Softbank Corp. agreed to buy a stake of about 70 percent in Sprint Nextel Corp. for $20.1 billion as Japan’s third-biggest mobile-phone operator seeks growth overseas amid a declining local market.
Sony Corp. and Sharp Corp. posted a combined 900 billion-yen ($11 billion) loss as the first decline in global TV shipments in six years and a stronger yen hurt overseas sales at Japan’s biggest LCD TV makers.
