Japan’s Softbank Corp (OTCMKTS:SFTBF) (TYO:9984) has offered to appoint a security director if it is successful in its $20 billion bid to buy a majority stake in U.S. based Sprint Nextel Corporation (NYSE:S).
The government-approved director will monitor national security issues relating to SoftBank’s takeover of Sprint Nextel, according to a Bloomberg report.
Softbank Corp (OTCMKTS:SFTBF) (TYO:9984)’s offer comes amid rival DISH Network Corp (NASDAQ:DISH) hoping to derail SoftBank’s bid with a major PR blitz against its Japanese opponent.
According to Sprint’s stock market filing, the U.S. government would also get...
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