With its deal to acquire control of Sprint and Clearwire almost complete, SoftBank head Masayoshi Son is looking forward to delivering on the promises he has made to shareholders. It's been nine ... more 
With its deal to acquire control of Sprint and Clearwire almost complete, SoftBank head Masayoshi Son is looking forward to delivering on the promises he has made to shareholders. It's been nine months since we first caught wind of Softbank's $20.1 billion purchase of a majority stake in Sprint, and the story is finally coming to a close. Japanese mobile carrier Softbank announced that it expected the deal to close after nine months of various obstacles. The FCC approved the merger on July 5th. SoftBank's credit has been downgraded following the FCC's approval of its acquisitions of Sprint and Clearwire, which SoftBank?said it expects to close on July 10th. Standard & Poor's cut the company's credit rating from a BBB grade to a BB+ junk rating/ less 
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Wochit
Mon, Jul 8, 2013 7:32 PM EDT