SoftBank Corporation Japan

SoftBank Corporation is a Japanese Telecommunications and Internet Corporation, with operations in Broadband, Fixed-line Telecommunications,e-Commerce,Internet, Broadmedia,Technology Services, Finance,Media  and Marketing and other businesses.

SoftBank was established in Tokyo, Japan on September 3, 1981, and had a Market Capitalization of approximately US$43.52 billion at March 2011.

In October 2012,Softbank announced that it will acquire 70% of the US Telecommunications Company Sprint Nextel Corporation -US's third-largest phone carrier

Softbank Bids for 78% Stake in Sprint Nextel Corporation
Japan's SoftBank will become one of the world's largest mobile operators after shareholders in Sprint Nextel backed its revised bid for a 78% stake.SoftBank will pay $21.6bn (£13.9bn) for the stake in Sprint.
According to the deal, Sprint shareholders will have the option to receive either $7.65 in cash or one New Sprint common stock for each share of Sprint common stock they hold. The total cash consideration available to Sprint stockholders is $16.6bn

The deal is the largest overseas acquisition by a Japanese firm.