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Sprint Corporation Message Board

  • mr_whigglee mr_whigglee Dec 24, 2013 1:46 PM Flag

    S-SB merger with TMUS: news out on seeking alpha...

    So it appears to be more then rumor...

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    • SoftBank preparing for T-Mobile deal
      23 December 2013
      Masayoshi Son, the chief executive of Japanese operator Softbank is exploring a deal for Sprint to buy the majority of T-Mobile USA and has discussed financing a bid with banks such as Credit Suisse, Mizuho Bank and Goldman Sachs, reports Bloomberg.

      Son, who is looking for about $20 billion to finance a bid, has also met with Deutsche Bank and JPMorgan Chase & Co., while receiving advice from the Raine Group LLC, said Bloomberg’s sources. Those six banks are the same ones that helped finance and advise on SoftBank’s purchase of Sprint.

      The plan would be to take control of T-Mobile by paying cash for the 67% stake owned by Deutsche Telekom. Sprint would then be integrated with T-Mobile, combining the third- and fourth-largest U.S. wireless operators. Deutsche Telekom has said that it’s prepared to sell its $16 billion stake in T-Mobile, which has mostly been an unprofitable U.S. outpost for the German phone giant. GTB

      Sentiment: Strong Buy

    • It's all over the news now.

      Sentiment: Strong Buy

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