Expect scrutiny from regulators of Sprint-SoftBank deal

Washington will weigh the effect SoftBank Corp.'s purchase of Overland Park-based Sprint Nextel Corp. would have on competition in the cellphone world. Regulators will need to find reason to let a foreign buyer own a big piece of an American telecom business. National security issues will come up, too.

Softbank said to have deal to buy 70% of Sprint

Sprint Nextel Corp. is expected to announce a $20 billion deal today with Japanese telecom company SoftBank Corp. CNBC said Sunday that the two sides had agreed in principle on a transaction to give SoftBank 70 percent ownership of the Overland Park-based company.