SoftBank sees delay in closing Brightstar deal

Friday 27 December 2013 | 13:26 CET | News
SoftBank announced that its acquisition of Brightstar has been delayed by 1-2 months. Due to Brightstar's agreed takeover of 20:20 Mobile, the companies will need to reapply to the Committee on Foreign Investment in the United States (CFIUS) for clearance of the acquisition. As a result, the takeover of Brightstar by Softbank is not expected to be completed until January or February, rather than November or December as previously indicated.

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Categories: Mobile & Wireless
Companies: 20:20 Mobile / Brightstar / Softbank
Countries: World
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