Report: Japan's SoftBank in Talks to Acquire T-Mobile
Japan’s SoftBank Corp, owner of Sprint, is in talks to acquire U.S.-based wireless carrier T-Mobile, according to media reports. The deal is designed to have Sprint take the majority stake in T-Mobile, a Reuters’ source said.
T-Mobile is the No. 4 wireless carrier in the country, but the deal would let SoftBank “leapfrog” Verizon and AT&T into the No. 2 slot. The Reuters report cites unnamed sources — a common practice in merger and acquisition news.
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