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SoftBank today announced the completion of acquisition of the America's 3rd-largest mobile carrier, Sprint Nextel Corporation. SoftBank spent $21.6 billion to gain 78% of the new Sprint's shares. In accordance with the transaction, Sprint has been renamed Sprint Communications, Inc., and Masayoshi Son, Chairman & CEO of SoftBank became Chairman of the Sprint Corporation.
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Akihabara News , SoftBank - Completed to acquire America's 3rd-largest mobile carrier, Sprint Nextel Corporation, SoftBank - Completed to acquire America's 3rd-largest mobile carrier, Sprint Nextel Corporation