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Time To Sell Sprint And Buy Softbank
Thomas Lott • Sun, Oct 14, 2012 • 42 Comments

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Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Fri, Apr 19 • 29 Comments
Ergen's DISH Network: The Little FISH That Hopes To Swallow The Bigger Sprint DISH
Robert Syputa • Thu, Apr 18 • 3 Comments
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Thu, Mar 28 • 63 Comments
Sprint Nextel: A Surprising Pick
Catalyst Investments • Wed, Feb 27 • 6 Comments
Clearwire Spectrum Could Put Sprint Back In The Game
IncomeHunter • Wed, Jan 30 • 7 Comments
Clearwire's Options Are Arranged Or Forced Marriage
Delian Naydenov • Tue, Jan 29 • 12 Comments
The Fight For Clearwire Is On And A Deal Appears Likely
Zvi Bar • Wed, Jan 9 • 20 Comments
Clearwire Playing For Time It Doesn't Have
Peter Pham • Wed, Dec 26, 2012 • 4 Comments
Sprint: Headed For Disaster
Cris Frangold • Fri, Oct 19, 2012 • 26 Comments
Sprint's Unreasonable Post-Deal Valuation
Ted Barac • Tue, Oct 16, 2012 • 13 Comments
Make Yahoo Sticky
Dana Blankenhorn • Thu, Apr 5, 2012 • 2 Comments
Newcomer Precidian Launches Nikkei ETF
Michael Johnston • Thu, Jul 14, 2011

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Company Description

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Sector: Technology

Industry: Information Technology Services

Country: United States

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| Earnings
| Dividends
| M&A
| On the move

Sunday, April 28, 4:50 AM Sprint (S) has provisionally set June 12 for a shareholder vote on SoftBank's (SFTBF.PK) acquisition proposal, with the date pending the SEC's authorization of the American carrier's proxy filing. Dish (DISH) and Clearwire (CLWR) will presumably be looking on with interest. Comment! [Tech, Consumer]
Tuesday, April 16, 9:41 AM SoftBank (SFTBF.PK) responds to Dish's (DISH +1.8%) bid for Sprint (S +1.1%) by insisting its offer is superior, and stating it expects the deal to close by July 1. Nonetheless, some major Sprint shareholders, such as Westchester Capital (14M shares), are declaring Dish's offer better. SoftBank fell 6.8% in Tokyo as investors fret about a higher bid, and Sprint is adding a bit to yesterday's gains with the help of a JPMorgan upgrade to Overweight: the firm argues the Dish/SoftBank offers "likely put a floor under shares in the $7 range," and considers a bidding war possible. CLWR +1.9%. (more) Comment! [Tech, M&A, On the Move]
Monday, April 15, 11:48 AM Sprint (S +13.3%) confirms it has received Dish Network's (DISH -5.7%) merger offer, and says it will evaluate it. Today's decline in Dish shares lowers the value of the equity portion of the offer by about $450M, resulting in a total deal value of $25.15B (an 8% premium to SoftBank's (SFTBF.PK) offer). (PR) (more on Dish/Sprint) Comment! [Tech, M&A]
Thursday, February 28, 7:57 PM Japanese shares pull back in early trading after sharp gains in the previous session. The Nikkei Average fell 0.3% to 11,535, with blue chips leading declines: Softbank (SFTBY.PK -1%, Advantest (ATE -1.6%), Toyota (TM -0.5%), and Mitsubishi Motors Corp. JP:7211 -0.98% (MMTOY.PK -2%). Comment! [Global & FX]
Wednesday, February 6, 3:58 AM Softbank (SFTBF.PK) reportedly intends to issue $3.2B worth of four-year bonds to help finance its acquisition of a 70% stake in Sprint (S) for $20.1B. "Softbank is well-known and popular among individuals," says analyst Mana Nakazora. "There isn’t concern about the bonds remaining unsold." Comment! [Consumer, Tech, M&A]
Wednesday, January 23, 9:04 PM Almost flat earnings and a disappointing forecast from Apple (AAPL) leave a few casualties in Japanese trading today: Softbank (SFTBY.PK) - a Japanese carrier of the iPhone - is down 0.9%, Sharp (SHCAY.PK) and Foster Electric - both of which make parts for the phone - dropped 1.5% and 1%, respectively. 17 Comments [Global & FX, Tech]
Sunday, January 6, 2:33 AM Crest Financial, which owns 8% of Clearwire (CLWR), intends to ask the FCC to block Sprint's (S) acquisition of the approximately 50% of Clearwire it doesn't own and the sale of 70% of Sprint to Japan's Softbank. Crest says the $2.2B Sprint-Clearwire deal "grossly undervalues Clearwire" and therefore the operator's spectrum holdings, which would hurt government revenue from auctions of licenses. The Crest request would add to one from Dish (DISH). 6 Comments [Tech, Consumer]
Friday, December 14, 2012, 3:02 AM Softbank (SFTBF.PK) and Sprint (S) look set for a battle of wills with some of Clearwire's (CLWR) minority shareholders, who want $5-8/share for the 48.3% of the company that Sprint doesn't own. That's well above the latter's offer of $2.90, which it made yesterday, and a cap of $2.97 that Softbank has reportedly set. In case Sprint's bid fails, Clearwire is in talks about other strategic alternatives. (previous) 2 Comments [Tech]
Friday, October 19, 2012, 5:04 AM Softbank's $20.1B acquisition of Sprint (S) could be complicated by the Japanese operator's purchase of equipment from Huawei and ZTE, which the House Intelligence Committee views as a security risk. "This deal will probably end up getting approved but with a very detailed national security agreement," says Stewart Baker, a former Homeland Security Department official. Comment! [Consumer, Tech, M&A]
Monday, October 15, 2012, 6:05 AM Sprint (S) is not obligated to increase its 49% stake in Clearwire (CLWR) as part of Softbank's $20.1B acquisition of Sprint, says the latter's CEO, Daniel Hesse. Clearwire's shares soared last week on speculation that it would be part of any deal. Comment! [M&A, Tech, Top Stories, Consumer, Breaking News]
Monday, October 15, 2012, 4:14 AM Softbank confirms that it has agreed to acquire Sprint (S) in a deal worth $20.1B. The Japanese mobile operator will purchase $8B in newly-issued stock and $12.1B in existing shares, giving the company a 70% stake in Sprint overall. Watch live press conference here. 9 Comments [Tech, Consumer, M&A, Top Stories, Breaking News]
Sunday, October 14, 2012, 6:28 AM To buy a two-thirds stake in Sprint (S), Softbank (SFTBF.PK) would need to significantly increase its debt, which is already over $10B. While Japanese banks seem willing, a major loan would come just a few years after leverage-fueled acquisitions almost caused Softbank to collapse. And the new debt would be to purchase a company that hasn't made an annual profit since 2006. 14 Comments [Tech, M&A, Consumer]
Monday, February 6, 2012, 7:25 PM Japanese stocks opened lower today, tracking a flat session overnight on Wall Street. The Nikkei Average is currently down 0.2% to 8,913: Nippon Telegraph & Telephone (NTT -1.3%), NTT DoCoMo (DCM -0.2%), Softbank (SFTBY.PK -0.8%), and KDDI (KDDIY.PK -0.4%). Comment! [Global & FX]
Thursday, February 2, 2012, 7:46 PM Japanese shares are lower in early trading, following a mixed performance in global markets overnight. The Nikkei Average is currently down 0.3% to 8,859, with Telecom shares leading declines after Softbank (SFTBY.PK) posted weak earnings: KDDI Corp. (KDDIY.PK -0.8%), NTT DoCoMo (DCM -0.2%). Comment! [Global & FX]
Thursday, January 19, 2012, 11:38 AM A SEC filing (8-K) from WebMD (WBMD +2.5%) sheds some light on the firm's dalliance with selling itself - as it highlights that the firm entertained various offers in 2011 from P-E firms but never received an official offer. The company also denied reports that Softbank (SFTBY.PK) was barking at its door. Comment! [Tech]
Thursday, January 5, 2012, 4:09 PM WebMD (WBMD +3.5%) pops after Bloomberg reports it's on a "wish list" of assets Yahoo (YHOO) wants as part of its proposed asset swap with Alibaba (ALBIY.PK) and SoftBank (SFTBY.PK). Yahoo is also said to be interested in acquiring The Weather Channel (presumably for Weather.com and its mobile apps). The NY Post reported over the weekend that SoftBank has joined the bidding for WebMD. Comment! [Tech, M&A, On the Move]

