The Japanese company will pay $20 billion for a majority stake in the financially troubled U.S. wireless carrier, sources tell CNBC.
Under a deal expected to close in mid-2013, the Japanese technology company will buy a 70 percent stake in Sprint and invest $8 billion in the U.S. carrier.
Sprint has agreed to be purchased by Japanese wireless provider SoftBank. CNET takes you through the deal and how it may affect consumers.
Acquisition of the video-on-demand service will give Blockbuster an increased online presence.
The "most senior geek" after Gates got the OS onto almost every desktop, but he also influenced the decision that prompted the landmark antitrust case.
Wall Street is debating whether defects in the digital radio broadcaster's satellites will throw a wrench in the quality of the company's broadcasting service.
Despite glitches that force the Nasdaq to extend trading by an hour, the tech-heavy market ekes out a gain while blue chips retreat.
The networking giant announces a profit warning for its third quarter and says conditions have "never been more challenging."