Post-transaction, SoftBank will own approximately 70% and Sprint equity holders will own approximately 30% of New Sprint shares on a fully-diluted basis.

ENGADGET: Softbank confirms 70 percent Sprint acquisition for $20.1 billion

These are carried at book value of 13 billion baht, but will be re-valued post transaction to 69 billion baht.

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"As part of the transaction, Arianna Huffington, The Huffington Post's co-founder and editor-in-chief, will be named president and editor-in-chief of The Huffington Post Media Group, which will include all Huffington Post and AOL content, " the statement said.

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