Ina Fried

Recent Posts by Ina Fried

SoftBank Gets Key Regulatory Okay for Sprint Deal

Sprint said on Wednesday that the government’s Committee on Foreign Investment in the United States has given clearance for its plan to sell a majority stake to SoftBank.

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As part of the deal, Sprint and SoftBank have agreed to various conditions to assuage national security concerns.

The two companies still hope to close their deal by July, though Sprint’s board must still weigh a competing bid from Dish Network. A special committee of Sprint’s outside directors is talking with Dish to see if their offer is likely to lead to a better bid than the one put forth by SoftBank.

Softbank’s bid has gotten all the needed state regulatory approvals, but still needs public policy okays from the federal government as well as approval of Sprint shareholders.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work