Sprint Nextel apparently wasn't the only company on Softbank's shopping list.
The Japanese wireless carrier made an $8.5 billion cash offer for Universal Music Group three months ago while it was in the thick of a fight for Sprint, according to a Financial Times report. Vivendi, which owns the world's largest music group, reportedly rejected the offer despite its $2 billion premium over the value some analysts have placed on the unit.
CNET has contacted Softbank and Vivendi for comment and will update this report when we learn more.
The offer to Vivendi's board was … Read more