Sprint and T-Mobile have agreed on the broad outlines of a merger valuing T-Mobile at around $32 billion, the Wall Street Journal reported. Recent regulatory developments have convinced executives at both companies that they have an opening to get a deal approved, despite speculation that the FCC would deny such a merger. According to the Wall Street Journal, “The terms involve Sprint paying around $40 a share for T-Mobile in an acquisition that could happen early this summer, the people [familiar with the matter] said. The companies are still working toward a formal contract, and the effort could fall through. Sprint will be making a big bet that it can win. Under the terms discussed, Sprint would pay T-Mobile more than $1 billion in cash and other assets if deal is rejected, the people said.”
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