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Japan's Softbank snaps up Sprint in $20 billion deal

An employee works behind a logo of Softbank Corp at its branch in Tokyo March 2, 2011. REUTERS/Toru Hanai

An employee works behind a logo of Softbank Corp at its branch in Tokyo March 2, 2011. REUTERS/Toru Hanai

An employee works behind a logo of Softbank Corp at its branch in Tokyo March 2, 2011. REUTERS/Toru Hanai
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A man talks on his mobile phone in front of an advertisement board of Japan's third-biggest mobile phone operator SoftBank Corp. at a subway station in Tokyo in this November 29, 2008 file photograph. REUTERS/Stringer/Files

A man talks on his mobile phone in front of an advertisement board of Japan's third-biggest mobile phone operator SoftBank Corp. at a subway station in Tokyo in this November 29, 2008 file photograph. REUTERS/Stringer/Files

A man talks on his mobile phone in front of an advertisement board of Japan's third-biggest mobile phone operator SoftBank Corp. at a subway station in Tokyo in this November 29, 2008 file photograph. REUTERS/Stringer/Files
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Dan Hesse (R), president and CEO of the Sprint Nextel Corporation and Softbank Corp President Masayoshi Son smile during their joint news conference in Tokyo October 15, 2012. REUTERS/Yuriko Nakao

Dan Hesse (R), president and CEO of the Sprint Nextel Corporation and Softbank Corp President Masayoshi Son smile during their joint news conference in Tokyo October 15, 2012. REUTERS/Yuriko Nakao

Dan Hesse (R), president and CEO of the Sprint Nextel Corporation and Softbank Corp President Masayoshi Son smile during their joint news conference in Tokyo October 15, 2012. REUTERS/Yuriko Nakao
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Dan Hesse (R), president and CEO of the Sprint Nextel Corporation speaks as Softbank Corp President Masayoshi Son laughs during their joint news conference in Tokyo October 15, 2012. REUTERS/Yuriko Nakao

Dan Hesse (R), president and CEO of the Sprint Nextel Corporation speaks as Softbank Corp President Masayoshi Son laughs during their joint news conference in Tokyo October 15, 2012. REUTERS/Yuriko Nakao

Dan Hesse (R), president and CEO of the Sprint Nextel Corporation speaks as Softbank Corp President Masayoshi Son laughs during their joint news conference in Tokyo October 15, 2012. REUTERS/Yuriko Nakao
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People walk in front of a logo of Softbank Corp at its branch in Tokyo, in this file picture taken March 2, 2011. Japan's Softbank Corp said on October 12, 2012 that it is in talks with Sprint Nextel Corp about investing in the U.S. telecoms firm, but nothing has been decided. REUTERS/Toru Hanai/Files

People walk in front of a logo of Softbank Corp at its branch in Tokyo, in this file picture taken March 2, 2011. Japan's Softbank Corp said on October 12, 2012 that it is in talks with Sprint Nextel Corp about investing in the U.S. telecoms firm,...more

People walk in front of a logo of Softbank Corp at its branch in Tokyo, in this file picture taken March 2, 2011. Japan's Softbank Corp said on October 12, 2012 that it is in talks with Sprint Nextel Corp about investing in the U.S. telecoms firm, but nothing has been decided. REUTERS/Toru Hanai/Files
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Traders work near the post that trades Sprint and MetroPCS, on the floor of the New York Stock Exchange October 11, 2012. Japanese mobile carrier Softbank Corp is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp for more than 1 trillion yen ($12.8 billion), according to a source with direct knowledge of the matter, adding yet another potential shake-up to the fast-changing U.S. wireless market. REUTERS/Brendan McDermid

Traders work near the post that trades Sprint and MetroPCS, on the floor of the New York Stock Exchange October 11, 2012. Japanese mobile carrier Softbank Corp is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp for more than 1...more

Traders work near the post that trades Sprint and MetroPCS, on the floor of the New York Stock Exchange October 11, 2012. Japanese mobile carrier Softbank Corp is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp for more than 1 trillion yen ($12.8 billion), according to a source with direct knowledge of the matter, adding yet another potential shake-up to the fast-changing U.S. wireless market. REUTERS/Brendan McDermid
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Dan Hesse, CEO of the Sprint Nextel Corporation addresses attendees during the International CTIA WIRELESS Conference & Exposition in New Orleans, Louisiana May 8, 2012. REUTERS/Sean Gardner

Dan Hesse, CEO of the Sprint Nextel Corporation addresses attendees during the International CTIA WIRELESS Conference & Exposition in New Orleans, Louisiana May 8, 2012. REUTERS/Sean Gardner

Dan Hesse, CEO of the Sprint Nextel Corporation addresses attendees during the International CTIA WIRELESS Conference & Exposition in New Orleans, Louisiana May 8, 2012. REUTERS/Sean Gardner
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