STAMFORD, Conn./OVERLAND PARK, Kan. (Heartland Newsfeed) — Charter Communications Inc. said it isn’t interested in buying Sprint Corp., rebuffing a gigantic merger offer and ending several weeks of deal talks between the media and communications companies.
Sprint proposed a merger with Charter that would create a massive new entity controlled by SoftBank Group Corp., Sprint’s parent, the Wall Street Journal reported Friday.
On Sunday, Charter said it isn’t interested in the deal and indicated it would stick with an existing wireless reseller agreement with Verizon Communications Inc. rather than switch to one with Sprint. The announcement effectively kills the possibility of any deal between Sprint and Charter any time soon.
An expanded version of this report appears on WSJ.com.
Jake Leonard, a broadcast media and journalism veteran, is the editor-in-chief of Heartland Newsfeed. Leonard is also GM and program director of Heartland Newsfeed Radio Network, wrestling editor and contributing writer for Ambush Sports, a contributing writer for My Sports Vote and Midwest Sports Network, and a former contributor to Bleacher Report and Overtime Heroics. He resides at home in Nokomis, Ill. with his dog Buster.
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