T-Mobile makes revised offer to Sprint to try and save merger
With rumors suggesting that Sprint parent company SoftBank wants to walk away from the T-Mobile merger talks, a new report says that T-Mo has come up with a new deal to try and get SoftBank to stick around.
T-Mobile made a revised offer to Sprint today, say sources speaking to the Wall Street Journal. No details of the offer are known. It's said that T-Mobile and Sprint could strike a new agreement within weeks, though it's also possible that they'll fail to reach a deal.
Today's report also says that T-Mobile CEO John Legere spoke with Sprint CEO Marcelo Claure on Wednesday to say that Deutsche Telekom, T-Mobile's parent company, doesn't want this merger to fall apart.
The T-Mobile-Sprint merger seemed like a done deal just a couple of weeks ago, but then reports suggested that SoftBank wasn't happy with the exchange ratio of shares. It's also said that SoftBank CEO Masayoshi Son doesn't want to relinquish control of Sprint, and so the company has been trying to get Son into a decision-making role with the combined T-Mobile-Sprint.