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Source: Sprint To Buy T-Mobile For $32B

Reuters | by TVNewsCheck

Sprint Corp. has agreed to pay about $40 per share to buy T-Mobile US, a person familiar with the matter said, marking further progress in the attempt to merge the third- and fourth-biggest U.S. mobile network operators. The $40 price represents a 17% premium to T-Mobile US’s closing share price on Wednesday, giving it a valuation of more than $32 billion and the shares have more than doubled in price since the group bought smaller rival MetroPCS a year ago.