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Report: Sprint to announce deal with Softbank at 4AM ET

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I thought about posting this in the other thread, but thought a new one might be better, please forgive me mods if I shouldn't have:


CNBC is reporting that Sprint will announce it's Softbank deal at 4 AM Eastern Time this morning via web cast. Softbank will apparently purchase 70 percent of Sprint Nextel for approximately $20 billion.


News story: http://www.cnbc.com/id/49408877


Sprint press release confirming webcast: http://newsroom.sprint.com/article_display.cfm?article_id=2418

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