Sprint shares drop more than 11% on report that Softbank is calling off talks with T-Mobile

“The merger negotiations to combine Sprint and T-Mobile are in jeopardy, according to a Nikkei report Monday” writes Tomohiro Ohsumi for Sprint shares dropped more than 11 percent, while T-Mobile stock dropped 5 percent after the report.”SoftBank Group plans to break off negotiations on a merger between subsidiary Sprint and T-Mobile US amid a failure to agree on ownership of the combined entity,” the Japanese financial news agency said.

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