PRESS RELEASE RE: JULY 1, 2013:
OVERLAND PARK, Kan. & TOKYO (BUSINESS WIRE), May 23, 2013 - Sprint (NYSE:S) and SoftBank (TSE: 9984) announced today that the companies have received all necessary state regulatory approvals for their proposed transaction. This morning, the California Public Utilities Commission voted to approve the transaction, providing the final state approval needed for the transaction. The state applications were filed before a total of 23 states and the District of Columbia, beginning in November, 2012.
The companies continue to work closely with officials at the Federal Communications Commission and other Federal government agencies reviewing the transaction.
In its review of the transaction, the California Commission found that SoftBank’s investment in Sprint will lead to increased competition that “will benefit consumers and the telecommunications marketplace.”
The companies remain committed to completing their transaction on the terms previously disclosed. They continue to anticipate closing on July 1, 2013, subject to satisfaction of closing conditions, including receipt of the remaining regulatory approvals.
It's making it;s way across the forums now.