![]() When applied to the $146 billion value of the combined company, that's a difference of $4.4 billion. If a deal with the same terms had been approved in October, Sprint shareholders would've held 30% of the new entity, compared with just 27% outlined in the new agreement. Son has since capitulated, and a new Journal report suggests he may have been coaxed to give up control amid mounting pressure on Sprint to roll out 5G technology.īut the damage has been done. At the time, he even went as far as to celebrate the deal's collapse. The sticking point was said to be SoftBank CEO Masayoshi Son, who staunchly insisted that his firm retain control of Sprint. When T-Mobile and Sprint finally agreed over the weekend to a blockbuster merger, it marked the end of a yearslong courtship and countless hours of negotiation.īut it could've been a much better deal for Sprint's parent company, SoftBank, if only the Japanese telecom giant had been less stubborn during talks in October.īack then, discussions broke down amid disagreement over who would hold the largest stake in the new company, The Wall Street Journal reported at the time. By waiting, SoftBank wound up getting a worse deal than it would've last year - more than $4 billion worse at current valuations.Sprint's parent company, SoftBank, was the major holdup during talks late last year, and the capitulation of CEO Masayoshi Son was seen as instrumental in getting a deal done.The agreement comes after years of on-again, off-again negotiations. ![]() T-Mobile and Sprint on Sunday announced plans to merge, valuing a combined company at $146 billion.Account icon An icon in the shape of a person's head and shoulders. ![]()
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