The Moon Phase

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Sprint Confirms Discussions with Softbank on a Possible Transaction

Oct 11, 2012 10:05:00 AM

Copyright Business Wire 2012


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OVERLAND PARK, Kan.--(BUSINESS WIRE)-- Sprint (NYSE: S) today confirmed that it is currently engaged in discussions with Softbank regarding a potential substantial investment by Softbank in Sprint. Although there can be no assurances that these discussions will result in any transaction or on what terms any transaction may occur, such a transaction could involve a change of control of Sprint. Sprint does not intend to comment further unless and until an agreement is reached.