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SoftBank to spend $1.26 billion for majority Brightstar stake

2013-10-18 20:01:47| IT Services - Topix.net

Japan's SoftBank Corp said on Friday it agreed to pay $1.26 billion for a 57 percent stake in privately held cellphone distributor Brightstar Corp as it looks to boost its bargaining power with handset makers.

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Softbank confirms talks for stake in Brightstar

2013-10-16 10:23:00| Telecompaper Headlines

(Telecompaper) Japanese carrier Softbank confirmed it's in talks to take a stake in US-based mobile phone distributor Brightstar. In response to a report in the Nikeei, Softbank said the "matter is under discussion", but no decision has been reached yet. According to the paper, Softbank is in the final stage of negotiations to buy a majority stake in Brightstar from an investment fund and other shareholders, with an eye on eventually boosting its interest to around 70 percent. The deal, estimated to be worth slightly more than JPY 100 billion, will be completed as early as this year.

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Japan's SoftBank says in talks to buy Brightstar stake

2013-10-16 10:02:14| Telecom - Topix.net

SoftBank Corp is in talks to buy a stake in U.S. wireless device distributor Brightstar Corp that media reported could be worth more than $1 billion and boost its bargaining power with hardware suppliers.

Tags: buy talks stake softbank