SoftBank pulls out of $100M investment in Android creator's new smartphone startup

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Andy Rubin’s new stealth startup, a consumer hardware company that reportedly plans to produce a high-end smartphone, lost out on a $100 million investment from Japan’s SoftBank, after SoftBank struck a conflicting deal with Apple, the Wall Street Journal reports, citing unnamed sources. Rubin, the founder of Android, hasn’t spoken publicly about his new startup, Palo Alto-based Essential, which reportedly employs some 40 people who were hired away from Google, Apple and others. In January,...

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