Charter shares soar as Japan's SoftBank eyes bid
The prospect of a tie-up with the Japanese MNC's US wireless carrier Sprint Corp comes at a time when the telecom industry is preparing for a wave of deal activity
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Tokyo
CHARTER Communications Inc's shares surged to a record high on Monday after a source said Japan's SoftBank Group Corp was considering an acquisition offer, even as Charter shot down the possibility of it being the acquirer in any merger with SoftBank's US wireless carrier, Sprint Corp.
A source familiar with the matter told Reuters on Sunday that SoftBank chief executive Masayoshi Son is considering making a bid for Charter as soon as the end of August, in what would be by far the Japanese telecommunications conglomerate's biggest deal.
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