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Sprint Sets June 12 as Tentative Date for SoftBank Vote

Sprint Nextel Corp. (S) has tentatively set June 12 as the date for a shareholder vote on selling a 70% stake to Japan's SoftBank Corp. (9984.TO) for $20.1 billion.A Sprint spokesman said the proxy related to the vote hasn't been approved by the Securities and Exchange Commission and the date may change. The news of the tentative date was first reported by Reuters Friday.Sprint, the No. 3 U.S. wireless carrier, is intertwined in a series of deals that aim to remake the long-struggling company. After striking a deal with SoftBank last fall, Dish Network Corp. (DISH) made a competing $25.5 billion proposal to buy Sprint last week.Sprint's board has formed a special committee to evaluate the Dish offer and it has also requested additional information from Dish. A number of major Sprint shareholders have voiced their endorsement of the Dish offer.Sprint itself is in the process of buying the portion of mobile-broadband company Clearwire Corp. (CLWR) that it doesn't already own.Dish had mad...

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  1. Softbank Won't Rule Out Marrying Sprint, MetroPCS

    Fresh off his $20 billion takeover of Sprint Nextel (NYSE:S), the CEO of Japan's Softbank told The Wall Street Journal he wouldn't rule out launching a competing bid...

  2. RPT-Fearing leaks, Japan's Softbank sprinted to close U.S. deal

    After months of secretive talks between "Starburst" and "Saturn" - codenames for Japanese telecoms firm Softbank and its U.S. target Sprint - fears that media leaks ...

  3. Japan's Softbank snaps up Sprint in $20 billion deal

    Japanese mobile operator Softbank Corp said it will buy about 70 percent of Sprint Nextel Corp for $20.1 billion, giving Softbank the American toehold it has long de...

  4. Analysis: Sprint-Softbank deal's big on size, small on change

    It's this year's biggest technology acquisition and the largest outbound deal in Japan's history. But game-changing, it is not.Softbank Corp's <9984.T> pricey $20 bi...

  5. Japan's Softbank to buy 70 percent of Sprint for $20.1 billion

    Japanese mobile operator Softbank Corp said it will buy about 70 percent of Sprint Nextel Corp, the third-largest U.S. carrier, for $20.1 billion - the most a Japane...

  6. Softbank to Buy 70% Stake in Sprint for $20B

    Japanese mobile operator Softbank said Monday it will buy about a 70% stake in Sprint Nextel (NYSE:S) for $20.1 billion, a move that could provide Sprint with the po...

  7. Softbank says to buy up to 70 percent of Sprint for $20.1 billion

    Japanese mobile operator Softbank Corp said on Monday it will buy up to 70 percent of Sprint Nextel Corp, the third-largest U.S. carrier, for about $20.1 billion - t...

  8. Sprint CEO: Clearwire Not Object Of Softbank Pact

    Sprint Nextel Corp. Chief Executive Daniel Hesse said at a news conference Monday that the company's agreement to be majority acquired by Japan's Softbank Corp. didn...

  9. Softbank says to buy up to 70 percent of Sprint for $20 billion

    Japanese mobile operator Softbank Corp said it will buy up to 70 percent in Sprint Nextel Corp, the third-largest U.S. carrier, for about $20.1 billion - the most a ...

  10. Softbank to buy up to 70 percent of Sprint for $21 billion

    Japanese mobile operator Softbank Corp said it will buy up to 70 percent in Sprint Nextel Corp, the third-largest U.S. carrier, for $21.1 billion - the most a Japane...

  11. Softbank nears $20 billion deal for 70 percent of Sprint

    Japanese mobile operator Softbank Corp will announce later on Monday a deal to acquire control of U.S. carrier Sprint Nextel Corp, a source familiar with the matter ...

  12. Softbank seeks majority Sprint stake

    Japanese mobile carrier Softbank Corp <9984.T> is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp for more than 1 trillion yen ($12.8 billion), ...

  1. U.S. wireless carriers seek alternatives as phone growth slows

    U.S. mobile phone companies are starting to realize they need more than phones to keep growing.Shares of AT&T Inc fell 5 percent on Wednesday after the No. 2 U.S. mo...

  2. Sprint's 4Q Tops Views, Subscriber Losses Continue

    Sprint Nextel (NYSE:S) beat estimates on Thursday with a lighter-than-expected fourth-quarter loss, but the No. 3 U.S. wireless provider's subscriber totals trailed ...

  3. Clearwire investor seeks to block sale to Sprint

    A large Clearwire Corp shareholder on Friday stepped up its campaign against the planned sale of the wireless service provider to its majority owner, Sprint Nextel C...

  4. Clearwire investor steps up campaign against Sprint deal

    A large Clearwire Corp shareholder said on Friday it plans to ask the U.S. telecoms regulator to block the sale of the wireless service provider to its majority owne...

  5. Clearwire investors unlikely to get higher Sprint bid

    Sprint Nextel Corp's $2.2 billion offer for Clearwire Corp is likely to face resistance from Clearwire's minority shareholders, but accepting the offer may prove to ...

  6. Sprint Sweetens Clearwire Takeover to $2.2B

    Sprint Nextel (NYSE:S) sweetened its bid to take full control of Clearwire (NASDAQ:CLWR) to $2.2 billion on Monday in an effort to win over skeptical shareholders an...

  7. Sprint Nextel's 3Q Red Ink Grows

    Fresh off its mega deal with Japan's Softbank, Sprint Nextel (NYSE:S) disclosed a deeper third-quarter loss on Thursday amid ongoing customer defections, but Wall St...

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