In a joint press conference, Softbank has officially announced that it is buying a 70 percent stake in US mobile carrier Sprint. The Japanese company is paying $12.1 billion to buy existing shares, and a further $8 billion for new shares that the network is issuing. DevelopingContinue reading Softbank confirms 70 percent Sprint acquisition for $20.1 billionSoftbank confirms 70 percent Sprint acquisition for $20.1 billion originally appeared on