Japan's Softbank Snaps Up Sprint In $20 Billion Deal

(Reuters) - Japanese mobile operator Softbank Corp said it will buy about 70 percent of Sprint Nextel Corp for $20.1 billion, giving Softbank the American toehold it has long desired and Sprint the capital to expand its network and potentially buy peers.

Topics:  reuters    japanese   softbank corp   sprint nextel corp   american   softbank   sprint   billion   buy   
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