Irrepressible Masayoshi Son leads Japan’s pursuit of global takeovers
Japan’s information technology companies are spending their cash mountains on overseas deals – and the biggest of these is SoftBank’s US$22 billion acquisition of Sprint Nextel, number three in the US mobile phones market. The man behind SoftBank is Masayoshi Son, who has been dubbed ‘Japan’s Bill Gates’ and has told shareholders that he wants to build the world’s top company.
<i>Japanese companies are sitting on a historically high cash pile. They either keep it as a cash reserve or use it for international acquisitions such as SoftBank in its recent purchase of Sprint Nextel. This is good news for sellers of companies in the West as well as in the developing world, particularl...
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