Sprint Corporation To Buy T-Mobile For $32 Billion [REPORT]

Sprint Corporation (NYSE:S) is nearing an agreement to acquire T-Mobile US Inc (NYSE:TMUS) that could value the wireless carrier at almost $40 a share, according to a report in The Wall Street Journal.

According to Ryan Knutson of The Wall Street Journal, both companies have agreed on the broad outlines of a merger valuing T-Mobile at around $32 billion.

Opposition from regulators

As reported earlier, U.S. Department of Justice officials sounded a warning that Sprint Corporation (NYSE:S)’s acquisition of T-Mobile US Inc (NYSE:TMUS) would meet with ‘intense scrutiny’ and...