May 29, 2014 12:06 PM

Shares of Sprint and T-Mobile rise after reports of merger talks

A news report in Japan suggested the parent companies of Sprint and T-Mobile US had moved closer to a deal that would bring the wireless companies together. Bloomberg News reported that the article cited unnamed sources who said SoftBank CEO and Sprint chairman Masayoshi Son proposed an acquisition “and got a positive response” from executives at T-Mobile and Deutsche Telekom.

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