NEW YORK/ PORTLAND: No one has more riding on Sprint Corp.’s $26.5 billion sale to T-Mobile US Inc. than SoftBank Group and its founder Masayoshi Son. With a $19 billion stake in Sprint, SoftBank will bear the brunt of the fallout if the deal collapses. Dish Network Corp. has been a Sprint suitor in the past, but recently started building its own wireless network. Sprint Executive Chairman Marcelo Claure -- together with Son, SoftBank’s chairman -- led the carrier through a three-year go-for-broke recovery effort. Sprint and T-Mobile executives are still fighting for approval, with Sprint casting it as a matter of survival.

Source: Mint May 06, 2019 15:44 UTC