Vodafone receives formal bid; expects to complete this quarter

5 Apr 2006

Vodafone said yesterday that it had received a formal takeover bid from Softbank for Japanese subsidiary Vodafone KK. The deal was agreed in principle on 17 Mar 2006. Vodafone expects to complete the sale by 1 May 2006.

Japan, SoftBank Corp, SoftBank Group Corp, Vodafone Group