https://www.cnbc.com/2017/09/25/t-mobile-and-sprint-stock-for-stock-deal-to-reflect-at-market-price-sources.html

T-Mobile and Sprint are entering due diligence in a stock-for-stock deal that is expected to make Deutsche Telekom the majority owner, sources tell CNBC's David Faber.

The stock exchange ratio is expected to be at market, the sources said. The companies are hoping to reach an agreement by the third week of October.