Softbank Corp., which offered $20.1 billion for control of Sprint Nextel Corp., isn’t currently planning to raise its offer after Dish Network Corp. made a competing bid, an executive at the Japanese company said.
A U.S. Justice Department request to defer regulatory action on Softbank Corp.’s $20 billion bid for Sprint Nextel Corp. follows criticism that an acquisition could expose domestic networks to Chinese companies.
In 2010, Masayoshi Son, the billionaire founder of Softbank Corp., laid out a plan for the next 300 years. For a start, he would invest in 5,000 companies by 2040, giving his unborn successors a base to build on.
Alibaba Group Holding Ltd. Chairman Jack Ma said negotiations with Yahoo! Inc. and Softbank Corp. over the spinoff of the Alipay unit will result in the payment of a “very large” compensation for the two shareholders, China Entrepreneur magazine reported, citing an interview with Ma.
Softbank Corp., Japan’s second- biggest mobile-phone company by market value, agreed to buy the Fukuoka Yahoo! Japan Dome for 87 billion yen ($1.1 billion) from Government of Singapore Investment Corp.