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Softbank CEO on why he bought Sprint: 'I am a man and every man wants to be number one'

Updated Dec 19th, 2018 8:39PM EST

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Softbank (SFTBY) CEO Masayoshi Son may hail from Japan, but he’s already showing a cowboy-like swagger that will help him fit right in here in America. Per CNBC’s Jim Cramer, Son said that one of the reasons why his company bought up Sprint (S) for $20 billion was that “I am a man, and every man wants to be number one, not number two or number three.” Softbank on Monday formally announced that it will pay just north of $20 billion to acquire a 70% stake in Sprint, which has long been languishing as the third-largest wireless carrier in the United States.


Brad Reed
Brad Reed Staff Writer

Brad Reed has written about technology for over eight years at and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.