Thursday, October 11, 2012

Japan's Softbank reportedly looking to purchase majority stake in Sprint for $12.8 billion

Japan's Softbank reportedly looking to purchase majority stake in Sprint for $12.8 billion

Earlier today we reported on the rumors that Sprint might be holding off on countering T-Mobile's offer for MetroPCS, and now it seems that according to a report from Reuters, Sprint may very well be bought out themselves, or at least the majority stake. According to one of Reuters' source, Japan's third-largest mobile carrier, Softbank, is looking to acquire the majority stake in Sprint in a deal that is purportedly worth more than 1 trillion yen, which is about $12.8 billion.

Ubergizmo , Japan's Softbank reportedly looking to purchase majority stake in Sprint for $12.8 billion, Japan's Softbank reportedly looking to purchase majority stake in Sprint for $12.8 billion