Economy | ANALYSIS
Households to take hit from tax hike
by Tomoko Otake
The consumption tax increase will hit every household in Japan hard, with many people’s financial future hanging on whether their wages rise enough to offset the hike's impact.
Corporate 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 ...
Corporate Jul 8, 2013
S&P cuts Softbank to junk status after FCC's Sprint nod
Softbank Corp., led by billionaire Masayoshi Son, had its credit rating cut to junk by Standard & Poor’s after winning approval from the Federal Communications Commission for its $21.6 billion bid to buy Sprint Nextel Corp. The rating was cut to BB+, the highest ...
Corporate 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 ...
Corporate Jun 27, 2013
Dish drops Clearwire bid, paving way for Softbank-Sprint deal
U.S. satellite broadcaster Dish Network Corp. said Wednesday it has backed out of its bidding race with Sprint Nextel Corp. for control of wireless Internet firm Clearwire Corp. Dish’s decision to withdraw its tender offer for Clearwire, a Sprint unit that controls valuable wireless ...
Corporate 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.
Corporate 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 ...
Corporate 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 ...
Corporate Jun 11, 2013
Softbank boosts Sprint takeover bid to $21.6 billion
Softbank Corp. said Tuesday it is jacking up its bid for Sprint Nextel to $21.6 billion, the latest twist in a high-stakes bid to trump a rival offer and grab a chunk of the lucrative U.S. mobile market. Softbank said in Tokyo it would ...
Corporate Jun 9, 2013
Softbank eying T-Mobile US deal as 'Plan B' if Sprint deal goes south
Softbank Corp. is in talks with Deutsche Telekom AG over buying T-Mobile US Inc., as the Japanese firm looks for alternatives to enter the U.S. wireless market if its deal with Sprint Nextel Corp. falls apart, Reuters reported. Softbank still hopes to complete the ...
Corporate May 31, 2013
Softbank takeover of Sprint wins U.S. security clearance
U.S. national security officials have approved Softbank’s planned $20 billion takeover of Sprint, the third-largest U.S. mobile carrier, the companies said Wednesday. The Committee on Foreign Investment in the U.S. (CFIUS) completed the investigation with “no unresolved national security issues relating to the transaction,” ...
Corporate May 30, 2013
Softbank's bid for Sprint close to U.S. security OK
Softbank Corp.’s $20.1 billion takeover of Sprint Nextel Corp., the third-largest U.S. wireless carrier, is close to passing a national security review by U.S. officials, a source said. The Committee on Foreign Investment in the U.S. is close to advising Softbank and Sprint that ...
Corporate May 24, 2013
Softbank reportedly offers to give U.S. government a say over Sprint board
Softbank is offering to give the U.S. government an unusual degree of influence over the operations of Sprint Nextel amid security concerns raised by the proposed cross-border takeover, The Wall Street Journal reported online. “Tokyo-based Softbank has agreed to give the (U.S.) federal government ...