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[WSJ] Softbank in Advanced Talks to Acquire Sprint Nextel

post #1 of 24
Thread Starter 
Quote:
Japanese mobile carrier Softbank Corp. is in advanced talks to buy U.S. wireless carrier Sprint Nextel Corp. for roughly $13 billion, a person with knowledge of the negotiations said Thursday.

Source
Engadget + Press Release
Additional Source (Thanks Nekon)
Additional Information About the Transaction (Thanks Cayennemist)
Edited by tubnotub1 - 10/15/12 at 11:26pm
post #2 of 24
I don't really know how to take this news.
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post #3 of 24
Good..maybe they will carry Windows Phone 8 devices if this happens.....


Also - 1,000th post! biggrin.gif
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post #4 of 24
Not excited about a foreign company buying out a large american corporation, unless they bring better competition, which could mean more jobs here.
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post #5 of 24
Quote:
Originally Posted by lordikon View Post

Not excited about a foreign company buying out a large american corporation, unless they bring better competition, which could mean more jobs here.

Couldn't have said it better. I would love to see more competition and jobs(<--especially this).
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post #6 of 24
Darn it.. I like Sprint, I really hope this doesn't send it back to the stoneage.
post #7 of 24
Much better source (http://dealbook.nytimes.com/2012/10/11/softbank-of-japan-said-to-near-a-deal-for-control-of-sprint/). Roughly a 75% stake with the purpose of a cash infusion, I'm pretty sure the money already has marching orders. Investors should be excited as could be the financial partner/backer Sprint has been searching for enabling them to battle the ATT & Verizon. As Sprint has successfully increased value they've attracted a strong partner. Suddenly exciting mergers, acquisitions, and faster growth can be seen just ahead.

As for the jobs comments, the OP's title is misleading while technically 75% would be a majority stake, this deal is shaping up/rumored to be a cash infusion. They're not tightening the belt or trying to relocate any more jobs.
Edited by vortech - 10/11/12 at 9:28am
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post #8 of 24
As an old Softbank user, I am strangely okay with this. Well, not the foreign ownership part but I really do like Softbank's selection of phones. tongue.gif
post #9 of 24
I am happy with any deal that might offer some real competition to verizon and AT&T and give consumers some real choices and force the hand of the big two players. Here's hoping anyway...
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post #10 of 24
Kinda like Chrysler/Fiat again, and I think they're doing much better than before their "merger".

Softbank is a huge telecommunications company in Japan, so hopefully this will help Sprint become competitive again. Let's see how this goes. Should be quite interesting.
     
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