PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Morrison & Foerster advises SoftBank in Sprint and Clearwire acquisitions

The US wireless industry promises to get more interesting – and much more competitive – with the expected closing on 10 July of SoftBank’s USD21.6bn acquisition of Sprint Nextel, and Sprint’s purchase of spectrum-rich Clearwire.

 
Law firm Morrison & Foerster has been advising SoftBank in both the Sprint and Clearwire transactions, which were cleared by the FCC just before the 4 July holiday.
 
In addition to handling the M&A assignment, MoFo was litigation and antitrust counsel to SoftBank and worked on other aspects of both transactions. In the process, MoFo helped SoftBank prevail over DISH Network, which had actively bid for both Sprint and Clearwire.
 
The Sprint acquisition is the largest ever in the US by a Japanese company and the largest outbound investment on record from Japan.
 
MoFo corporate partners Kenneth Siegel, managing partner of the firm’s Tokyo office, and Robert Townsend, co-chair of the firm’s global M&A group, led the Sprint deal team. 

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured

Blackstone Private Equity