This just in. According to a new report out this morning, Softbank, Japan’s third-largest wireless operator, is in talks to buy a controlling stake in Overland, Kansas-based Sprint, the nation's third-largest carrier. The transaction is said to be worth an estimated 1.5 trillion yen, or $19 billion, and would file as the largest purchase of a foreign company by a Japanese firm.
SoftBank used to be the only official iPhone carrier in Japan until the release of iPhone 4S last November. According to people familiar with the situation, Softbank is aiming to buy all of the outstanding shares in Sprint, which had more than 56 million users at the end of June...