Last update: 8:20 a.m. PT
Sprint Nextel has confirmed that it's holding discussions with Softbank regarding a "substantial investment" by the Japanese mobile carrier.
The confirmation came several hours after a report in the Wall Street Journal said, citing sources, that Softbank is in advanced talks to acquire the U.S.-based carrier for $12.8 billion. Beyond that, details are slim, and there's no telling if the companies might actually arrive at any kind of a deal.
Sprint's statement stopped short of saying that the company would accept a full buyout:Sprint … Read more