SoftBank Rating Lowered to Junk by S&P After Sprint Acquisition
SoftBank Corp. (9984), led by billionaire Masayoshi Son, had its credit rating cut to junk by Standard & Poor’s after winning approval by the Federal Communications Commission of its $21.6 billion...
View ArticleJapan’s Softbank raises Sprint offer
Japan’s Softbank yesterday said it was raising its bid for US firm Sprint Nextel to US$21.6 billion, the latest twist in a high-stakes bid to trump a rival offer and grab a chunk of the lucrative US...
View ArticleSurprise Bids for Sprint Have Further to Go: Real M&A
Sprint Nextel Corp. (S), the wireless carrier that languished at a stock price below its liquidation value less than a year ago, has morphed into the target of a bidding war that traders are wagering...
View ArticleTIMELINE-Dish Network vies with SoftBank to acquire Sprint
April 15 (Reuters) - Dish Network Corp, the No. 2 U.S. satellite television provider, has offered to buy Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could thwart the proposed...
View ArticleSprint Nextel is part of Softbank founder’s 300-year plan
Haruyoshi Yamaguchi Masayoshi Son, chairman and chief executive officer of Softbank Corp., wants to invest in 5,000 companies by 2040. And one of his targets now is Sprint Nextel Corp. Masayoshi Son,...
View ArticleSprint is part of Softbank founders 300-year plan
Haruyoshi Yamaguchi Masayoshi Son, chairman and chief executive officer of Softbank Corp., wants to invest in 5,000 companies by 2040. And one of his targets now is Sprint Nextel Corp. Masayoshi Son,...
View ArticleSoftBank could gain $3.5 billion by walking away from Sprint
TOKYO (Reuters) - Masayoshi Son, billionaire founder of Japanese mobile carrier SoftBank Corp, is expected to stay in the battle for U.S. wireless service provider Sprint Nextel Corp - even though he...
View ArticleSoftbank Said to Plan Selling Bonds to Finance Sprint Takeover
Softbank Corp. (9984), the Japanese carrier which agreed to buy a $20 billion stake in Sprint Nextel Corp. (S), plans to finance part of the acquisition by selling bonds to...
View ArticleJapan Softbank to buy 70% of Sprint for $20B
By Yuri Kageyama The Associated PressAssociated Press Posted: 10/15/2012 07:22:20 AM PDT October 15, 2012 2:25 PM GMTUpdated: 10/15/2012 07:24:46 AM PDT Softbank Corp. President Masayoshi Son speaks...
View ArticleSoftBank expects to complete Sprint acquisition in July, despite rival Dish...
SoftBank's planned $20.1 billion takeover of Sprint was thrown into disarray yesterday by a $25.5 billion rival bid from Dish Network, but the Japanese carrier still expects the acquisition to...
View ArticleEyeing Sprint, Softbank in talks for $23 billion bank loan: sources
TOKYO (Reuters) - Japanese wireless service provider Softbank Corp is in talks with three major Japanese banks to borrow $23 billion (1.8 trillion yen) to finance a bid for U.S. operator Sprint Nextel...
View ArticleSprint Sets Sights on Verizon, AT&T as Deal Fight Recedes
Sprint Nextel Corp. (S), whose investors backed a takeover by SoftBank Corp. (9984) yesterday after an eight-month fight, is now preparing to use the firepower of its soon-to-be parent company to...
View ArticleSoftbank not planning higher bid for Sprint, executive says
TOKYO — Softbank Corp., which offered $20.1 billion for control of Sprint Nextel, isn't planning to raise its offer after Dish Network made a competing bid this week, an executive at the Japanese...
View ArticleSprint 55% Get Best Payout Since ’99 as Softbank Sinks
For Sprint Nextel Corp. (S) investors that get to cash out on 55 percent of their stock, the deal with Softbank (9984) Corp. represents the mobile-phone industry’s steepest premium in more than a...
View ArticleTimeline: Dish Network vies with SoftBank to acquire Sprint
n">(Reuters) - Dish Network Corp, the No. 2 U.S. satellite television provider, has offered to buy Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could thwart the proposed...
