sprint

Sprint will belong to Japan’s SoftBank in 2 more days

The $21.6 billion deal was initiated officially last fall and then went through months of shareholder voting and regulatory approval. The deal will close on July 10 and will finish with SoftBank owning 78 percent of the fully diluted shares of “New Sprint.”

Softbank

Hallelujah – Softbank/Sprint makes three

Since the announcement yesterday that Japan-based Softbank is making a bid for majority control of Sprint-Nextel, the analysts have been busy churning through the implications. But the simplest and clearest one is this: The US wireless market will no longer be a tightly-controlled duopoly.