Deals
Sprint Falls on Concern T-Mobile Deal Won't Provide a Premium
Sprint, T-Mobile Said to Be in New Talks
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Sprint Corp. plunged the most in four months after Bloomberg reported that a potential stock-for-stock merger with T-Mobile US Inc. won’t offer much of a premium for shareholders.
SoftBank Group Corp. the majority owner of Sprint, is willing to accept a deal that would value Sprint at or near its market price, Bloomberg reported Friday, citing people familiar with the matter. The two sides haven’t agreed on exact terms, said the people, who asked not to be identified because the discussions are private.