View ArticleSoftBank Chief Says ‘Big Mouth’ Ergen Wrong Fit for Sprint
SoftBank Corp. (9984) President Masayoshi Son lashed out at fellow billionaire Charlie Ergen, saying he doesn’t have the expertise to run Sprint Nextel Corp. (S), the U.S. mobile-phone company both men...
View ArticleDish Abandons Sprint Pursuit to Pave Way for SoftBank Takeover
Dish Network Corp. (DISH) abandoned its effort to acquire Sprint Nextel Corp. (S), making way for Japanese rival SoftBank Corp. to acquire the third-biggest U.S wireless carrier. Dish, in a regulatory...
View ArticleSoftbank Suspends New Contract Orders After System Trouble; Shares Fall
Softbank Corp. (9984) halted orders for Apple Inc. (AAPL)’s new iPhone 4S for about three hours today because of a computer glitch. The stock fell as much as 3.7 percent. The computer system that...
View ArticleSoftbank to Sell EAccess Stake to Companies Including Samsung
Softbank Corp. (9984), Japan’s third- largest mobile-phone company, will reduce its stake in eAccess Ltd. by offering new shares of the smaller carrier to companies including a Samsung Electronics Co....
View ArticleSoftBank Said to Offer U.S. Veto Power Over One Sprint Director
SoftBank Corp. (9984) will let the U.S. government have veto power over one nominee to Sprint Nextel Corp. (S)’s board to ease security concerns if its $20.1 billion takeover bid succeeds, said a...
View ArticleSprint Investors Approve $21.6 Billion SoftBank Acquisition
Sprint Nextel Corp. (S) shareholders approved a $21.6 billion deal with Tokyo-based SoftBank Corp. (9984), agreeing to give the Japanese company control of the third-largest U.S. wireless carrier after...
View ArticleSprint confirms $20 billion SoftBank investment
Koji Sasahara Softbank Corp. President Masayoshi Son, left, and Sprint Nextel Corp. Chief Executive Dan Hesse shake hands during their joint press conference in Tokyo Monday, Oct. 15, 2012. Tokyo-based...
View ArticleSoftBank’s Increased Bid Puts Ball Back in Dish’s Court
It’s your move, Charlie Ergen. After SoftBank (9984) Corp. raised its offer for Sprint Nextel Corp. to $21.6 billion last night, the spotlight returns to Ergen, the Dish Network Corp. (DISH) chairman...
View ArticleSoftbank Profit Falls on Rising Costs to Lure IPhone Subscribers
Softbank Corp. (9984), the Japanese mobile- phone carrier that agreed this month to buy a $20 billion stake in Sprint Nextel Corp. (S), said second-quarter profit fell 36 percent as it spent more to...
View ArticleSoftbank Agrees to Buy 70% Sprint Stake in $20.1 Billion Deal
Softbank Corp. (9984) agreed to pay $20.1 billion to acquire about a 70 percent stake in Sprint Nextel Corp. (S) as Japan’s third-biggest mobile-phone operator seeks growth overseas amid a declining...
View ArticleSoftbank to Spend as Much as 25 Billion Yen on Gungho Stake
Softbank Corp. (9984), the Japanese wireless carrier run by billionaire Masayoshi Son, will spend as much as 25 billion yen ($264 million) to raise its stake in Gungho Online...
View ArticleSoftbank Has First Gain in Nine Days on Sprint Buy: Tokyo Mover
Softbank Corp. (9984) gained in Tokyo for the first time in nine trading days after announcing a deal to buy Sprint Nextel Corp. (S) for $20.1 billion to expand into the U.S. mobile-phone services...
View ArticleSoftbank Declines on Planned Sprint Deal Complaint: Tokyo Mover
Softbank Corp. (9984), controlled by billionaire Masayoshi Son, fell the most in more than two months in Tokyo trading because of a planned complaint regarding its proposed purchase of about 70 percent...
