FCC Approves SoftBank Buying Sprint Buying Clearwire
The FCC and Sprint today announced that the FCC has formally voted to approve SoftBank's investment in Sprint - giving them majority control - as well as Sprint's related acquisition of Clearwire. This was the last required government approval of the deals. SoftBank and Sprint have already agreed to the deals. On Monday, Clearwire's shareholders will vote on the deal, which is recommended by Clearwire's board. Sprint now expects all of the transactions to close in the next couple of weeks.
SoftBank Sinks More Money Into Sprint
SoftBank has been snapping up shares of Sprint, increasing its stake recently by as much as $87 million. Despite SoftBank CEO Masayoshi Son's misgivings about the overall acquisition of Sprint, SoftBank said it "is enthusiastic about Sprint's prospects.
SoftBank Invests Another $73 Million in Sprint
SoftBank has purchased yet more shares of Sprint stock, boosting its stake in the company to just over 80%. SoftBank shelled out $73 million for about 16.8 million shares.
SoftBank to Trim Thousands of Jobs at Sprint
Masayoshi Son, CEO of SoftBank, said the company plans to eliminate thousands of jobs at Sprint in order to reduce costs and aid in the company's turn-around plans. Son made the comments while discussing SoftBank's financial performance, which was impacted negatively by Sprint.
Japan's SoftBank to Buy UK's ARM for $32 Billion
SoftBank today announced plans to buy ARM Holdings for $32 billion. SoftBank runs one of Japan's largest wireless networks and is the parent company of Sprint in the U.S., while ARM designs and licenses the Cortex-branded mobile processors often found in today's smartphones and tablets.
SoftBank, Sprint Majority Owner, to Split In Two
SoftBank today revealed a plan to separate itself into two separate companies, one for its Japan-based carrier business and another for its international operations, including Sprint. SoftBank's domestic business unit, which includes investments in Yahoo Japan, will be run by Ken Miyauchi.
I'd like to be the 1st to say....
Hopefully both T-Mobile & Sprint will provide some competitive pressure to the big two with all the changes going on with both companies.
Soft Clear Sprint
Sprint needs the spectrum