Investors in Tokyo on Wednesday welcomed news that shareholders in US mobile carrier Sprint had approved a $21.6 billion takeover by SoftBank, paving the way for the biggest-ever overseas buyout by a Japanese firm.
Sprint's Fifth Avenue store, pictured in New York, on January 15, 2008. Sprint shareholders overwhelmingly approved SoftBank's proposed $21.6 billion deal to take a controlling stake in the third largest US mobile carrier.
The vote in the United States on Tuesday clears one of the last major hurdles following a hard-fought acquisition battle that saw the Japanese firm hike its initial $20 billion offer by $1.6 billion.
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