CNBC: Japanese carrier SoftBank to acquire 70 percent stake in Sprint

CNBC: Japanese carrier SoftBank to acquire 70 percent stake in Sprint

Japanese carrier SoftBank is expected to announce a $20 billion deal on Monday which will see them controlling a 70% stake in Sprint.  CNBC is reporting that the deal is all but wrapped up and comes hot on the heels of rumors that surfaced just last week.  Well, hardly rumors, when you consider that Sprint came out and said that the two were in talks.  The deal, which has been accepted by the boards of both companies, amounts to approximately $8 billion worth of shares from Sprint and another $12 billion from its shareholders.

About author

Scott Webster
Scott Webster 6577 posts

Scott has been running AndroidGuys since 2007 and loves nothing more than reading up on the latest smartphone rumors. His other mobile efforts can be found on Android Update (CNET) where he covers Google's mobile platform.

You might also like

News and Rumors

Google reportedly taps Asus for next-gen Nexus 10 tablet

Google has asked Asus to manufacturer the next-generation of Nexus 10 tablets, says a new Geek report. According to their sources, the refreshed tablet will be on retail shelves and

News and Rumors

Korea’s First Android 2.0 Handset is the ‘Motoroi’

The first Android 2.0 handset to arrive is Korea will be Motorola’s “Motoroi“.  Available exclusively through SK Telecom starting in early February, the Motoroi features an 8 megapixel camera, a

Accessory Reviews

Cruzerlite has accessories, shirts, and more for the Android lover

Are you a proud owner of a new Android device and want to do your part to protect it against scratches, drops, or scuffs? Do yourself a favor and check

5 Comments

Leave a Reply