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Sprint Jumps Amid Speculation It Will Merge With T-Mobile

Sprint Corp., the third-largest U.S. wireless carrier, jumped 8.3 percent amid speculation that the company is getting closer to merging with rival T-Mobile US Inc.

The stock rose to $10.79 in New York, marking the biggest one-day gain since Japan’s SoftBank Corp. acquired majority control of the Overland Park, Kansas-based carrier in July. The shares have almost doubled since that transaction closed.