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SoftBank Corp announces strategic reorganization of commerce & service business

Tuesday, 18 Feb 2014 02:47am EST 

SoftBank Corp:Decides to implement a reorganization within the Group.Says SoftBank BB will split its C&S Business.Says newly-incorporated SoftBank Commerce & Service Corp. will assume the C&S Business (Split), and it will grant all of its SoftBank C&S shares to SoftBank.Says effective date of the reorganization will be Apr.1.Says it will transfer all shares of SoftBank C&S to a Japanese subsidiary of Brightstar Corp. (Brightstar), a U.S. subsidiary of SoftBank.