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SoftBank may be willing to take market price for Sprint

SoftBank doesn't expect to receive much of a premium to Sprint's current share price

Alex Sherman & Scott Moritz | Bloomberg 

SoftBank Group, the majority owner of Sprint, 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 US  wireless carrier at about its $34 billion market capitalisation, said the people. Deutsche Telekom, the majority owner of third-largest US wireless provider ...

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First Published: Sat, September 23 2017. 21:59 IST