After 9 Months, The Softbank-Sprint Merger Will Be A Done Deal On July 10

view story

http://techcrunch.com – It’s been nine months since we first caught wind of Softbank’s $20.6 billion purchase of a majority stake in Sprint, and the story is finally coming to a close. Japanese mobile carrier Softbank announced today that it expects the deal to close on Wednesday, July 10th after nine months of various obstacles. The FCC approved the merger on July 5th. Here’s the official wording: SoftBank Corp. will invest approximately USD 21.6 billion (approximately JPY 1.8 trillion*) in Sprint Nextel Corporation and currently anticipates consummating the transaction on July 10, 2013 (EDT). This (IT news)