Softbank’s Sprint Bid Seen Surviving U.S. Review

Sprint Nextel Corp. said it expects the U.S. Justice Department’s review of its agreement to sell a majority stake to Softbank Corp. to be completed within an initial 30-day review period and won’t warrant an extended investigation.

Under the Hart-Scott-Rodino antitrust law, if regulators need more time to analyze a transaction, they can issue a “second request” extending the review period beyond 30 days.