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Reports of the Merger Talks Spike Sprint’s Stock

Kansas CIty Sprint

Conflicting reports surfaced Thursday about possible merger talks that could bring Sprint Corp. and T-Mobile US Inc. together.

A news report in Japan said Sprint’s parent company,Tokyo-based SoftBank Corp.,had reached a limited agreement with T-Mobile’s Germany-based parent,Deutsche Telekom.

Kyodo News cited unnamed sources under the headline “Deutsche Telekom OKs SoftBank buyout of T-Mobile:sources.” The text was not available,all according to a recent KC Star article.


Other media outlined different descriptions,also citing unnamed sources. Reuters said “no decision was imminent” and “details such as price and financing remain to be worked out.”

None of the companies commented on the reports.

SoftBank and Deutsche have made no secret of their desire to seek a transaction,but regulators in Washington have similarly been candid about their reservations.

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