Japan's Softbank head says $20 bn Sprint deal a risk | Bangkok Post: news

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Japan's Softbank head says $20 bn Sprint deal a risk

The head of Japan's Softbank admitted the firm was taking a risk after it confirmed Monday it would pay $20 billion to take over US-based Sprint Nextel in Japan Inc's biggest overseas acquisition.

The head of Japan's Softbank admitted the firm was taking a risk after it confirmed Monday it would pay $20 billion to take over US-based Sprint Nextel in Japan Inc's biggest overseas acquisition.

Softbank said the ambitious deal would see it acquire 70 percent of Sprint Nextel, the third-biggest US mobile firm behind AT&T and Verizon Wireless, by the middle of next year.

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