Acquisition Latest News: Sprint Shareholders Give Thumbs up to Takeover by Softbank

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Acquisition Latest News: Sprint Shareholders Give Thumbs up to Takeover by Softbank

Acquisition Latest News: Sprint Shareholders Give Thumbs up to Takeover by Softbank
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Acquisition Latest News: Sprint Shareholders Give Thumbs up to Takeover by Softbank

by Wochit 0:59 mins

Shareholders of Sprint Nextel Corp voted in favor of a sweetened takeover offer from SoftBank Corp, ending a contentious takeover battle for the No. 3 U.S. wireless service provider. Antitrust regulators are conducting a preliminary inquiry into Google Inc's recent acquisition of online mapping service Waze, according to a person with knowledge of the matter. The inquiry by the U.S. Federal Trade Commission has not reached the level of an investigation and Google is complying voluntarily. Google paid just over $1 billion in cash to acquire Israel-based Waze earlier this month. Pfizer Inc said that enough investors had offered to trade their shares of the drugmaker for those in its majority owned Zoetis Inc animal health business, a final step in the spinoff of the unit.

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