Latest Softbank Items
  • Softbank Corp. President Masayoshi Son and Sprint Nextel Corp. CEO Dan Hesse have reached a deal in which the Japanese mobile carrier will acquire 78 percent of U.S.-based Sprint for $21.6 billion.

    Sprint shareholders OK takeover bid

    Capping a long and at times bitter takeover battle, Sprint shareholders meeting in Overland Park, Kan., overwhelmingly approved a $21.6 billion takeover bid from SoftBank, rejecting a competing offer from rival Dish Network and moving the Japan-based SoftBank one step closer to owning 78 percent of America's third-largest wireless carrier.

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    Dish drops Sprint bid, to fight instead for Clearwire

    Dish Network is bowing out of its bid to acquire Sprint and looking instead at broadband provider Clearwire Corp., ending what tech analyst Jeff Kagan called a "crazy" whirl of "watching a group of teenagers falling in and out of love with each other."

  • Softbank 3Q profit doubles on iPhone sales

    Japanese phone company Softbank, owned by billionaire Masayoshi Son, says its net profit more than doubled in the October-December quarter from a year earlier, helped by strong sales of Apple's iPhone and iPads.

  • Report: Sprint reaches deal with Japan's Softbank

    Japanese mobile phone company Softbank has agreed to buy 70 percent of Sprint Nextel Corp. for $20 billion, according to a news report.

  • Softbank reports robust earnings on smartphones

    Softbank Corp., the only Japanese mobile carrier offering the hit iPhone, said annual profit nearly doubled despite suffering damage from the March 11 quake and tsunami that battered northeastern Japan.

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