1

Softbank Formally Announces Acquisition Of Sprint Nextel

view story
linux-howto

http://www.talkandroid.com –   As Softbank’s deep pockets have suddenly opened up a new challenger to Verizon & AT&T, it’s only natural for Sprint & Softbank to make an official statement confirming the major news. In a press release unveiled this morning, Softbank announced it will acquire Sprint Nextel for a whopping $20.1 billion ($12.1 billion in cash consideration & $8 billion in capital). The major highlight of this is the deal is the fact this will give Softbank a 70% stake of Sprint and 30% ownership, effectively giving it full control over the Now Network. The hope of this deal i (IT news)