/// SoftBank Deal Expected as Sprint Schedules Early Morning Webcast
After confirming last week that it was in talks with SoftBank about a strategic investment , Sprint scheduled an investor Webcast for very early Monday. The “special Webcast” is slated for 1 a.m. PT Sunday and, sleep be damned, AllThingsD will have live coverage. The Wall Street Journal reported on Sunday that SoftBank and Sprint were nearly ready with a $20 billion deal that would give the Japanese company a majority stake in the No. 3 U.S. cellular carrier. While the deal is expected, among the open questions are whether SoftBank will also grab a larger stake in Clearwire and if it is eyeing further acquisitions, potentially including T-Mobile USA, which is itself in the process of trying to buy rival MetroPCS .
SoftBank Deal Expected as Sprint Schedules Early Morning Webcast