Deals
Sprint's Merger Talks With T-Mobile Are in Peril
- SoftBank board members are said to be concerned about control
- DT is said to see valuation as an obstacle in discussions
SoftBank Said to Halt Sprint, T-Mobile Merger Talks
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SoftBank Group Corp.’s talks to merge U.S. unit Sprint Corp. with T-Mobile US Inc. have hit a serious snag, according to people familiar with the matter, throwing the deal into jeopardy after months of talks.
In the past three days, the companies have been unable to get past differences over valuation, according to a person close to T-Mobile parent Deutsche Telekom AG, who asked not to be identified discussing private information. Meanwhile, several members of SoftBank’s board have raised concerns about giving up control of the U.S. wireless business, another person said.