1. Softbank Snaps Up Sprint Nextel For $20.1 Billion
The biggest acquisition of 2012 goes to a blockbuster telecom deal. Softbank, Japan's third-largest mobile carrier, spent $20.1 billion to acquire a majority stake in Sprint Nextel, the third largest mobile carrier in the U.S. Sprint Nextel said the addition of Softbank experience with LTE wireless technology will help it become more competitive in the U.S. mobile carrier market. In addition, Sprint Nextel has already used some of the $20.1 billion from Softbank to acquire U.S. Cellular's Midwestern U.S. spectrum and customers.