SoftBank Will Close Sprint Acquisition July 10

Posted by at 11:11 am on July 8, 2013

SoftBank today said that it expects to close its equity acquisition of Sprint Nextel on Wednesday, July 10.

The deal received approval from the Federal Communications Commission last week, and Sprint shareholders at the end of June.

The deal now has all the approvals necessary to move forward. SoftBank first proposed the 70% equity acquisition in October 2012.

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