Shares of Sprint Corp. and T-Mobile US Inc. jumped in premarket trade Friday, after Reuters said the companies are close to agreeing tentative terms on a merger, citing people familiar with the matter. Japan’s Softbank Group Corp. , Sprint’s majority shareholder, will own 40% to 50% of the combined entity, Reuters reported. T-Mobile parent Deutsche Telekom AG will own a majority stake. Sprint shares rose 4.4%, while T-Mobile shares were up 1.3%. S&P 500 futures were down 0.2%.
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