billion that Alibaba raised in 2014 in the … [Read more...] about Japan’s SoftBank steps closer to transformation with mammoth mobile IPO
A group of construction workers, who were working in Cape Coral, Florida has apparently found the fossils of a prehistoric mammoth. The construction crew made this astonishing discovery while working on a utility expansion project in the city. The Fort Myers News-Press reported that this newly found fossil could be 2.6 million years old. After initial analysis, experts suggested that the fossil could belong to either a mammoth or a mastodon. As per these experts, the newly discovered fossil could be the part of the animal's humerus bone. Palaeontologists believe that the area has more undiscovered fossils and they are planning to excavate more in and around Cape Coral. "It's a fairly large bone fragment and is unlikely to be the only bone in the area," said Ryan Franklin, assistant director of the Archeological and Historical Conservancy Inc. Cape Coral Daily Breeze reported that the field assessment, which was conducted by the Archeological and Historical Conservancy Inc., stated the … [Read more...] about Florida construction workers unearth fossil of prehistoric mammoth
BEIJING: Chinese customs authorities said they seized 156 prehistoric mammoth tusks from a truck entering from Russia in one of the country's largest such hauls.The contraband was seized in late April at a border crossing in northeastern China's Heilongjiang province bordering on Siberia, but the find was only announced this week by Chinese customs, state media said.The haul, which also included two elephant tusks and a range of other animal parts, was hidden under a shipment of soybeans.Eight suspects, including Russians and Chinese, have been arrested, the People's Daily said.China banned the sale and processing of elephant ivory last year after having banned its import in 2015.This, along with global efforts to stamp out the ivory trade to save elephants from extinction, have led smugglers to turn to a stock of ancient mammoth tusks buried mostly in Siberia but also Europe and North America.The People's Daily said the shipment as a whole was one of China's largest involving … [Read more...] about China seizes 156 mammoth tusks in huge ivory haul
A team of researchers at the Harvard University has apparently planned to modify elephant cells with frozen mammoth DNA, which will later help to clone the giant beasts that went extinct more than 10,000 years ago. Just like the plot we have seen in the Hollywood movie 'Jurassic Park', researchers are planning to create a 20,000-hectare Ice Age safari park in a remote part of Siberia where these woolly giants will roam around. The project is expected to be materialized within two years, and if all goes as planned, the final creature would be a hybrid animal of the Asian elephant and woolly mammoth. "We are focusing on reviving mammoth genes and making a mammoth/elephant hybrid and help them spread to a vast wild, arctic climates. We have already revived dozens of genes and are testing them in elephant cells," told Professor George Church, the lead researcher on the project to the Sun. Researchers are planning to use the remains of mammoths collected from Siberia to clone the new … [Read more...] about Scientists could bring back woolly mammoths back from dead, a move against cosmic law?
By The Canadian Press Thu., March 22, 2018 OTTAWA—A national museum will soon start to analyze a pair of mammoth tusks which were taken from Canada more than 50 years ago and only came home with the help of the FBI. The path the tusks took to land at the Canadian Museum of Nature weeks ago started more than three years ago and involves a massive FBI investigation, a infamous American collector and diplomats on both sides of the border. Kieran Shepherd, a curator at the museum, says the story is the most unusual he has been involved in during his three decades at the institution. He says the tusks are fairly well preserved, which many might not have expected, given they were in the hands of an amateur collector for decades. The FBI recovered the tusks in 2014 from the Indiana home of Don Miller, who told investigators before his death that he brought the tusks home from a trip he took between Calgary and the Yukon-Alaska border in 1960. Article Continued Below … [Read more...] about How a ‘mammoth’ FBI investigation helped Canada get back a pair of tusks after 50 years