Sprint Confirms Softbank Talks
Sprint reportedly agrees to sell 70 percent stake to Softbank
Sprint Nextel has reportedly reached an agreement to sell 70 percent of the wireless carrier to Japanese mobile carrier Softbank for $20 billion.
Both companies' respective boards have approved the deal, which is expected to be announced tomorrow, sources tell CNBC. Under the deal, Softbank will buy $8 billion in stock directly from Sprint, with another $12 billion purchased from existing stockholders.
http://news.cnet.com/8301-1035_3-57532094-94/sprint- ... »
Both companies' respective boards have approved the deal, which is expected to be announced tomorrow, sources tell CNBC. Under the deal, Softbank will buy $8 billion in stock directly from Sprint, with another $12 billion purchased from existing stockholders.
http://news.cnet.com/8301-1035_3-57532094-94/sprint- ... »
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