Softbank To Acquire 70% Stake In Sprint For $20.1B

Softbank SFTBF agreed to buy around 70% stake in Sprint Nextel S for about $20.1 billion. The transaction has been approved by the boards of both companies. The deal is likely to close by mid-2013. Sprint shares closed at $5.73 on Friday, while Softbank shares closed at $31.40 on Friday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsM&Amerger and acquisition
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!