SoftBank Official Timeline for Sprint Deal
Here’s the dedicated website, timeline in English, for the status of Softbank Sprint transaction: http://bit.ly/19Ox5AZ
On October 15, 2012, SoftBank and Sprint announced an agreement under which SoftBank will invest $20.1 billion in Sprint, including $12.1 billion to be distributed to Sprint stockholders and $8.0 billion of new capital to strengthen Sprint’s balance sheet. Following closing, SoftBank will own approximately 70% and Sprint’s equity holders will own approximately 30% of the company on a fully-diluted basis.
The SoftBank transaction is fully financed and on track to obtain the remaining regulatory approvals for an expected close in early July 2013. This website contains information related to the SoftBank/Sprint transaction. Please read the materials carefully and visit frequently to learn about new developments through the closing of the transaction. Full Details Here.