Japan's Second-Richest Man to Grab 70% of Sprint

Japan’s Softbank Corp. is near an agreement to buy a 70 percent stake in Sprint Nextel Corp. for $20 billion, a deal that would revitalize the third-biggest U.S. wireless carrier as it competes against larger rivals, according to three people familiar with the talks.
What You Need to Know: FIFA, G-7, Yen
13:27 - Bloomberg's Jonathan Ferro briefs you on the day's top stories. (Source: Bloomberg)
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