Legere: Extension of Sprint/T-Mobile merger deal may include lower price

The $26.5 billion merger agreement between Sprint Corp. and T-Mobile US Inc. has expired, and ongoing negotiations may include a lower sale price.

In a live-streamed broadcast Thursday, T-Mobile CEO John Legere said he wouldn’t rule out cutting the cost, characterizing the talks as not “a hostile conversation” but rather “an active one,” Reuters reports.

“It’s sort of like going month-to-month on your rent,” Legere said.

In a statement, Sprint said it remains “committed to completing…

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Source: Homes and Lifestyle