Softbank in talks to buy U.S. wireless distributor Brightstar
(Japan Economic Newswire Via Acquire Media NewsEdge) TOKYO, Oct. 16 -- (Kyodo) _ Softbank Corp. is in talks to acquire U.S. wireless device distributor Brightstar Corp. as it looks to meet growing demand for smartphones in emerging markets in Asia and elsewhere, sources familiar with the matter said Wednesday.
Japan's third-largest carrier is considering acquiring a majority stake in Brightstar from investment funds and other shareholders, the sources said.
Operating in more than 115 countries, Brightstar provides mobile phones, handset insurance and financial services, according to its website.
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