Tuesday, April 8, 2014

SoftBank looking at acquisition targets in Europe

SoftBank CEO, and majority owner of Sprint, Masayoshi Son, is expected to get a big boost in his financial portfolio when Alibaba, a Chinese online retailer, goes public with an IPO soon.



SoftBank owns 37% of Alibaba, and it is thought that when the company goes public, its market cap could be worth up to $250 billion. That is a lot of money to have burning a hole in your pocket, and it is said that is what Son would use to fund an acquisition of T-Mobile USA.



However, there has been no indication that US regulators are interested in seeing that happen, so where do you go when you ...



from PhoneArena - News http://ift.tt/1hb9lPr

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