Sprint (S +0.9%) shareholders have approved the company's merger with SoftBank (SFTBF.PK); a...

|About: Sprint Corporation (S)|By:, SA News Editor

Sprint (S +0.9%) shareholders have approved the company's merger with SoftBank (SFTBF.PK); a company spokesman says 80% of outstanding shares (and 98% of votes cast) were voted in favor of the deal. SoftBank's revised deal gives the Japanese carrier a 78% stake in Sprint, and existing investors $5.50/share in cash to go with some equity.