The Sprint take over of T-Mobile is closer to becoming a reality according to Bloomberg. The two parties are close to agreements on termination fee, price and the capital structure of the deal. The final price is reportedly $40 per share.
The deal is reportedly set to be announced in July or August. The Sprint takeover of T-Mobile was first reported by Bloomberg back in May. The Sprint acquisition is backed the carrier’s parent company Softbank.
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Even if the deal is announced, there’s still the issue of convincing the FCC to allow it to happen. The FCC killed an attempt by AT&T and T-Mobile to merge in 2011.