Deals
SoftBank Is Said to Plan Making Direct Offer for Charter
- Billionaire Son said to consider new deal after merger spurned
- Charter said it’s not interested in acquiring Sprint
Masayoshi Son Said to Plan Making Offer for Charter
This article is for subscribers only.
Masayoshi Son, the chairman of Japanese technology goliath SoftBank Group Corp., wants in on the U.S. cable market. And he appears determined to use Charter Communications Inc. to get him there, one way or another.
Son’s initial gambit failed: Charter on Sunday rebuffed his proposal to combine the company with Sprint Corp., which SoftBank controls. Undeterred, the Japanese billionaire is now mustering an offer from SoftBank to buy Charter outright, according to a person with knowledge of his plans. He intends to make the offer this week, the person said, asking not to be identified ahead of a public announcement.