Softbank Corp. is buying out Vodafone Japan for $15.4 billion. Softbank, Japan’s second-largest ISP, gains 15 million customers through this deal — and the chance to take a bite at the $73-billion mobile phone market. The acquisition is also synergistic with Softbank’s upcoming TV Bank, an ambitious IPTV project. Softbank will borrow as much as two-thirds to fund the purchase, founder Masayoshi Son told reporters in Tokyo today. It’s Asia’s biggest leveraged buyout.
Masayoshi Son Plans Global Rollout Of His Video Service TV Bank