. It's official: Sprint (S) is getting bought up. Japanese wireless company Softbank (SFTBY) announced on Monday that it will pay just north of $20 billion to acquire a 70% stake in Sprint, which has long been languishing as the third-largest wireless carrier in the United States. As for specifics, Softbank says that $12.1 billion will be paid directly to Sprint's shareholders while $8 billion will go toward strengthening Sprint's balance sheet.
Boy Genius Report , Softbank will pay $20 billion for a 70% stake in Sprint, Softbank will pay $20 billion for a 70% stake in Sprint
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