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 A pedestrian uses her mobile phone before a Softbank mobile phone shop in Tokyo on October 12, 2012. Japanese mobile carrier Softbank is eyeing a monster 25 billion USD buy-in to the US telecom market including the takeover of Sprint Nextel in what could be among Japan Inc.'s biggest-ever overseas deals. Sprint Nextel confirmed it was talking with Softbank about a takeover, which could help vault the Japanese firm into the top three mobile giants globally. AFP PHOTO / Yoshikazu TSUNO (Photo credit should read YOSHIKAZU TSUNO/AFP/GettyImages)
 A pedestrian uses her mobile phone before a Softbank mobile phone shop in Tokyo on October 12, 2012. Japanese mobile carrier Softbank is eyeing a monster 25 billion USD buy-in to the US telecom market including the takeover of Sprint Nextel in what could be among Japan Inc.'s biggest-ever overseas deals. Sprint Nextel confirmed it was talking with Softbank about a takeover, which could help vault the Japanese firm into the top three mobile giants globally. AFP PHOTO / Yoshikazu TSUNO (Photo credit should read YOSHIKAZU TSUNO/AFP/GettyImages)

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    SoftBank buying 70% stake in Sprint

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SoftBank buying 70% stake in Sprint

Japanese wireless carrier Softbank announced it will take over U.S. based Sprint Nextel. CNN's Alex Zolbert reports.

SoftBank buying 70% stake in Sprint

Japanese wireless carrier Softbank announced it will take over U.S. based Sprint Nextel. CNN's Alex Zolbert reports.