Deals
Sprint and T-Mobile Are Ironing Out Final Deal Details
- Merger likely to be announced with earnings at end of month
- A traditional breakup fee isn’t expected to be included
SoftBank CEO Says Sprint, T-Mobile Merger 'Makes Sense'
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Sprint Corp. and T-Mobile US Inc. are putting the finishing touches on a merger that’s likely to be announced when the wireless carriers report quarterly earnings at the end of October, according to people familiar with the matter.
Both sides are conducting final due diligence to decide on the exchange ratio that will determine Sprint’s valuation, said the people, who asked not to be identified because the discussions are private. Setting an exchange ratio for the all-stock deal will be one of the last steps to clinching the merger and hasn’t yet been finalized, the people said.