Tara Lachapelle, Columnist

T-Mobile Should Play Hard to Get

It should see what other offers come over the transom.
Photographer: Patrick T. Fallon/Bloomberg
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Don't let Masayoshi Son's confidence fool you: T-Mobile US Inc. is the one in the driver's seat, while Son and his Sprint Corp. are wishing and hoping for a merger.

Now that the quiet period around the recent U.S. government-led wireless spectrum auction has ended, Sprint and T-Mobile have started preliminary conversations about combining their businesses, according to a report Friday from Bloomberg News. While this lifted shares of Sprint, the potential merger has also been one of the most anticipated deals of 2017 -- not least because Son keeps hinting at it.