Sprint savior? Japan's Softbank could bring badly needed boost
Softbank may be the shot in the arm that Sprint Nextel needs to finally be competitive with the big boys in the U.S.
Sprint and Softbank confirmed early Monday that they had agreed to a deal in which Softbank would spent $20.1 billion to take a 70 percent stake in the company. Softbank will pay shareholders $12.1 billion and invest $8 billion in the business. But the deal underscores an increasingly evident reality for Sprint: that the growing pressures of the wireless industry are too much for the company to handle alone. It already must deal with … Read more