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SoftBank Invests Another $73 Million in Sprint

Article Comments  9  

Aug 19, 2015, 9:10 AM   by Eric M. Zeman

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. Earlier this month, SoftBank made an $87 million investment in Sprint. The moves have helped Sprint's stock price rally, increasing the company's value by about $6 billion. SoftBank believes Sprint's turnaround plan will work and CEO Masayoshi Son said he sees the light at the end of the tunnel. Sprint recently fell behind T-Mobile in terms of subscribers.

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Aug 19, 2015, 1:29 PM

The Sprint Doom & Gloomers of 2006 Are Still Here

...And they're still wrongly predicting Sprint's soon and inevitable demise nine years later. Here's a better idea than letting Sprint die: you guys should go and become weather forecasters.
You do have a point, but also hearing about the next great Yabba Dabba Do network thats going to blow everyone else out of the water for every year, for the last 9 or more years. Hows that coming along? Or are they still gong to continue to blame eve...

Aug 19, 2015, 1:28 PM

turn around??

the only thing that would help them to turn around is that reception has to be as good as ATT and Verizon... otherwise... they will always be 3rd and 4th... BAM!

Aug 19, 2015, 11:26 AM

Black hole?

Who said you can't survive in the vicinity of a black hole (Sprint)?

Aug 19, 2015, 9:56 AM


$87M invested = $6B increase in value all while losing 10% of their customers??
$160 million, manipulating the stock shares, raising said stock shares, and owning MORE of the debt filled company so when it goes under they really have a poo storm on their hands when they lose way more than the $160M but also have to explain to sha...

Aug 19, 2015, 9:38 AM


Just let sprint die.
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