(Adds shares, details from WSJ report, background)July 28 (Reuters) - Sprint Corp has proposed a merger with Charter Communications Inc in a deal that would create a new publicly traded media and communications company, the Wall Street Journal reported on Friday. Japan's SoftBank Group Corp, which controls Sprint, will control the new entity, as per the "complex" proposal, the WSJ said, citing people familiar with the matter. http://on.wsj.com/2eVpfoiSprint shares rose 5.8 percent in after-market trading while Charter shares were marginally up. Sprint, Charter and SoftBank did not immediately respond to emailed requests for comment after regular U.S. business hours. Though the exclusivity window ended this week, Sprint Chairman Masayoshi Son continues to pursue a much larger deal with Charter to create a media and communications giant, WSJ said.

Source: Wall Street Journal July 29, 2017 00:22 UTC