BloombergSprint Corp chairman Masayoshi Son held talks with billionaires Warren Buffett and John Malone about investing in the wireless company, according to a person familiar with the matter. Buffett is considering an infusion of US$10 billion to US$20 billion, while Malone would put in additional funding, said the person, who asked not to be identified discussing private information. Part of the funding would dilute Softbank Group Corp’s 83 percent stake, while the rest would put cash into the company to strengthen it, the person said. Sprint shares rose as much as 5.1 percent after the Wall Street Journal reported he was in talks with Buffett and Malone. The company’s holdings include investments in Malone ventures such as Sirius XM Holdings Inc and Liberty Global PLC.

Source: Taipei Times July 15, 2017 15:56 UTC