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The new BCA gives an exchange ratio of 11.00 Sprint shares for each T-Mobile share, up from the original agreement of 9.75 Sprint shares. SoftBank, Sprint's owner, has agreed to surrender 48.8 million T-Mobile shares acquired in the merger to the New T-Mobile, making SoftBank's effective ratio of 11.31 shares per T-Mobile share.
Jamie Squire/Getty Images By Carey Gillam OVERLAND PARK, Kan. -- Sprint shareholders have voted in favor of a sweetened takeover offer from SoftBank, ending a contentious takeover battle for the ...
Initial rumors were that part of the deal for Softbank to buy 70% of Sprint-Nextel (NYSE: S) for just over $20 billion, would involve Sprint's takeover of 4G broadband Clearwire (NASDAQ: CLWR ...
By Sam Nussey. TOKYO (Reuters) -SoftBank Group Corp said it would receive shares in telco T-Mobile US worth some $7.59 billion at no additional cost, driving the Japanese conglomerate's shares up 5%.
In July 2013, Morrison & Foerster represented SoftBank in its $21.6 billion acquisition of a 78 percent stake in Sprint Nextel. [26] According to The Wall Street Journal, the transaction was "one of the most complex and unusual deals in the annals of takeovers." [27] The firm also represented SoftBank in Alibaba's U.S. IPO—the largest IPO in ...
The Securities and Exchange Commission has signed off on SoftBank's paperwork regarding its proposal to buy a substantial portion of Sprint Nextel , SoftBank announced yesterday. This means Sprint ...
In September 2016, SoftBank announced that the transaction was complete. The total acquisition price was approximately £24 billion ($34 billion). [47] [42] In 2020, SoftBank Group agreed to sell U.K. chip designer Arm Limited to U.S. chip-maker Nvidia in a cash and stock deal initially worth $40 billion. The buy price, initially set at $40bn ...
The Federal Communications Commission has unanimously approved both the acquisition of Sprint Nextel by Japan's SoftBank and Sprint's purchase of the remaining shares it doesn't already own of ...