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Sprint Nextel Shares Soar on Takeover Reports

By Chris Hill - Updated Apr 7, 2017 at 12:25PM

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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 (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 (T -0.14%) and Verizon (VZ 0.80%) should be worried.

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Stocks Mentioned

Verizon Communications Inc. Stock Quote
Verizon Communications Inc.
VZ
$51.40 (0.80%) $0.41
AT&T Inc. Stock Quote
AT&T Inc.
T
$21.29 (-0.14%) $0.03
Sprint Corporation Stock Quote
Sprint Corporation
S
Vodafone Group Plc Stock Quote
Vodafone Group Plc
VOD
$130.14 (-0.97%) $-1.28
T-Mobile US, Inc. Stock Quote
T-Mobile US, Inc.
TMUS
$134.11 (1.03%) $1.37

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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