Will the $26bn T-Mobile/Sprint deal actually happen? The decision will be made in the next few weeks. Back in August it looked like a sure thing. Now analysts give it a 50/50 chance of meeting anti-trust muster.
No one has a bigger stake in this flip of a coin than Softbank’s head, Masayoshi Son. He either walks away with a modest gain on his original $20bn investment in Sprint (S) in 2013 – or he faces losing it all plus somehow having to deal with a $39bn debt load if S ends up in bankruptcy. It would be a painful hit but wouldn’t break Softbank. But coming on the heels of the WeWork disaster the reputational hit will more difficult to recover from.
This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.