Japan?s Softbank Purchasing 70% Stake in Sprint For Whopping $20 Billion

Posted by Joe Rossignol on Sunday, October 14, 2012 at 6:59 pm. ?

Japan?s Softbank Purchasing 70% Stake in Sprint For Whopping $20 Billion

David Faber for Business Insider writes:

Softbank and Sprint have reached a deal under which Softbank will pay $20 billion for a 70 percent stake in the wireless telecom operator, according to people close to the situation.

This is incredible. Alongside the T-Mobile and MetroPCS merger, the American mobile landscape is in for a huge shake up.

Source: http://www.ifans.com/blog/59685/

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