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Softbank nears $20 billion deal for 70 percent of Sprint: sources

Japanese mobile operator Softbank Corp is near a $20 billion deal to acquire control of U.S. carrier Sprint Nextel Corp, sources familiar with the matter said, as the firm led by billionaire Masayoshi Son seeks a foothold in the U.S. market.

Sprint Nextel considers selling majority stake

Sprint Nextel said Thursday that it is considering selling a majority stake to Japan’s SoftBank, the latest deal among industry underdogs who are scrambling to catch up to the leads of giants Verizon Wireless and AT&T.

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