A majority of the Federal Communications Commission have signed off on SoftBank's $21.6 billion acquisition of Sprint Nextel as well as Sprint's bid to take control of wireless service provider Clearwire, according to sources. "This clears a hurdle, so it's almost finalized," said Masamitsu Ohki, a fund manager at Tokyo hedge fund Stats Investment Management. Sprint shareholders approved the SoftBank transaction June 25.

Full Story:

Related Summaries