Softbank may look to acquire T-Mobile if Sprint purchase fails
Softbank has been officially set to acquire a majority share of Sprint since October, and the $20 billion deal keeps inching closer and closer to completion, but a new report says that Softbank has a backup plan in case the purchase doesn't get approval. Apparently, the fallback plan for Softbank is to follow in AT&T's footsteps and try to purchase T-Mobile.
Dish entered the race to purchase Sprint. Dish outbid Softbank for Sprint, offering a deal worth $25.5 billion.A report from Reuters says that Softbank is already in talks with Deutsche Telekom to purchase T-Mobile U.S. The two companies have been in discussions over T-Mobile since last year, but talks have gained steam since
Softbank's primary focus is still to close the deal for Sprint, but if that does fall through, it will push more aggressively for T-Mobile U.S., which is said to be valued at $15 billion. And, just to make things even more complicated, if Softbank does abandon its bid for Sprint, it could gain $5 billion from currency hedging gains, previously purchased Sprint shares, and breakup fees.