Softbank (SFTBY) announced they would give up their interest in Sprint (S) which would clear the path for a Sprint (S) – T-Mobile (TMUS) merger.
Investors liked the news and cheered. They bid up the stock prices for both T-Mobile and Sprint.
T-Mobile went up 5.5%
Sprint went up 3.3%
Negotiations for the Sprint – T-Mobile merger will begin in April.
We recommend buying calls for T-Mobile.
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