Jul 18, 2014

Softbank picks Google's Arora to head Internet business unit

SoftBank Corp., the wireless carrier led by billionaire Masayoshi Son, has hired Google Inc.’s Nikesh Arora to help steer its global expansion. Arora will join as vice chairman in October after nearly a decade at Google, including time as the search company’s chief business ...

Son's bid for T-Mobile faces huge antitrust hurdle

Jun 6, 2014

Son's bid for T-Mobile faces huge antitrust hurdle

Masayoshi Son, head of SoftBank Corp. and Sprint Corp., won’t be able to ride the regulatory coattails of pending U.S. telecommunications deals if he decides to buy T-Mobile US Inc. Regulators are preparing to vet proposed acquisitions worth more than $45 billion each from ...

Jun 5, 2014

Sprint and T-Mobile zero in on $31 billion buyout deal

Sprint Corp. is nearing an agreement on the price, capital structure and termination fee for an acquisition for T-Mobile US Inc. that could value the wireless carrier at almost $40 a share, sources said. Sprint, 80 percent owned by SoftBank, will offer about 50 ...

Son seeks U.S. price war, T-Mobile

Mar 11, 2014

Son seeks U.S. price war, T-Mobile

Masayoshi Son, the Japanese owner of U.S. mobile carrier Sprint, said Monday he wants to launch a “price war” with the two major carriers as he seeks to acquire T-Mobile’s U.S. unit. Son, the tycoon whose SoftBank company holds a controlling stake in Sprint, ...

SoftBank group sees net profit spike 58.1%

Feb 12, 2014

SoftBank group sees net profit spike 58.1%

SoftBank Corp. said Wednesday its group net profit for the April-December period rose 58.1 percent from a year earlier to ¥488.23 billion, supported by solid sales of Apple iPhones and increased subscriptions. The mobile phone carrier’s consolidated operating profit rose 46.3 percent to ¥924.23 ...

Aug 1, 2013

Son reshaping Softbank seen in $20 billion loan

by Emi Urabe

Softbank Corp.’s cost of refinancing debt from its purchase of Sprint Corp. will be less than half of what it paid seven years ago to acquire the Vodafone unit that launched its mobile phone operations. Now Japan’s third-largest mobile carrier, Softbank expects to pay ...

Softbank closes deal for Sprint, Clearwire

Jul 11, 2013

Softbank closes deal for Sprint, Clearwire

Softbank Corp. closed a $21.6 billion deal to gain a controlling stake in Sprint, the firm said Thursday, creating a stronger player in the competitive wireless market by acquiring the No. 3 U.S. mobile carrier. The deal was completed after the end of Wednesday’s ...

FCC nod clears way for Softbank bid to buy Sprint

Jul 4, 2013

FCC nod clears way for Softbank bid to buy Sprint

Softbank Corp.’s $21.6 billion bid for mobile carrier Sprint Nextel Corp. won approval from the last U.S. regulatory body reviewing the transaction, according to sources. All three members of the Federal Communications Commission have voted for the deal, said the sources, who asked not ...

Softbank gets OK in Sprint deal

Jun 27, 2013

Softbank gets OK in Sprint deal

Shareholders of Sprint Nextel Corp. approve Softbank Corp.'s offer to acquire the third-largest U.S. mobile carrier for $21.6 billion, paving the way for the Japanese carrier to enter the American wireless market.

Jun 19, 2013

Softbank prevails in Sprint Nextel deal as Dish abandons bid

U.S. satellite television provider Dish Network Corp. announced Tuesday it has dropped plans to submit a revised bid for Sprint Nextel, paving the way for Softbank Corp.’s rival offer to be accepted. Dish Network said it still saw “strategic value” in a merger with ...

Jun 15, 2013

Dish's Ergen deals blow to Softbank's Sprint bid

In the battle of billionaires trying to enter the U.S. wireless market, Dish Network Corp.’s Charlie Ergen has won a round against SoftBank Corp.’s Masayoshi Son. Clearwire Corp.’s board endorsed Dish’s $4.40-a-share bid for the company this week, spurning an offer by its majority ...