Softbank in Talks to Acquire Sprint Nextel
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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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I'll be paying attention to this. This is nearly as interesting as the Samsung/Apple thing to me.
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