SoftBank to take 57 percent stake in phone distributor Brightstar for $1.26 billion

Stake in company to grow to 70 percent over next five years After purchasing a majority stake in Sprint earlier this year, Japanese carrier SoftBank is eyeing an investment in U.S. phone distributor Brightstar. The deal will see SoftBank take a 57 percent stake in the company for $1.26 billion in cash, and has already been approved by SoftBank's board. Brightstar is a name you may not have heard of before, but is one of the biggest phone distributors (acting between manufacturers and retailers)...