Japanese SoftBank's $20bn Sprint gobble clears US security hurdle

American authorities have apparently said Uncle Sam's national security will not be jeopardised by Japanese giant SoftBank's proposed takeover of US telco Sprint - clearing the way for the $20bn acquisition. The companies said they have now received clearance from the Committee on Foreign Investment in the US (CFIUS), which …

[nuked]

'a foreign company with significant ties to China'?

What ties?

Japanese hate doing business with Chinese typically, and I certainly couldn't find any 'significant ties' between SoftBank and China on initial searching.

[Anonymous Coward]

I think it has something to do with the Japanese not being quite as err challenged as the Yanks and purchase reasonably priced Chinese hardware instead of forking out twice as much for US hardware made in the same factory as the Chinese hardware.

[Destroy All Monsters]

Don't diss FREEDOM HARDWARE!

[Anonymous Coward]

According to this article SoftBank's bid was $5 billion less than their US competitors? Two reasons to be suspicious there, wonder who got the backhander?

[Destroy All Monsters]

It's just 5 Instagrams.

[Kevin McMurtrie]

wha....

In addition to obvious points about Softbank not being Chinese, hackers would want a much faster network.