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SoftBank Corp's Subsidiary to Acquire Brightstar Corp.


Friday, 18 Oct 2013 11:30am EDT 

SoftBank Corp announced that its 57%-owned United States-based subsidiary will acquire 37,756,306 shares of Brightstar Corp., which engages in the retail of portable terminals, for USD 1,105 million in total. As a result, the United States-based subsidiary will hold a 100% stake in Brightstar, up from 0%. The transaction will be conducted during the period from November 2013 to December 2013. 

Company Quote

68.25
0.76 +1.13%
3:59pm EDT