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Softbank in Advanced Talks to Acquire Sprint Nextel

     
3:07 am on Oct 12, 2012 (gmt 0)

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Sprint Looks to Japan For Help [online.wsj.com]

Japanese phone and Internet company Softbank Corp. is in talks to buy a significant stake in the ailing U.S. wireless carrier, Sprint said. A deal would offer a multibillion-dollar lifeline that could help Sprint finance future mergers of its own and better compete with its much bigger and richer rivals.