Oct 11 (Reuters) - Sprint Nextel Corp :
* Confirms discussions with Softbank on a possible transaction
* Currently engaged in discussions with Softbank
* Says engaged in discussions with Softbank regarding a potential substantial
investment by Softbank in Sprint
* Source text: Sprint (NYSE: S) today confirmed that it is currently engaged in discussions with Softbank regarding a potential substantial investment by Softbank in Sprint. Although there can be no assurances that these discussions will result in any transaction or on what terms any transaction may occur, such a transaction could involve a change of control of Sprint. Sprint does not intend to comment further unless and until an agreement is reached.
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