[Reuters] Softbank says to buy up to 70 percent of Sprint for $20.1 billion

Posted by: UGN Security

[Reuters] Softbank says to buy up to 70 percent of Sprint for $20.1 billion - 10/15/12 02:26 AM

TOKYO (Reuters) - Japanese mobile operator Softbank Corp said on Monday it will buy up to 70 percent of 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.