Softbank confirms that it has agreed to acquire Sprint (S) in a deal worth $20.1B. The Japanese...

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

Softbank confirms that it has agreed to acquire Sprint (S) in a deal worth $20.1B. The Japanese mobile operator will purchase $8B in newly-issued stock and $12.1B in existing shares, giving the company a 70% stake in Sprint overall. Watch live press conference here.