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SoftBank's $65-bn war chest for Charter

Shares of SoftBank fell 2 per cent to 8,777 yen, declining for a third straight day

Alex Sherman | Bloomberg 

SoftBank Group has as much as $65 billion in financing lined up as Chairman Masayoshi Son weighs whether to make a formal takeover offer for Charter Communications, according to people familiar with the matter. The financing arrangement is among the new details that are emerging on Son’s plan to merge Charter with SoftBank’s struggling US wireless company Sprint Corp. While Charter said in a statement last weekend that its board wasn’t interested in buying Sprint, Son’s proposal all along has been for SoftBank to acquire Charter and combine it with Sprint to ...

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First Published: Wed, August 02 2017. 02:29 IST