Sprint Nextel Shares Soar on Takeover Reports

The video above is from Thursday's MarketFoolery podcast, featuring host Chris Hill and analysts Joe Magyer and Jason Moser. In this segment, the focus is on reports that Japanese mobile carrier Softbank is in talks to take a controlling interest in Sprint Nextel (NYSE: S  ) . Not surprisingly, shares were up more than 14% on huge trading volume following the news. The guys discuss long-term prospects for an invigorated Sprint Nextel and whether or not AT&T (NYSE: T  ) and Verizon (NYSE: VZ  ) should be worried.

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Chris Hill has no positions in the stocks mentioned above. Jason Moser has no positions in the stocks mentioned above. Joe Magyer has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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