Report: Sprint and T-Mobile have agreed to merger valued at $32 billion
Oh, man. According to reports out of Bloomberg and the WSJ, Sprint is close to reaching an agreement to acquire T-Mobile for a summertime merger. The proposed deal could run SoftBank around $32 billion, leaving T-Mobile parent company Deutsche Telekom with only a 15% stake in the company, while Sprint gains 50% stock (around $40 a share) and 50% cash.
Of course, all of this is subject to regulatory approval but sources close to the matter say they’re planning for a July announcement. Similar to the deal T-Mobile made with AT&T, if it falls through, Sprint could be paying around $1 billion simply for trying.
We’re really trying to weigh out the positives and negatives and we have to say, it’s too early to freak out. How would you guys feel about reports that T-Mobile could be merging with Sprint? Could there possibly be a bright side to all this?