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On Monday Softbank Corp. announced that it had purchased a 70% stake in Sprint Nextel Corp. (NYSE: S). Now that the deal is finalized what can investors take away from the acquisition?
Money Morning's Chief Investment Strategist Keith Fitz-Gerald appeared on Fox Business' Varney & Co. this morning to discuss the Sprint deal and the changing business environment in Japan.
After earning a Master's in International Finance with a focus on Japanese business the former resident of Japan understands the country's culture better than anyone.
Watch the accompanying video to hear how Keith interprets this deal and what the implications are for investors.