Good evening, I’m Patrick Powell reporting to you the daily news cap from WOSU.
In international and national news, the Japanese mobile operator company Softbank, purchases a majority stock in Sprint.
While Sprint was once losing one million customers a quarter and currently has a net debt of fifteen billion dollars, Sprint, now a consolidated subsidiary of Softbank, is being geared for a turnaround.
Also, Softbank’s purchase brings with it potential for economic growth in Japan, as the Japanese market is experiencing economic stagnation.
The acquisition of a seventy percent share of Sprint will make Softbank the third largest mobile operator in the world.
In entertainment news, the movie Taken 2 has taken the number one spot for the second week in a row.
Grossing nearly twenty one point nine million dollars, it beat out its competitor, the Ben Affleck directed Argo, by 2 million dollars.
Thanks for tuning in, this is WOSU NPR News.