[Reuters] Softbank says to buy up to 70 percent of Sprint for $20 billion

Posted by: UGN Security

[Reuters] Softbank says to buy up to 70 percent of Sprint for $20 billion - 10/15/12 04:45 AM

NEW YORK/TOKYO (Reuters) - Japanese mobile operator Softbank Corp said it will buy up to 70 percent in Sprint Nextel Corp, the third-largest U.S. carrier, for about $20.1 billion - the most a Japanese firm has spent on an overseas acquisition.