https://www.cnbc.com/2018/04/27/sprint-drops-more-than-10-percent-after-report-a-deal-is-near-with-t-mobile-for-24-billion.html

Shares of Sprint plunged as much as 13 percent in extended trading on Friday after Bloomberg reported a merger agreement with T-Mobile would value Sprint at about $24 billion.

The deal would value Sprint shares at about $6.10 apiece. T-Mobile backer Deutsche Telekom AG would receive a 42 percent stake and 69 percent of the voting interest in the combined company, sources told Bloomberg.