SoftBank News

Allowing Japanese company SoftBank to buy Sprint could expose critical communications networks to hackers, Sen.

Australia's S&P/ASX was down 1.83% or 92.60 points to 4969.80, pulled down by the resources sector.

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This morning, the California Public Utilities Commission voted to approve the transaction, providing the final state approval needed for the transaction.

"To be frank, it's a very hard market to succeed in and, if we do succeed and we intend to, it really proves out a lot for Square.

SoftBank Corp. will let the U.S. government have veto power over one nominee to Sprint Nextel Corp.'s board to ease security concerns if its $20.1 billion takeover bid succeeds, said a person familiar with the matter.

If takeover plans by SoftBank and Sprint are finalized, then SoftBank will give the U.S. government influence due to security concerns.

Sprint Nextel Corp., which agreed to be bought by SoftBank Corp. for $20.1 billion, will engage in talks with competing bidder Dish Network Corp.

Sprint offered $3.40 a share, up 14 percent from a previous bid of $2.97 a share, the company said today in a statement.

Wireless service provider Sprint Nextel Corp received a waiver from SoftBank Corp on various provisions of their merger agreement permitting it to engage in discussions with Dish Network Corp.

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Dish Tuesday announced a $2.5 billion debt offering to be placed in escrow for use toward the $9.3 billion the company still needs to raise for the cash consideration portion of its $25.5 billion offer to merge with Sprint.

Dish Network Corp. said Tuesday it planned to sell $2.5 billion in debt via a subsidiary, adding to its cash reserves ahead of its proposed $25.5 billion acquisition of Sprint Nextel Corp.

SoftBank appears confident in the superiority of its $20.1 billion bid for 70 percent of Sprint but just in case, it's playing hardball with banks that could potentially help finance Dish Network's $25.5 billion opposing bid.

The drama level between Softbank Corp. and Dish Network Corp. over who gets to acquire Sprint Nextel Corp.

Crest Financial Limited, the largest of the independent, minority stockholders of Clearwire Corporation , has told its brokerage firms to take all necessary steps to perfect Crest's rights under Section 262 of the Delaware General Corporation Law to seek appraisal for the common stock of Clearwire Corporation that it beneficially owns.

SoftBank Corp. Chief Executive Officer Masayoshi Son renewed his attacks on Dish Network Corp., his rival suitor for Sprint Nextel Corp., saying the satellite company would be a poor match for a wireless carrier.

SoftBank Corp is playing it rough in its attempt to keep Dish Network Corp from breaking up its $20.1 billion deal to take control of Sprint Nextel Corp.

Shares in Softbank Corp. continue their advance as the firm keeps winning new subscribers to its mobile phone service, pushing the stock's market capitalization above rival NTT DoCoMo Inc.'s at one point Friday.

SoftBank Corp. Chief Executive Masayoshi Son said Sprint Nextel Corp. likely would continue to fund Clearwire Corp.