Softbank Chairman and CEO Masayoshi Son
(Credit: Dan Farber/CNET )
It's not exactly clear what's behind Softbank's tentative proposal to acquire control of Sprint. But that hasn't stopped lots of folks from trying to make sense of a cross-Pacific deal that hasn't even been formally struck yet.
At least the outline of a possible transaction is coming into focus. According to The Wall Street Journal, Softbank -- which zoomed to success in the Japanese market thanks to a years-long exclusive on the iPhone -- would pony up as much as $12.8 billion to acquire a roughly 70 percent stake in Sprint Nextel. That payment would include both a "multibillion-dollar" investment in Sprint via newly issued shares and a tender offer for additional stock on the open market.
Related stories:
- Sprint confirms big-money talks with Softbank
- Sprint in no hurry to raise stakes for MetroPCS merger
- ... [Read more]
No comments:
Post a Comment