SoftBank Corp is in talks to buy a stake in U.S. wireless device distributor Brightstar Corp that media reported could be worth more than $1 billion and boost its bargaining power with hardware suppliers.
The company's billionaire founder Masayoshi Son has said that one of the key benefits of an earlier purchase of U.S. mobile carrier Sprint Corp would be to bolster the group's position with handset makers, an industry dominated globally by Samsung Electronics Co Ltd and Apple Inc.
A report by the Nikkei business daily said the Japanese tech and telecoms group was in the final stages of talks to buy an up to 70 percent stake in Brightstar in a deal worth more than 100 billion yen ($1 billion).
Source: Reuters
Source: Reuters
