Deals
SoftBank Gets National-Security Approval for Sprint Purchase
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SoftBank Corp. won U.S. national-security clearance for its $20.1 billion takeover of Sprint Nextel Corp., helping shore up the deal as the Japanese company tries to ward off a counteroffer from Dish Network Corp.
SoftBank and Sprint were notified yesterday by the Committee on Foreign Investment in the U.S. that it has completed its investigation of the proposed transaction and found no unresolved national-security issues, according to a statement today. SoftBank expects the deal to close July 1.