T-Mobile US and Sprint are working to save their $74 billion merger and could reach a deal within weeks, according to the Wall Street Journal. Fred Katayama reports.
T-Mobile US and Sprint are working to save their $74 billion merger. The Wall Street Journal also reports that the companies could reach a deal within weeks. Last week, Reuters reported, parent companies Deutsche Telekom and SoftBank had hit an impasse after SoftBank expressed doubts over giving up control of Sprint. But now the Wall Street Journal says, T-Mobile has revised its offer and Sprint is considering it. Terms of the offer were not disclosed. A Deutsche Telekom representative declined to comment. Under the previous deal structure, Deutsche Telekom would control the new company that would combine the third and fourth-biggest U.S. mobile carriers. T-Mobile US shares traded higher on the news. Sprint stock shot up.