Sprint seeks merger with Charter to create wireless and cable giant
Wireless carrier Sprint is trying to merge with cable giant Charter Communications, The Wall Street Journal reported today.
Sprint Chairman Masayoshi Son proposed the merger to create “a new publicly traded entity that would combine Sprint and Charter and be controlled by Japan’s SoftBank Group,” the Journal wrote, citing “people familiar with the matter.” Son is the founder and CEO of SoftBank, which owns Sprint.
One thing that isn’t certain is whether Charter wants to merge with Sprint. “It is far from guaranteed that Charter would ultimately agree to such a deal,” the report said.