Sprint Nextel Corp.

Peggy Lowe / KCUR

Sprint Corp. is laying off more than 800 employees at its Overland Park headquarters.

The telecommunications company filed a Worker Adjustment and Retraining Act, or WARN, notice with the state of Kansas late Friday. The firm said it's letting go a total of 829 workers.

The Biggest Deal

Oct 18, 2012

What does $20.1 billion get you?  Well, if you're Japan's SoftBank Corp., it gets you 70% of the third-largest wireless carrier in the United States.

Dan Verbeck / KCUR

If regulators and shareholders approve the deal, Japanese company SoftBank will buy a 70% share in Overland Park-based Sprint Nextel. 

Tokyo-based mobile phone company Softbank Corp. has reached a deal to acquire 70 percent of Sprint Nextel for $20 billion.

Overland Park-based Sprint Nextel has confirmed that Softbank Corp., which owns a large mobile carrier in Japan, is in talks to purchase a commanding stake in Sprint.