Sprint confirms Softbank negotiations

The story, " Sprint confirms Softbank negotiations," posted Thursday, incorrectly reported the presumed value of a Softbank deal with Sprint. The value is US$30 billion. The second paragraph of the story on the wire has been changed and now reads:

The confirmation, issued in a one-paragraph statement, follows a report in the Japanese business newspaper Nikkei that Softbank is in negotiations to acquire Sprint in a deal reportedly worth more than US$30 billion. Interestingly, Softbank on Thursday evening Japan time had issued its own statement, saying that the Nikkei report was "based on speculation," that the company had not announced anything and does not comment on speculation.