2012-10-16

Softbank $20 billion bit to buy Sprint Nextel

10/16/2012 Analysis: Softbank deal's big on size, small on change NEW YORK/SAN FRANCISCO (Reuters) - It's this year's biggest technology acquisition and the largest outbound deal in Japan's history. But game-changing, it is not. Softbank Corp's pricey $20 billion bid to buy control of No. 3 U.S. telecoms company Sprint Nextel Corp marks a bold move by billionaire CEO Masayoshi Son beyond his flagging home market. Some analysts say it hands the U.S. company much-needed firepower to buy peers and build out high-speed networks. But if Son succeeds, Sprint will still struggle to win customers in a market dominated by the twin towers of the U.S. ...

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