Deals
SoftBank Is Said to Be Willing to Take Sprint Market Price
- SoftBank, Deutsche Telekom nearing acceptable range on price
- No decision if Sprint or T-Mobile shares would be exchanged
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SoftBank Group Corp., the majority owner of Sprint Corp., is willing to accept a stock-for-stock merger with T-Mobile US that values Sprint at or near its current market price, according to people familiar with the matter.
While the two sides haven’t agreed on an exact value, SoftBank doesn’t expect to receive much of a premium to Sprint’s current share price and may accept a deal that values the fourth-ranked U.S. wireless carrier at about its $34 billion market capitalization, said the people, who asked not to be identified because the discussions are private.