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Softbank nears $20 billion deal for 70 percent of Sprint: sources

Japanese mobile operator Softbank Corp is near a $20 billion deal to acquire control of U.S. carrier Sprint Nextel Corp, sources familiar with the matter said, as the firm led by billionaire Masayoshi Son seeks a foothold in the U.S. market.

 

Sprint Nextel considers selling majority stake

Washington Post

Sprint Nextel said Thursday that it is considering selling a majority stake to Japan’s SoftBank, the latest deal among industry underdogs who are scrambling to catch up to the leads of giants Verizon Wireless and AT&T.

 

Yahoo, Alibaba tax-free deal talks crumble: source

Alibaba

Yahoo Inc and its Asian partners, China's Alibaba and Japan's Softbank Corp, have called off talks over a tax-free sale of the U.S. company's Asian assets, a source familiar with the situation told Reuters.

 

Softbank to Sell Most of Yahoo Stake

Softbank said it will pocket a handsome profit by repaying a $1.135 billion loan from Citibank with most of its 4% stake in Yahoo.

 

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