Economy

Mobile reportedly makes Sprint a revised offer

Mobile reportedly makes Sprint a revised offer”

Softbank and Charter are once again talking possible merger after Sprint and T-Mobile merger talks hit a wall this week. News of the merger falling through due to a breakdown in power management is not entirely shocking, given the massive dose of personality that CEO John Legere has injected into T-Mobile over his five year tenure; to lose any control over the company's management or image would nearly certainly break any talk of a merger, though it's still unclear exactly how things unfolded to lead to where we are today.

Back in July, SoftBank made an offer to buy Charter and merge it with Sprint, but Charter made it clear they had no interest in the deal.

Just last week, it seemed like a T-Mobile-Sprint merger was a done deal, but now everything's been thrown into disarray after a rumor said that SoftBank wanted to end the negotiations. According to the New York Post, Sprint owner Softbank has subsequently approached Charter about an acquisition, a source telling the paper the two sides are "definitely" contemplating a deal.

Sprint's board then discussed the situation, saying it comes down to who has control over the new entity: Sprint Chairman Masayoshi or Deutsche Telekom.

Whether or not a deal is actually reached in a few weeks remains to be seen, but we'll keep you updated.



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