T-Mobile and Sprint agree to a merger valuing Sprint at ~$26B or $6.62/share, John Legere will be CEO; Deutsche Telekom will own 42%, SoftBank 27% of new firm (Bloomberg)

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Bloomberg:
T-Mobile and Sprint agree to a merger valuing Sprint at ~$26B or $6.62/share, John Legere will be CEO; Deutsche Telekom will own 42%, SoftBank 27% of new firm  —  T-Mobile US Inc. and Sprint Corp. agreed to combine in a $26.5 billion merger, creating a wireless giant to compete …