One of the big names in corporate earnings news today was SoftBank, which reported that its quarterly profit rose 50 percent from a year ago. If you’ve never heard of the Japanese conglomerate, you probably have heard of Sprint. SoftBank bought a majority stake in the U.S. wireless carrier four years ago for 22 billion […]

Shareholders of Sprint Nextel approved an offer from Softbank to acquire a bulk of the U.S. phone company. Now it's up to Washington regulators to approve the foreign purchase.

The Wall Street Journal is reporting that Japan-based SoftBank will allow the U.S. government to pick a member of Sprint's board if the deal goes through.

To compete with AT&T and Verizon, which have about 70 percent of the market, Sprint needs more spectrum and Clearwire has it.

Softbank, Japan’s No. 3 mobile phone network, agrees to buy a majority stake in Sprint, in a bold bid to take on giants AT&T and Verizon.