Overland Park, Kansas' Sprint Sells Business to SoftBank - O'Keeffe and O'Malley

Overland Park, Kansas’ Sprint Sells Business to SoftBank

Jun 25, 2013

After months of tension, the shareholders of Sprint Nextel have sold a majority stake to SoftBank of Japan. The selling price was $21.6 billion. SoftBank will gain a 78% stake in Sprint and a valuable entry into the American cell phone market. Sprint gains the financial backing necessary to take on bigger rivals, Verison Wireless and AT&T.