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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.
The United States Federal Communications Commission approved SoftBank's acquisition of a stake in Sprint. The FCC's acting chairwoman Mignon Clyburn and commissioner Ajit Pai both gave statements vociferously supporting the acquisition, saying the deal "serve[s] the public interest". [77] The acquisition was completed on July 10, 2013.
Federal Communications Commission Approves SoftBank's Investment in Sprint and Sprint's Acquisition of Clearwire OVERLAND PARK, Kan., BELLEVUE, Wash. & TOKYO--(BUSINESS WIRE)-- The Federal ...
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 ...
The Department of Justice has written to the Federal Communications Commission asking it to "defer action" in the matter of Sprint Nextel selling 70% of itself to Japanese mobile operator SoftBank.
The Department of Justice has written a letter to the Federal Communications Commission asking it to "defer action" on the agreement Sprint Nextel made with mobile operator SoftBank. That deal ...
The U.S. Department of Justice has asked the Federal Communications Commission to defer a decision on the $20 billion Softbank plan to acquire control of Sprint Nextel Corp. (NYSE: S). Agencies of ...
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 ...