New York: SoftBank Group Corp, the majority owner of Sprint Corp, is willing to accept a stock-for-stock merger with T-Mobile US that values Sprint at or near its current market price, according to people familiar with the matter.
While the two sides haven’t agreed on an exact value, SoftBank doesn’t expect to receive much of a premium to Sprint’s current share price and may accept a deal that values the fourth-ranked US wireless carrier at about its $34bn market capitalisation, said the people, who asked not to be identified because the discussions are private.
Deutsche Telekom AG, the majority owner of third-largest US wireless provider T-Mobile, previously told SoftBank it felt Sprint shares should be valued at a significant discount to their market value.
