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Softbank acquires 70 percent stake of Sprint

“In a joint press conference, Softbank has officially announced that it is buying a 70 percent stake in US mobile carrier Sprint for $20.1 billion. The Japanese company is paying $12.1 billion for existing shares, with a further $8 billion for new shares that the network is issuing.”

via Softbank confirms 70 percent Sprint acquisition for $20.1 billion — Engadget.

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