Deals
Charter Is Cool to SoftBank's Sprint Plan, Still in Talks
- Son is said to pitch deal to combine cable, wireless companies
- Exclusivity in Charter-Comcast-Sprint talks expired last week
Masayoshi Son Said to Plan Making Offer for Charter
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Charter Communications Inc. is cool to Japanese billionaire Masayoshi Son’s proposal to combine with his Sprint Corp., though talks remain active, according to a person familiar with the matter.
Son, who is Sprint Corp.’s chairman, proposed a cash and stock merger of his money-losing wireless company with Charter, people familiar with the matter said, asking not to be identified discussing private information. The idea called for the creation of a new publicly traded company that would combine Sprint and Charter and be controlled by Son’s SoftBank, the people said.