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Japan Inc. Poised for Record Outbound M&A Year With Softbank Bid

Softbank Corp.’s bid for control of Sprint Nextel Corp. is adding to evidence that Japan Inc.’s overseas buying spree isn’t about to abate.

Softbank, Japan’s third-largest wireless carrier, agreed to pay $20.1 billion to acquire about a 70 percent stake in Sprint, according to a statement issued in Tokyo today. That would make it the country’s biggest outbound acquisition on record.