Japan's Softbank Maybe Planning to acquire Sprint for $12 billion; Sprint Stock Soars

Discussion in 'Android News' started by dgstorm, Oct 11, 2012.

  1. dgstorm
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    dgstorm Editor in Chief Staff Member Premium Member

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    An industry shakeup may be headed our way. Industry intel indicates that the Japanese carrier Softbank is in advanced talks to acquire Sprint. Several different reputable news agencies including Reuters and the Wall Street Journal reported today that Softbank is in final negotiations to purchase the Now Network for 1 trillion yen (about $12.8 billion US dollars). Of course, this news sent Sprint's stock soaring. It is up over 17% already. This is on top of the fact that it has already doubled in value in just a year.

    This news could mean a lot of things for Sprint. For one, it could bring an influx of infrastructure capital to help improve their current network and push out Sprint's new LTE network even faster (even though they are already ahead of schedule). It could also mean that we might finally start seeing some of that unique high-end gadgetry that only seems to come out in Japan.

    Of course, the most desirable outcome would be an influx of advertising dollars for Sprint. This way, the company could get even more aggressive and potentially start stealing more marketshare from AT&T and Verizon. If that happened, then those other two behemoths might be more inclined to start getting competitive with their pricing again. What do you guys think? (besides wishing that you had bought some Sprint stock last year.)

    Source: Engadget
     
  2. akhenax
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    akhenax Senior Member

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    I don't know how I feel about a foreign company buying a U.S. company. Not sure this is good news. Having foreign control over a U.S. carrier gives me the "willies". We see what Vodafone has done with Verizon Wireless. :icon_eek:
     
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  3. wicked
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    wicked DF Administrator Staff Member Premium Member

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    Softbank is the 3rd largest carrier in Japan with over 30,000,000 subscribers. Only NTT Docomo and KDDI AU are ahead of it.
     
  4. johnomaz
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    johnomaz Silver Member

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    Time to sell your stock now if you have it.
     
  5. geoff5093
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    geoff5093 Senior Member

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    What about T-Mobile? That's a foreign owned company, and they are very popular here and very competitive.
     
  6. tjk629
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    tjk629 Silver Member

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    45% of Verizon wireless is owned by vodafone. So it isn't that big of a deal to have an good chunk of an American company be owned by a foreign company.
     
  7. swc2001
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    swc2001 Active Member

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    Agreed!
     
  8. liftedplane
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    liftedplane Senior Member

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    excepting of course that plans and phones in japan are much better than what we get here in the states, maybe having a japanese company with their hands in our mobile phone market will increase the amount of awesome gadgets AND make other companies more competitive
     
  9. wicked
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    wicked DF Administrator Staff Member Premium Member

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    This.
     
  10. mountainbikermark
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    mountainbikermark DF Super Moderator Staff Member Premium Member

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