Business / Corporate Oct 16, 2012

Softbank plans $20 billion Sprint buy

Softbank Corp. and Sprint Nextel Corp. have entered into definitive agreements under which Japan's third-largest mobile phone carrier will pay $20.1 billion (about ¥1.57 trillion) to acquire a 70 percent stake in the No. 3 U.S. cellphone firm, Softbank said Monday. The deal would create ...