SoftBank and Sprint make a $20 Billion Deal

by: Sujin Park

Posted on October 15, 2012 at 6:10 PM

Sprint Nextel is selling 70 percent of its stock to a leading Japanese telecommunications company, SoftBank. The $20 billion deal consists of a a newly issued Sprint stock that worth $8 billion as well as a $12.1 billion existing stock from other Sprint investors at a premium. Many analysts were surprised by the deal as...

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