SoftBank began to burn his bridges son: I never like to do old

SoftBank founder son (left) and Sprint chief executive Dan Hesse shook hands yesterday in Tokyo to announce a deal. They teamed up with Japan's largest overseas acquisition to date after Japan's stock market closed October 15, and SoftBank, Japan's third-largest mobile telecoms operator, announced it would spend $20.1 billion to buy the third-largest mobile telecoms operator in the US, and strive to complete the deal by 2013. The deal is the largest overseas acquisition by Japanese companies to date, and is expected to help SoftBank become one of the top three mobile operators in the world, surpassing NTT DoCoMo, Japan's biggest mobile telecoms operator, who has signed 60 million of its handsets. SoftBank said in a statement yesterday that the deal will be divided into two steps: first, to buy 8 billion-dollar shares at $5.25 a share for the sprint, and then buy $12.1 billion worth of shares in the market at $7.30 a share, thus gaining a stake of up to 70% per cent. Japan's economic news evaluation, "Son led the soft silver has begun to burn their bridges," which is the second largest son of the Japanese tycoon's last gamble. According to Dealogic, the data provider, with a strong yen, Japanese companies with large amounts of cash have spent $66 billion trillion in 559 overseas acquisitions this year. If SoftBank buys a sprint deal, Japanese companies will break the record of $84 billion trillion in overseas acquisitions this year. Sun's just bet on the 15th day, soft silver shares fell 7 consecutive trading days, closed down 127 yen (about 10.1 yuan), reported close to 2268 yen to five months of the lowest closing level, the plate also fell to 2200 yen, hit a eight-month low. SoftBank's shares have shrunk by more than 20% per cent since the news of the acquisition of the sprint in the second half of last week and the market capitalisation has evaporated 8.7 billion dollars. Outside worries, soft Silver's capital strength and conformity ability faces the test, the financial instability will strengthen, "cannot withstand the high debt leverage". Sprint has lost all its losses in the past 19 quarters, with a net debt of about $15 billion trillion, while SoftBank now has a net debt of about $10 billion trillion. Standard Pu began discussions on October 12 to downgrade the long-term debt of SoftBank. A few days ago, SoftBank had just announced that it would buy the country's fourth-largest mobile operator, eaccess, on a swap basis, with a deal of $2.3 billion trillion, to be completed by February next year. SoftBank's biggest acquisition, which was launched in 2006, was a 17 billion-dollar takeover of Vodafone's Japan branch, which has officially moved into the mobile business. The latest deal to buy a sprint will be followed by a global mobile carrier that has signed up to 96 million handsets, Kyodo said. The scale effect and the march into the US market are not all of the "soft silver story". A number of media including Reuters, Kyodo, the Wall Street Journal, and Japan's economic newsThe sprint plans to bid for the US's fifth-largest mobile operator, MetroPCS Communications, after it received a soft-silver injection, and the latter had just reached a merger agreement with Deutsche Telekom's "T USA" earlier this month, the body said. Sprint is also mulling the purchase of the remaining 51% per cent stake in Clearwire, the US high-speed wireless communications company, to layout 4G operations. The Wall Street Journal quoted people familiar with the idea of SoftBank as saying that in the future, a more powerful sprint might even be t.