SoftBank Said to Seek Decision on T-Mobile Bid Within Weeks

SoftBank Corp.’s billionaire founder Masayoshi Son and Sprint Corp. Chief Executive Officer Dan Hesse plan to decide in the next few weeks whether to move ahead on a bid for T-Mobile US Inc. after speaking with U.S. regulators, people with knowledge of the matter said.

Son will also meet with T-Mobile owner Deutsche Telekom AG to relay those conversations so the two companies can determine if they should begin structuring a deal, said the people, who asked not to be identified because the talks are private. Deutsche Telekom asked Son to gauge regulatory sentiment for such a deal, said two of the people.