An Interest In:
Web News this Week
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
- March 22, 2024
October 15, 2012 12:07 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/CicbMCB89bQ/
Softbank Confirms It Is Buying 70% Of Sprint For $20.1B, Creating Worlds Third Largest Mobile Carrier By Sales
Softbank has confirmed the news that it is buying Sprint, the third-largest wireless carrier in the U.S., for $20.1 billion (1.571 trillion). In fact, this is turning out to be full acquisition of what Softbank is calling "New Sprint.": "As a result of the transaction SOFTBANK will ownapproximately 70% of the fully-diluted (as used herein, not giving effect to out-of-the-money options)shares of New Sprint (as defined below), which will own 100% of the shares of Sprint." Softbank says that the combined company will be the world's third largest in terms of revenues.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/CicbMCB89bQ/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch