Scalper1 News
T-Mobile USA (TMUS) stock rose Thursday after reports in Japan that Sprint (S) majority owner SoftBank is raising funds to buy a majority stake in T-Mobile from Deutsche Telekom (DTEGY). Japanese banks are flush with cash and eager to fund acquisitions abroad. Loans from Japanese banks helped Japan-based SoftBank buy a controlling stake in Sprint this summer. The M&A environment is still ripe because of low interest rates across the globe. Scalper1 News
Scalper1 News