Softbank, Sprint Nextel: Japanese Mobile Operator Announces $20 Billion Deal To Acquire 70 Percent Of U.S. Telecom

Source: Yuri Kageyama / The Huffington Post TOKYO — Softbank Corp. has reached a deal to buy 70 percent of U.S. mobile carrier Sprint Nextel Corp. for $20.1 billion in the largest ever foreign acquisition by a Japanese company. The agreement, announced Monday at a joint news conference in Tokyo by Softbank President Masayoshi Son [...]