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