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Softbank Is Said to Be in Talks to Buy Control of Sprint
Softbank Corp. (9984), Japan’s third- largest mobile-phone company, is in talks to buy control of Sprint Nextel Corp. (S), according to two people familiar with the matter.
Softbank is seeking two-thirds of the U.S. company, said one of the people, who asked not to be identified because the discussions are private. Softbank is in discussions to acquire the stake for more than 1.5 trillion yen ($19 billion), Japan’s Nikkei newspaper reported on its website, without saying where it got the information.
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