Shares of T-Mobile US fell more than 5 percent today while Sprint stock tumbled more than 9 percent on news that a merger between the two companies in the works for 6 months may be called off.

It is reported that Sprint’s parent SoftBank is vying for semblance of control over the resulting entity. T-Mobile owner Deutsche Telekom is said to want full control of the company. Previously, it was expected that Deutsche and SoftBank would split the stakes 60/40 and that both companies’ head executives would co-chair the entity.

Sources to Reuters say that some of SoftBank’s C-suite are trying to convince chairman Masayoshi Son to rethink the deal as he would essentially lose control of one of the company’s largest assets, much less a foreign asset. CNBC’s sources contest that negotiations between the two are still active and Sprint has not definitively set an end to its participation. This is contrast to Nikkei‘s reporting.

You May Also Like
Huawei Mate 30 Pro review

Huawei Mate 30 Pro review: the best phone you can’t get, and that’s OK

In our Huawei Mate 30 Pro review we’re trying to answer the question of whether the phone can survive without Google support, and should you buy it?

Companies could soon get licenses to sell to Huawei

Good news for Huawei: In a recent Bloomberg interview, Commerce Secretary W. Ross said he was optimistic about reaching a “Phase One” China deal this month.

The upcoming Moto Razr has been spotted in the wild, with a huge chin

It seems that the new Moto Razr is already being caught in the wild, with a huge chin, and there’s a picture to prove it