Sprint Surges On Report T-Mobile Merger Talks Back On

Sprint (S) surged in midday trading Tuesday after a report said the Softbank-controlled company has re-started merger talks with T-Mobile U.S. (TMUS)

Sprint shot up 14% to 5.87 on the stock market today. T-Mobile rose 6.5% to 63.59. The Wall Street Journal reported that Sprint and T-Mobile were in early-stage talks.

Deutsche Telekom (DTEGY) owns T-Mobile. Sprint and T-Mobile broke off merger talks in early November.

SoftBank reportedly has been willing to give Deutsche Telekom a majority...

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