x oil -field
Bloomberg:China Credit Card Romney Assails *Gives Way to Japan. SFTBY.PK S CLWR http://bloom.bg/SXCAsj Huawei Technologies Co. ZTE Corp.
10/16/12
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x oil -field: Bloomberg: $S $CLWR Huawei May Surface in U.S. Review of Softbank-Sprint Deal. http://bloom.bg/RIZLTx
10/18/12
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x oil -field: UPDATE 2-Clearwire cuts spending target, narrows loss outlook. $CLWR http://reut.rs/S257K9 -Reuters
10/26/12
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chuckholladay
What is the differences between SFTBF.PK & SFTBY.PK?
10/14/12
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x oil -field: NASDAQ: Softbank Corp. SFTBY.PK will be listed as the ADR on the (U.S. Exchange)
10/14/12
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x oil -field: NASDAQ: Softbank Corp. $SFTBY.PK http://bit.ly/RsGaYa
10/14/12
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LATEST REPLIES

x oil -field
Bloomberg:China Credit Card Romney Assails *Gives Way to Japan. SFTBY.PK S CLWR http://bloom.bg/SXCAsj Huawei Technologies Co. ZTE Corp.
10/16/12
Reply (6)

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x oil -field: Bloomberg: $S $CLWR Huawei May Surface in U.S. Review of Softbank-Sprint Deal. http://bloom.bg/RIZLTx
10/18/12
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x oil -field: UPDATE 2-Clearwire cuts spending target, narrows loss outlook. $CLWR http://reut.rs/S257K9 -Reuters
10/26/12
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140 characters

chuckholladay
What is the differences between SFTBF.PK & SFTBY.PK?
10/14/12
Reply (8)

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x oil -field: NASDAQ: Softbank Corp. SFTBY.PK will be listed as the ADR on the (U.S. Exchange)
10/14/12
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x oil -field: NASDAQ: Softbank Corp. $SFTBY.PK http://bit.ly/RsGaYa
10/14/12
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140 characters

SFTBY.PK Softbank Cp Unsp Adr

SFTBY.PK

Softbank Cp Unsp Adr