Japan’s Softbank is reportedly in talks to acquire a stake in U.S.-based device logistics provider Brightstar, with the deal valued at more than $1 billion.
According to a report by Bloomberg, which cited an initial story by Japan’s Nikkei newspaper, the deal could further Softbank’s push into the U.S. market following its acquisition of a controlling stake in Sprint earlier this year for $21.6 billion.
Brightstar provides a number of logistic services to wireless carriers and retailers, including distribution; supply-chain management; handset protection and insurance; trade-in offerings; and retail support. The company claims to deliver products and services to more than 115 countries and a local presence in more than 50 countries. The company late last week reportedly moved closer to an acquisition of European-based device distributor 20:20 Mobile.
Softbank CEO Masayoshi Son had noted that by integrating Sprint into its operations the company expected to see up to $2 billion in savings through pooling purchases of devices and equipment.
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