by Anton D. Nagy | October 15, 2012 5:20 AM
The rumors and reports were right on spot as Softbank and Sprint announced that the two companies entered definitive agreements. Softbank will invest $20.1 billion as follows: $12.1 billion to be distributed to Sprint stockholders and $8.0 billion of new capital to strengthen Sprint’s balance sheet. Once the deal is closed SoftBank will own around "70% of the fully-diluted shares of New Sprint, which will own 100% of the shares of Sprint". Both parties are looking forward to create a new, more competitive "New Sprint", as the two Boards of Directors (SoftBank and Sprint) have approved ...
Posts tagged with: New Sprint