Sprint Says It Is in Negotiations With Softbank of Japan

Here’s Another Reporters, View of This Topic…

Sprint Nextel confirmed on Thursday that it was in talks with Softbank of Japan over a “potential substantial investment.” A deal would give the struggling American cellphone service provider a deep-pocketed backer to help finance its turnaround effort.

Softbank is contemplating a complex structure in which it would buy a roughly 75 percent stake in Sprint, according to a person briefed on the matter. But the person cautioned that details were still being negotiated and a transaction may not transpire.

Read More: Softbank in Control of Sprint?

by By Michael J. De La Merced And Brain x. Chen