Softbank Corp's investment in a Hollywood movie studio represents the coming out party for two new players in the U.S. entertainment industry -- the Japanese telecommunications company and Nikesh Arora, the former Google Inc executive running a new media and internet company.Two months after unexpectedly decamping from Google for SoftBank, Arora struck a $250 million deal for a minority stake in Legendary Entertainment, announced on Thursday. Earlier, he had tried unsuccessfully to strike a partnership with DreamWorks Animation, sources said.As CEO of San Carlos, California-based SoftBank Internet and Media Inc, Arora is charged with investing in and operating media and digital media companies, including music, e-commerce and gaming, said one person close to Softbank. Softbank, owned by legendary investor Masayoshi Son, owns U.S. mobile carrier Sprint and is the largest investor in China e-commerce company Alibaba.At Google, Arora oversaw sales, marketing and partnerships, an outsider's job at a company, where engineering skills are prized above all else.
Google Inc. (Google), is a global technology company. Shares of GOOG traded higher by 0.32% or $1.81/share to $570.08. In the past year, the shares have traded as low as $502.80 and as high as $604.83. On average, 1494440 shares of GOOG exchange hands on a given day and today's volume is recorded at 1175307.
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