SoftBank, Deutsche Telekom hit wall in Sprint, T-Mobile talks: sources [Reuters]
SentinelOne, Inc. Class A (S)
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Source: Reuters
SoftBank, Deutsche Telekom hit wall in Sprint, T-Mobile talks: sources | Reuters 6 Min Read (Reuters) - SoftBank Group Corp ( 9984.T ) and Deutsche Telekom AG ( DTEGn.DE ) have reached an impasse in their talks to merge Sprint Corp ( S.N ) and T-Mobile US Inc ( TMUS.O ) over how many shares each would hold in the combined company, people familiar with the matter told Reuters on Monday. In a board meeting at Japan’s SoftBank on Friday, several directors expressed doubts about giving up control of Sprint in any deal, the sources said, the latest twist in on-and-off talks to unite the two U.S. wireless carriers that began earlier this summer. According to tentative deal terms that Reuters was first to report last month, SoftBank and other Sprint shareholders would have received close to 40 percent or a little more of the combined company. The holdup in negotiations could torpedo plans to merge Sprint and T-Mobile, controlled by Deutsche Telekom, into a single carrier with more th
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