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WSJ: Sprint and T-Mobile have agreed to a $32 billion merger [updated]

05
Jun
2014

Although Sprint and T-Mobile are facing some steep regulatory hurdles, the two companies are apparently going to try to go ahead with their merger anyway. The Wall Street Journal’s sources say that Sprint parent company SoftBank and T-Mobile parent company Deutsche Telekom have agreed to a deal that will see SoftBank acquire a majority stake in T-Mobile for $40 per share in a deal worth $50 billion. T-Mobile’s shares closed trading Wednesday at $34.28 each while its market cap stood at $27.46 billion, so it looks like DT will be getting a nice premium from SoftBank in the deal, especially since the Journal’s sources say it would retain a 15% to 20% stake in T-Mobile even after the deal is complete. SoftBank

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