SoftBank-Backed OneWeb Set to Merge With Rival Satellite Operator
The chief executive of SoftBank, Masayoshi Son, is an inveterate deal maker. And on Tuesday, the Japanese mogul unveiled his latest: a complex merger to expand his telecommunications empire.
By orchestrating the merger of OneWeb, a satellite operator where Mr. Son has already invested $1 billion, with a debt-laden competitor, Intelsat, the billionaire is hoping to bolster SoftBank’s reach and internet coverage.
But the deal is still contingent on getting Intelsat’s bondholders to...