SoftBank is a Japanese telecommunications and Internet company with operations spanning broadband, fixed-line telecommunications, e-commerce, the Internet, finance, media and marketing, and other businesses. In October 2012, Softbank said it would pay US$20.1 billion to buy 70 per cent of US telecom Sprint Nextel in the biggest ever offshore acquisition by a Japanese company.


SoftBank would become Snapdeal's biggest investor. Photo: AFP

SoftBank taps India with stake in Snapdeal

SoftBank Corp has agreed to buy a US$627 million stake in Indian online retailer Snapdeal, seeking to tap into potentially huge e-commerce growth in the market with the world's third-biggest internet user base.