Android Police

Articles Tagged:

sprint softbanker merger

2 articles
...

US DOJ Requests Delay Of FCC Approval Of Sprint / Softbank Merger For Further Review

According to Bloomberg, the US Department of Justice has just announced that it will submit a deferment request for the Sprint / Softbank merger to the FCC. Telecom acquisitions in the United States require approval from both the DoJ and the FCC, with the former agency focusing largely on potential anti-trust issues. Softbank officially announced the buyout in October.

It's not exactly a big surprise that the DoJ is looking at this deal cautiously.

Read More
...

CNBC Reporting That Sprint-Softbank Deal Is To Be Announced Tomorrow: $20 Billion For 70% Of The Now Network

Just what the title says here, folks: Softbank and Sprint have reached a deal that will transfer 70% of Sprint's shares to the Japanese telecom giant. The price? A cool $20 billion - a premium significantly above Sprint's $17 billion market cap, 70% of which would be just $12 billion. The deal will involve Sprint selling $8 billion of stock directly to Softbank, and another $12 billion that will be acquired through Sprint shareholders, at a price of $7.30 a share.

Read More
Quantcast