Japan's Softbank May Acquire Sprint
Softbank, Japan's third-largest mobile network operator, is in advanced talks to purchase Sprint. Citing sources familiar with the companies' plans, the Wall Street Journal reports that Sotftbank may pay as much as $12.8 billion for the U.S.'s third-largest carrier. Sprint executives have remarked in the past that they expect to see the industry consolidate further and even approve of it, as long as Verizon Wireless and AT&T - the country's two largest carriers - aren't involved. The Journal's sources did not say if Softbank will purchase all of Sprint or some of it. Neither Sprint nor Softbank confirmed the Journal's report. Earlier this month Deutsche Telekom proposed to merge its T-Mobile USA unit with MetroPCS.
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Sprint = $12.8 Billion T-Mobile = $39 Billion What's up with that?
Sprint IS a publicly traded company. At the close of the market yesterday, its stock price was $5. Acquisitions of publicly-traded companies are almost always bas...
First, the way the press release and corresponding news article are worded it appears that the $12.8 billion figure is what Softbank is expecting to ...
Konnichiwa Softbank San
How exactly will this be a positive for either company?
Not criticizing , just curious.