Softbank Eyeing 70% Stake in Sprint; Clearwire Uncertain
The latest information from sources familiar with the discussions between Softbank and Sprint say the Japanese network operator will not acquire Sprint outright. Instead, Softbank will acquire about 70% of Sprint through a cash infusion and stock, reports The Wall Street Journal. The Journal's sources pointed out that Clearwire's role is an important one in finalizing the deal between Sprint anf Softbank. Clearwire owns a large swath of wireless spectrum and is deploying a TDD-LTE 4G network similar to the one Softbank is deploying in Japan. Softbanks wants Clearwire, but Sprint only owns about 54% of Clearwire. Sprint may purchase the remaining shares of Clearwire that it doesn't already own in order to help facilitate the Softbank deal. The Journal's sources said the negotiations are on-going, and may fall apart at any time.
Mar 20, 2018
Google today announced Subscribe with Google, an easy way for people to subscribe to and pay for select news sources. Google has worked with a number of publishers over the last six months to develop the service.
Jul 18, 2016
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.
Nov 7, 2017
Apple today released iOS 11.2 Beta 2 to public testers, one day after releasing the developer variant. Of note, iOS 11.2 Beta 2 introduces the Apple Pay Cash tool that Apple announced earlier this year.
Jan 15, 2018
SoftBank Group, the parent company of Sprint, is weighing whether or not to offer shares in its own Japan-based wireless company. Under the direction of CEO Masayoshi Sun, SoftBank has transformed itself in recent years into an investor in technology companies.
Softbank Won't Put Up With Clear...
Clear is the primary reason why Sprint has had to seek alternative sources of capital and voo doo economics.
Maybe sprint will get some of those cool Japanese phones now