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Nikkei: SoftBank in talks to acquire Sprint for $20 billion

Corey

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SoftBank Sprint Acquisition

Why is Sprint (S) suddenly less interested in MetroPCS (PCS)? According to a report from Nikkei on Thursday, it’s because Japanese carrier SoftBank is in talks to acquire the United States’ third largest carrier for approximately 1.5 trillion yen, or $19.22 billion. Additional details are limited and Nikkei’s report does not cite any sources. SoftBank acquired rival Japanese carrier eAccess earlier this month, and is rumored to be working on additional deals.

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