|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||81.00 - 81.00|
|52 Week Range||81.00 - 81.00|
|Beta (3Y Monthly)||0.41|
|PE Ratio (TTM)||21.25|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Today's major tech headlines include the FCC approval of the T-Mobile and Sprint merger, Stranger Things saving Netflix's worrying subscriber growth and Amazon and Google's slow adoption of Wi-Fi 6 in the company's networking products.
Although stocks are mixed amid weak retail data and trade concerns, the UAW reached a tentative labor deal with GM after numerous weeks of strike while the FCC approved of a merger between T-Mobile and Sprint. Yahoo Finance's Scott Gamm joins The Final Round to discuss.
T-Mobile plans to post its third-quarter earnings results on October 25. The third-largest wireless service provider had an action-packed September quarter.
The T-Mobile–Sprint merger may be nearing official FCC approval “due to the no vote from Democratic commissioner Jessica Rosenworcel.” Here's why.
T-Mobile stock is consolidating as the proposed Sprint merger’s fate remains unclear. Here is what a fundamental and technical analysis says about buying stand-alone T-Mobile sans Sprint.
T-Mobile US Inc's proposed $26.5 billion tie-up with Sprint Corp won formal approval from the Federal Communications Commission on Wednesday in a vote split along party lines, two sources told Reuters. Chairman Ajit Pai and two Republican commissioners voted to approve the deal while two Democratic commissioners voted against it, the sources said. The lawsuit against Sprint and its parent company Softbank Group Corp and T-Mobile and its parent Deutsche Telekom AG argues the deal will lead to higher prices for consumers.
Bernstein has launched coverage of the telecom, cable and satellite sector with a mostly positive outlook and bullish recommendations on several stocks. The Analyst Bernstein analyst Peter Supino initiated ...
Google stock advanced on Tuesday amid the unveiling of the Pixel 4 smartphone, which takes on the new Apple iPhone 11 and Samsung devices. Meanwhile, Apple stock slipped on the news.
You might support the T-Mobile–Sprint merger or you might not. But it will probably happen either way, so why not profit from the telecom event of the decade?
While many believe that a T-Mobile–Sprint merger would reduce competition, we shouldn't overlook what could happen to Sprint if the merger fails.
(Bloomberg Opinion) -- Masayoshi Son could be on track for the biggest triumph of his career. Or the biggest failure. His decision to jump in and save a drowning unicorn, WeWork, goes against the precepts of the SoftBank Vision Fund that he founded, and could cause reputational damage worth more than the billions of dollars in this one deal.SoftBank Group Corp. may get control of the troubled office-rental startup as part of a financing package that could relieve a looming cash crunch, Bloomberg News reported. Directors of The We Co. may soon choose one of two options: a SoftBank takeover, or a debt package led by JPMorgan Chase & Co.Actually running one of the fund’s portfolio companies would be a grave step for a man entrusted to manage $100 billion of investors’ capital. Such a move goes beyond doubling-down on a flailing investment in a single company and would saddle Son’s team with a task the fund wasn’t set up to tackle. That puts at risk not just shareholder money, but the status of the Vision Fund and its mastermind, Son himself.WeWork was one of the world’s hottest companies before its IPO prospectus revealed it was burning cash and had a complicated shareholding structure that overly favored its founder and chairman, Adam Neumann. Public investors balked, forcing the company to shelve a planned listing. That brought its valuation crashing down, to as little as $15 billion from $47 billion.In late September, there was talk that SoftBank would give WeWork more cash in return for a reduced price at which it acquires stock. That deal would have made sense, allowing Son and his investors to enjoy a wider upside from an eventual exit, or at the very least narrow any downside from a worsening valuation.Having sunk as much as $10 billion in WeWork, it’s understandable that Son and his team want to do all they can to save it.Engineering the exit of Neumann, as SoftBank successfully did, is not tantamount to re-engineering the company and its troubled business model. This is likely the beginning of an ugly cleanup, as my colleague Shira Ovide wrote. But that doesn’t mean SoftBank should be the one to do the dirty work.It’s normal for a startup's investors to offer advice, make introductions, or even force change. It’s highly unusual for a venture capital vehicle to then become the parent company, tasking itself with being the turnaround merchant. That’s