SoftBank in talks to acquire Brightstar

16 October 2013 | Kavit Majithia

Japan-based operator SoftBank has said it held talks to purchase a stake in US wireless device company Brightstar Corp, but a decision has not been made on whether it will complete the deal.

According to local Japanese reports, SoftBank is in the final stages to make a majority stake acquisition in Brightstar in a deal valued at $1 billion.

“We are in discussions on this matter, but at this time we have not made any decision,” SoftBank said in a statement.

SoftBank confirmed yesterday it had struck a deal to acquire a 51% stake in Finnish games company Supercell.