NEW YORK (TheStreet) -- Shares of Vodafone Group (VOD) are down -0.44% to $34.19 on very heavy trading volume after it was reported that speculation is swirling over SoftBank's (SFTBF) next big takeover target after the Japanese mobile carrier last month dropped a bid to acquire T-Mobile US (TMUS - Get Report) . The possible target: Vodafone Group, the Nikkei reports.
Some say SoftBank Chairman and CEO Masayoshi Son has a particular affinity for Vodafone, stemming from SoftBank's takeover of the British company's Japanese business in spring 2006. Son shuttled back and forth between Japan and the U.K. to quickly close the deal, which was valued at 1.75 trillion yen (about $15 billion then), the Nikkei said.
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Still, going after Vodafone would be ambitious to say the least. "The total acquisition price of Vodafone would be at least $100 billion," one analyst told the Nikkei. VOD data by YCharts EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE