Softbank to take 40 pct of China's Oak Pacific

TOKYO, April 30 (Reuters) - Japan's Softbank Corp (9984.T: Quote, Profile, Research) is raising its stake in Chinese Internet firm Oak Pacific Interactive to 40 percent for a little over 20 billion yen ($192 million), a source close to the matter said on Wednesday.

The Japanese Internet and telecom company now holds a 14 percent stake in Oak Pacific that it bought for about 10 billion yen. ($1=104.06 Yen) (Reporting by Mayumi Negishi; Editing by Rodney Joyce)