The fight for ownership of Sprint Nextel is drawing to a close, as Sprint shareholders overwhelmingly voted to approve an offer from Japan's SoftBank to buy the company.
Approximately 98 percent of the votes cast on Tuesday supported SoftBank's offer. The deal must still be approved by the Federal Communications Commission. But Softbank said it believes the deal should close in early July.
"Today is a historic day for our company, and I want to thank our shareholders for approving this transformative merger agreement," Sprint CEO Dan Hesse said in a statement. "The transaction with … Read more