Vodafone, Softbank close to USD15.6 billion deal

17 Mar 2006

Vodafone Group is close to agreeing a USD15.6 billion deal to sell its ailing Japanese business Vodafone KK to Softbank Corp of Japan, snubbing a last minute rival bid from US fund Cerberus and Providence Equity Partners. The US investors teamed up to present an all-cash offer yesterday, but according to the Financial Times Vodafone has decided to press ahead with its more advanced negotiations with Softbank.

Japan, United Kingdom, SoftBank Corp, SoftBank Group Corp, Vodafone Group