[Reuters] Japan's Softbank snaps up Sprint in $20 billion deal

Posted by: UGN Security

[Reuters] Japan's Softbank snaps up Sprint in $20 billion deal - 10/15/12 01:13 PM

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