Softbank in Advanced Talks to Acquire Sprint Nextel

BY DAISUKE WAKABAYASHI IN TOKYO AND ANTON TROIANOVSKI IN NEW YORK

Japanese mobile conduit Softbank Corp. is in modernized talks to buy a estimable interest in Sprint Nextel Corp., a third-largest U.S. network user pronounced Thursday.

The terms couldn’t be determined, though a chairman with believe of a negotiations pronounced a understanding could be valued during about $13 billion. It wasn’t immediately transparent either Softbank competence try to buy all of Sprint, that has a marketplace capitalization of $15 billion, though Sprint pronounced a investment could outcome in a change of control during a U.S. carrier.

Such a understanding would be a second vital merger for a U.S. telecommunications attention this …

Read full article: http://www.abc.net.au/lateline/content/2012/s3597880.htm

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Source:
http://www.ezonearticle.com/2012/10/11/softbank-in-advanced-talks-to-acquire-sprint-nextel/