View ArticleSoftbank Raises Sprint Offer to $21.6 Billion to Counter Dish
SoftBank Corp. (9984) raised its offer for Sprint Nextel Corp. (S) by 7.5 percent, countering Dish Network Corp. (DISH)’s unsolicited proposal of $25.5 billion for the third-largest U.S. wireless...
View ArticleSoftbank Surges on Report FCC Rejects Sprint Delay: Tokyo Mover
Softbank Corp., the Japanese mobile- phone operator seeking to buy Sprint Nextel Corp., rose the most in about four months in Tokyo after the New York Post said U.S. regulators had rejected a request...
View ArticleBillionaire Son Taps Stashed Trillions for Sprint: Japan Credit
Billionaire Masayoshi Son is targeting Japanese households with bonds offering 50 times the yield on deposit accounts to help fund Softbank Corp. (9984)’s $20 billion takeover of Sprint Nextel Corp....
View ArticleSoftbank to Raise $4 Billion in Bonds to Pay for Sprint Purchase
Softbank Corp. (9984), the Japanese wireless carrier that agreed to buy a $20 billion stake in Sprint Nextel Corp. (S), wants to raise 370 billion yen ($4 billion) in bonds to help finance the...
View ArticleSoftbank Posts Biggest Drop in 12 Years on Sprint Investment
Softbank Corp. (9984) shares slid as much as 17 percent in Tokyo trading, the biggest decline since March 2000, after Japan’s third-biggest phone operator said it’s in talks to invest in Sprint Nextel...
View ArticleSoftbank Not Planning Higher Sprint Bid, Executive Says
Softbank Corp. (9984), which offered $20.1 billion for control of Sprint Nextel Corp. (S), isn’t currently planning to raise its offer after Dish Network Corp. (DISH) made a competing bid, an executive...
View ArticleSoftbank to Acquire Japanese Rival EAccess in Stock Deal
Softbank Corp. (9984), Japan’s third-largest mobile phone company, said it will buy rival eAccess Ltd. for 52,000 yen a share, valuing the smaller company at about 180 billion yen ($2.3 billion). The...
View ArticleSoftBank Forecasts Record Operating Profit on Acquisitions
SoftBank Corp. (9984), the Japanese wireless carrier bidding for control of Sprint Nextel Corp. (S), forecast record operating income as acquisitions and new subscribers using Apple Inc.’s iPhone stoke...
View ArticleSoftbank’s Son Saves $2 Billion Hedging Sprint Deal
Masayoshi Son became Japan’s second- richest man by knowing when to take a risk. He also knows how to avoid one. The chairman of Softbank Corp. (9984) hedged the company’s $20 billion purchase of...
View ArticleBillionaire Son Bets on Sprint as Softbank Shares Plunge: Tech
Softbank Corp. (9984)’s Masayoshi Son has a history of picking winners. Investors say his latest choice may not be a repeat performance. Son’s $20 million investment in Alibaba Group Holding Ltd. may...
View ArticleSoftbank Embraces Junk as Sprint Boosts Debt: Corporate Finance
Softbank Corp. (9984), the first supplier of Apple Inc. (AAPL)’s iPhones and iPads to Japanese buyers, expects its credit rating to be cut to junk as the country’s biggest purchase of a foreign company...
View ArticleBillionaire Son Taps Mrs. Watanabe for Sprint Bid: Japan Credit
SoftBank Corp. (9984)’s second bond sale to individual investors in three months demonstrates billionaire Masayoshi Son’s ability to undercut rival bidders for Sprint Nextel Corp. (S) with lower...
View ArticleSoftBank could gain $3.5 bln by walking away from Sprint
TOKYO, April 16 (Reuters) - Masayoshi Son, billionaire founder of Japanese mobile carrier SoftBank Corp, is expected to stay in the battle for U.S. wireless service provider Sprint Nextel Corp - even...
View ArticleSprint to give Dish non-public data after SoftBank waiver
Dish Network Chairman Charlie Ergen (Reuters file photo) Sprint Nextel Corp., which agreed to be bought by SoftBank Corp. for $20.1 billion, will engage in talks with competing bidder Dish Network...
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