Jurisdiction - Japan
Japan – Mofo and Skadden Advises In Record USD 20.1bn Deal.

15 October, 2012



Morrison & Foerster and Skadden advised in Sprint Nextel Corp sale to Japan's Softbank of a 70% stake in the company for USD $20.1bn. The deal will mark Softbank's entry into the US market as one of the world's three biggest mobile phone operators, with 96 million users. 
The deal is also the largest outbound investment from Asia ever, and the largest transaction in Japan's history. 
Skadden served as lead counsel to Sprint while Morrison & Foerster served as lead counsel for Softbank. Mori Hamanda & Matsumoto advised Softbank on Japanese law.
Skadden partners leading this matter include: Thomas Kennedy, Jeremy London, Yossi Vebman, Stephanie Teicher, Steven Sunshine, Regina Olshan, Dean Schulman, Ivan Schlager, Toni Cook Bush and Matthew Hendrickson.
Morrison & Foerster Tokyo Managing Partner Kenneth Siegel and San Francisco partner and co-chair of the firm's Global M&A Practice Robert Townsend led the landmark deal for Softbank.
Additional deal team members include partners Andrew Winden, Ivan Smallwood and Dale Caldwell in Tokyo, David Lipkin in Palo Alto, and Jaclyn Liu and Brandon Parris in San Francisco. Washington, D.C. partners Jeff Jaeckel and David Meyer handled antitrust matters; Washington, D.C. partner Nicholas Spiliotes handled Committee on Foreign Investment matters; partners Bernie Pistillo in San Francisco and Eric Roose in Tokyo handled tax matters; Palo Alto partner Michael Frank handled executive compensation matters; and partners Kathryn Johnstone in Los Angeles and Peter Dopsch in New York handled financing.
Conventus Law



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