Softbank Nears Sprint Nextel Deal

All Things D
By Anupreeta Das And Anton TroianovskyOct 14, 2012, 4:42 pm150 pts
Japanese company Softbank Corp. is near a $20 billion deal to buy a majority stake in Sprint Nextel Corp., people familiar with the matter said, a deal that will give the third-largest U.S. wireless operator more financial firepower to compete with bigger rivals. Softbank, a Japanese telecom and Internet…

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