Eyeing Sprint, Softbank in talks with Japan banks for $23 billion loan: sources
News On Japan via Reuters -- Oct 12
Japanese wireless service provider Softbank Corp is in talks with three major Japanese banks to borrow $23 billion (1.8 trillion yen) to finance a bid for U.S. operator Sprint Nextel Corp, sources with direct knowledge of the matter told Reuters on Friday.
The proposed syndicate includes Mizuho Financial Group Inc, Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group, the sources said.
Acquiring Sprint Nextel would make Softbank a major player in the U.S. mobile market and represent one of the biggest overseas acquisitions by a Japanese corporation.
But how Softbank would finance a potential deal remains a concern for investors.
With crackdowns on violators of child prostitution and pornography statutes having increased in recent years, Nikkan Gendai (May 17) wonders how a manager of an online operation that primarily sold lolicon (“Lolita complex”) films was able to evade detection for an extended period prior to his arrest earlier this month. (Tokyo Reporter)
This Monday, members of the seminal metal band X Japan were in Odaiba rubbing shoulders with the likes of Brad Pitt, Lady Gaga and AKB48′s Yuko Oshima. The catch? They were all made out of wax. (Japan Times )
The parents of a nightclub worker killed in an arson fire three years ago filed a suit in the Nagoya District Court on Monday seeking damages against top members of the Yamaguchi-gumi organized crime group. (Tokyo Reporter )
Kyodo News said Monday that it has dismissed Satoshi Kondo, 51, deputy chief of its general administration bureau and former personnel affairs division chief, for meeting individually with a female student searching for a job and doing an inappropriate act.
(Jiji Press )