http://www.blogcdn.com/www.engadget.com/media/2012/10/softbank-photo.jpg Rumors of Sprint’s $12 billion acquisition by Softbank](Japan's Softbank in 'advanced talks' to acquire Sprint for more than $12 billion (update: confirmed)) weren’t exaggerated, they were understated: according to CNBC, the Now Network will announce a $20 billion transaction with the Japanese network on Monday, granting Softbank a 70 percent stake in the company.
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CNBC: Softbank to pay $20 billion for a 70 percent stake in Sprint originally appeared on Engadget on Sun, 14 Oct 2012 17:25:00 EDT. Please see our terms for use of feeds.
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