[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 07:36 PM

(Reuters) - Japanese mobile operator Softbank Corp said it will buy about 70 percent of Sprint Nextel Corp for $20.1 billion, giving Softbank the American toehold it has long desired and Sprint the capital to expand its network and potentially buy peers.