Sprint may soon have new owners in Seoul

A takeover of Sprint by SK Telecom has been in the rumor mill for more than a year. According to CNBC, it may be more than a rumor very soon. If the dollar falls much further, I’m betting it’s a done deal.

An agreement would be at best weeks away, CNBC said, citing people familiar with the talks.

Sprint shares closed up 9 percent at $9.04.

U.S.-listed shares of SK Telecom, Korea’s largest mobile-phone service operator by subscriber numbers, fell 2 percent to $20.67.

Sprint spokesman James Fisher had no comment on the report. No SK Telecom representatives were available in the early morning hours, Korean time.

CNBC reported that private-equity firms would provide financing for the deal, since SK Telecom’s market value is about half of Sprint’s $22.6 billion. (Yahoo)