the realm of private equity and takes a different skill set. It also takes a lot of time and management resources.Son’s desire to be a savior may be strong. His 2012 takeover of U.S. telecommunications company Sprint Corp. is one of the most notable examples. But Vision Fund investors may also take it as a warning: Sprint remains unprofitable. It has also taken up a lot of management time as SoftBank executives worked to find a buyer — Sprint now plans to merge with T-Mobile USA — and then regulators to allow the deal to go through.As big as WeWork is, that investment is just 10% of the Vision Fund. Yet VC investing returns aren’t measured in percentage points, but multiples. The Vision Fund should be able to write off WeWork in its entirety and still post solid profits. It also means that expending an inordinate amount of time, and reputation, on one investee is not in the best interests of the Vision Fund’s other 82 portfolio companies, nor its investors.Of course, there may be another strategy: Keep WeWork on life-support just long enough to raise the second Vision Fund. Plans for this sequel already look shaky. Would-be backers seem to be having second thoughts and SoftBank is reported to have leaned on its own employees to take out loans to fund personal investments. The WeWork debacle isn’t making the Vision Fund 2 an easy sell.The reputations of Son and the Vision Fund needn't be made or broken by one deal. Sure, a successful turnaround could do wonders. But it seems more likely that negative headlines will keep coming for years and gradually erode Son and SoftBank’s mystique. This hill isn't worth dying on.To contact the author of this story: Tim Culpan at firstname.lastname@example.orgTo contact the editor responsible for this story: Patrick McDowell at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
After gaining Mississippi’s support, the T-Mobile-Sprint merger faces a new hurdle as a group of economists asked the DOJ to reject the proposed merger.
So far, T-Mobile stock has risen more than 22% this year. Recent developments related to the company's merger with Sprint (S) continued to drive the stock.
Sixteen states and the District of Columbia, led by New York Attorney General Letitia James, remain opposed to the deal.
Mississippi, once a critic of the T-Mobile-Sprint merger, now backs it. Could other states withdraw from the multistate lawsuit opposing the merger?
One of 17 U.S. states that sued to block a proposed $26.5 billion tie-up of Sprint Corp and T-Mobile US Inc agreed to drop the challenge after reaching a deal with the companies. Mississippi Attorney General Jim Hood said in a statement he will withdraw from the legal challenge over the planned merger of the third- and fourth-largest U.S. wireless carriers. Hood said the prior merger agreement did not include any specific commitments benefiting Mississippi.
AT&T; plans to post its Q3 earnings results before the market opens on October 23. The second-largest wireless carrier had an eventful quarter.
AT&T; (T) stock received a target price upgrade on Monday. Investment firm Raymond James increased its target price on the stock from $35 to $40.
(Bloomberg) -- A federal court’s decision Monday to force President Donald Trump to turn over his tax returns may have ramifications outside of politics, and turn out to be a signal on how a judge may rule in the multistate lawsuit seeking to block T-Mobile US Inc.’s purchase of Sprint Corp.Judge Victor Marrero’s ruling on Trump’s taxes suggests that when he presides over the telecom mega-merger, he may not defer to the Department of Justice and Federal Communication Commission’s support for the phone company combination, New Street analyst Blair Levin said in an email. Instead, he will rule on the law when the court hearing about the deal begins in early December in Washington, and it may not be so predictable.“For those on Wall Street -- and there were many -- who believed that the judge was likely to defer to the judgment of the DOJ (and FCC), today’s ruling should be a data point to rethink that view,” said Levin, a former FCC chief of staff. “Today’s ruling suggests to me he is a very thorough, thoughtful judge whose decision will be carefully grounded in the law and facts. Reasonable minds can differ as to where that will lead him in the antitrust trial, but simple deference to the DOJ’s conclusion is not the likely path.”Levin’s assessment is similar to that of attorney Matthew Cantor, who told the New Street analyst last month that while the judge will weigh evidence about the DOJ and FCC decisions, he’s unlikely to defer to those agencies.To contact the reporter on this story: Joshua Fineman in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Brad OlesenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.