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> Sprint is the one doing the buying. Rather, Softbank. It is a merger, but Softbank will get a smaller stake than DT. "The new company will be about two-third
by carnagii 7y ago
> Sprint is the one doing the buying. Rather, Softbank.
It is a merger, but Softbank will get a smaller stake than DT. "The new company will be about two-thirds owned by T-Mobile shareholders and one-third Sprint, with board representation in line with economic ownership, one of the people said." https://www.cnbc.com/2018/04/27/t-mobile-sprint-merger-near-value-at-26-billion.html https://www.cnbc.com/2018/04/27/t-mobile-sprint-merger-near-...
There is a decent picture about half way down in this article: https://www.digitaltrends.com/mobile/t-mobile-sprint-merger/ https://www.digitaltrends.com/mobile/t-mobile-sprint-merger/
Softbank is selling at a loss here according to earlier reports that they paid $21.6B for a 72% share in Sprint https://newsroom.sprint.com/sprint-and-softbank-announce-completion-of-merger.htm https://newsroom.sprint.com/sprint-and-softbank-announce-com... and the merger values Sprint at $26.5B, of which 72% would be $19B.