Deals
SoftBank Said to Have $65 Billion in Funds for Charter Deal
- Bank financing is said to have been in place for some time
- Malone is said to agree with Charter board’s decision
Masayoshi Son Said to Plan Making Offer for Charter
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SoftBank Group Corp. has as much as $65 billion in financing lined up as Chairman Masayoshi Son weighs whether to make a formal takeover offer for Charter Communications Inc., according to people familiar with the matter.
The financing arrangement is among the new details that are emerging on Son’s plan to merge Charter with SoftBank’s struggling U.S. wireless company Sprint Corp. While Charter said in a statement last weekend that its board wasn’t interested in buying Sprint, Son’s proposal all along has been for SoftBank to acquire Charter and combine it with Sprint to create a new publicly traded company, the people said.