Acquisition Sprint Nextel Japanese SoftBank forced to keep up the offer-news center

"Sadie Network News" April 17, according to foreign media reports, the Japanese SoftBank company chief Executive son (Masayoshi Son) has found that he and SoftBank are falling into an increasingly brutal bidding game. SoftBank's bid for each offer is higher than it was before, while the yen has been falling again at this time.

Son's acquisition is aimed at Sprint Nextel, the US company, which bids $20 billion trillion for SoftBank. local time 15th, Sun's wishful thinking was broken, Dish Network company announced a bid of 25.5 billion U.S. dollars bid Sprint Nextel, the offer is about 13% higher than son's bid. SoftBank acquisition sprint Nextel may be "cut", local time 16th morning soft silver shares fell nearly 8% in Tokyo, but many market analysts believe that son will not be Dish Network Company's offer to scare back.

"SoftBank's abandonment of the sprint Hideyuki is almost impossible," Okasan Nomura, Okasan Securities strategist Shihai (Ishiguro Nextel), said in an interview: Sprint Nextel It has become the only front-line position for SoftBank to develop its overseas business. On the other hand, the Japanese central bank's super-easing policy has led to a sharp devaluation of the yen and banking institutions are more willing to lend. So SoftBank is unlikely to be worried by a shortage of funds. ”

Analysts point out that in the course of SoftBank's bid for Sprint Nextel, each time the yen falls, SoftBank's bid for Sprint Nextel will be forced to rise. When SoftBank announced its bid for Sprint Nextel last October, the dollar was 1:82 yen against the yen, and the figure became 1:91 yen by January this year.

On the morning of 16th local time, the dollar reached 1:97 yen against the yen, and Dish's offer forced SoftBank to pay an extra 540 billion yen. He believes son has expected the situation today, and SoftBank will adjust its policies in time to meet the challenges.

The writer, Isabella Stigg (Isabella Steger), is a Wall Street Journal columnist.