Softbank Surges on Report FCC Rejects Sprint Delay: Tokyo Mover
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Softbank Corp., the Japanese mobile carrier seeking to buy Sprint Nextel Corp., rose to the highest in almost seven years after the New York Post reported U.S. regulators rejected a request to delay a review of the deal.
Softbank, controlled by billionaire Masayoshi Son, rose 4.7 percent to close at 3,545 yen, the highest since April 2006. The benchmark Nikkei 225 Stock Average rose 1.9 percent.