https://techcrunch.com/2017/10/30/sprint-shares-fall-9-on-reports-of-failed-t-mobile-merger/

Sprint-owner SoftBank Group may be getting cold feet when it comes to the proposed T-Mobile U.S. merger. Sprint shares fell 9% following a report from the Nikkei that Softbank might be backing off from a potential agreement.T-Mobile shares fell 5%.

According to the report, SoftBank is expected to approach Deutsche Telekom, the owner of T-Mobile as soon as Tuesday to discuss ending the merger talks. They had been in the process of finalizing details to merge the U.S.’s third and fourth-largest telecom carriers. (TechCrunch is owned by competing Verizon.)