Possible Berkshire Hathaway deal worth $10 billion according to insiders.
Sprint chairman Masayoshi Son held separate talks with Warren Buffet and Liberty Broadband chair John Malone at a recent CEO conference in Idaho, according to the Wall Street Journal.
Son has been very proactive about exploring the options for Sprint, and we’ve seen talks of a renewed interest in a merger with T-Mobile as well as “official” talks with Charter Communications and Comcast since May 2017 that would have Charter and Comcast reselling wireless service in return for a sizeable investment.
The U.S. telecom market is a mess of half-deals and promises.
Liberty Broadband, one of Charter’s largest investors, chairman John Malone was said to have talked with Son about a deal that would “bolster Charter’s efforts to add wireless service to its cable TV and internet businesses” according to people familiar with the situation.
Comcast struck a deal with Verizon last April that sees them reselling wireless service, and a separate deal between Comcast and Charter means either company would need the blessing of the other before further moves to sell phone service were finalized, but a direct deal with Liberty Broadband would be exempt.
Buffet, who is also a Charter investor with 3.5% of all Class A shares and whose Berkshire Hathaway holds over $90 billion in cash, is said to be actively looking for an opportunity and Son sat down and talked about a deal that could be worth over as $10 billion according to people in the know.
As these were said to be informal talks and not any official negotiations, neither of these may materialize….
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