Softbank Eyes Deutsche Telekom Stake in T-Mobile (TMUS), Sprint (S) Drops
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(Updated - June 7, 2013 3:40 PM EDT)
T-Mobile US (NYSE: TMUS) stock spiked suddenly on Friday afternoon. Shares of Sprint (NYSE: S) were also affected, dropping suddenly. The violent moves followed reports from Reuters that Softbank expressed interest in Deutsche Telekom's stake in T-Mobile. The potential acquisition is being viewed by Softbank as an alternative to Softbank's stake in Sprint. This follows a recent counterbid from Dish (Nasdaq: DISH).
T-Mobile US (NYSE: TMUS) stock spiked suddenly on Friday afternoon. Shares of Sprint (NYSE: S) were also affected, dropping suddenly. The violent moves followed reports from Reuters that Softbank expressed interest in Deutsche Telekom's stake in T-Mobile. The potential acquisition is being viewed by Softbank as an alternative to Softbank's stake in Sprint. This follows a recent counterbid from Dish (Nasdaq: DISH).
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