NEW YORK (TheStreet) -- T-Mobile (TMUS) shares are down -1% to $33.16 following reports that the price its proposed merger with Sprint (S) could be cut in half with Sprint's parent company, SoftBank (SFTBY), buying only a 50% stake in the company for $16 billion, half of the $32 billion that had originally been expected.
The lower price may be because SoftBank only wants to purchase half of T-Mobile as opposed to the two company's completely merging, according to a FierceWireless report.
Sprint shares are down -1% to $8.46 today, while SoftBank shares are up 2% to $37.85
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