Rumors surrounding an acquisition of Sprint by Japanese carrier SoftBank originated on October 11th, 2012, and it wasn't long before the massive $20.1 billion deal was confirmed. The agreement gives SoftBank a 70-percent stake in Sprint, granting the company full control over America's third-place carrier and a highly-visible presence in the US. Both companies expect the acquisition to close in 2013.
via The Verge - All Posts http://www.theverge.com/2012/10/18/3521256/softbank-buys-sprint-acquisition-news-rumors
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