Softbank said to buy out 70 percent of Sprint for $20B

VentureBeat
By Meghan KellyOct 14, 2012, 3:31 pm160 pts
Softbank has purchased 70 percent of telecommunications carrier Sprint, according to CNBC, a deal which may be announced tomorrow. The deal will run Softbank $20 billion. On Thursday rumors spread around that the two companies were in talks about Softbank buying a majority share in the United States’ third…

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