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Deutsche and Mizuho back Softbank with $10bn

Deutsche Bank and Mizuho Securities are to arrange a $10bn (€8.2bn) financing package to back Softbank's acquisition of Vodafone Japan. The deal, which values the telephone operator at ¥1.8trn (€12.7bn), ended buy-out firms' hopes of buying the business.

Softbank will buy 97.68% of Vodafone Japan, it said today.

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