Deals
SoftBank Plans Silicon Valley Center as Part of Sprint Takeover
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SoftBank Corp., bidding to take over Sprint Nextel Corp. in a $20.1 billion deal, is planning a new Silicon Valley office for the U.S. carrier that would employ as many as 1,000 people.
Executives have already started holding monthly meetings in the California technology hub, which is partway between Softbank’s Tokyo headquarters and Sprint’s offices in Kansas. Masayoshi Son, president of the Japanese carrier, said he’s looking to inject more of an inventive spirit into Sprint and be an active chairman of the company.