[Reuters] SoftBank to spend $1.26 billion for majority Brightstar stake

Posted by: UGN Security

[Reuters] SoftBank to spend $1.26 billion for majority Brightstar stake - 10/18/13 11:48 PM

NEW YORK (Reuters) - Japan's SoftBank Corp said on Friday it had agreed to pay $1.26 billion for a 57 percent stake in privately held cellphone distributor Brightstar Corp as it looks to boost its bargaining power with handset makers.