SoftBank said to win FCC approval for Sprint deal

SoftBank’s bid for Sprint Nextel has reportedly won the support it needs from the Federal Communications Commission, the last regulatory approval necessary to complete the $21.6 billion deal.

Two of three members of the FCC have signed off on the deal, sources familiar with the matter told Bloomberg. That approval reportedly extends to Sprint’s buyout of mobile broadband provider Clearwire.

CNET has contacted SoftBank and Sprint for comment and will update this report when we learn more.

Following a bidding war with Dish Network, Sprint shareholders overwhelmingly voted last week to…

See the original post here: SoftBank said to win FCC approval for Sprint deal

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