SoftBank Corp has no plans to invest in messaging application Line Corp, Ken Miyauchi, chief operating officer of Japan's No. 3 mobile carrier, told reporters on Friday.
Softbank Corp of Japan
Breaking News
Standard & Poor downgraded SoftBank because of the financial risks it took in buying Sprint.
SoftBank raised offer to acquire Sprint Nextel in an effort to expand the company's market outside Japan.
SoftBank Corp. drove the growth of stocks in Asia led by Japan's gradual rise.
Sprint Nextel is convincing its shareholders to agree to one deal for itself while it participates in the acquisition of Clearwire against the same bedfellow.
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